Recent events
Recent events tied to this brand in public sources.
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2026
Afreximbank and APPO establish the Africa Energy Bank
Afreximbank and the African Petroleum Producers’ Organization formally established the Africa Energy Bank, with $5 billion in authorized capital to finance oil and gas projects across the continent.
2026
Heirs Energies acquires Maurel & Prom's 20.07% stake in Seplat Energy for $500m
Heirs Energies acquired the entire 20.07% equity stake (120.4 million ordinary shares) previously held by Maurel & Prom S.A. in Seplat Energy Plc at GBP3.05 per share, valuing the transaction at approximately $500 million. The deal was supported by Afreximbank and the Africa Finance Corporation.
2026
Heirs Energies acquires Maurel & Prom's 20.07% stake in Seplat Energy
Heirs Energies acquired Maurel & Prom SA's entire 20.07% equity stake in Seplat Energy Plc at GBP3.05 per share, in a transaction worth approximately US$500mn, supported by Afreximbank and AFC.
2025
Heirs Energies acquires 20.07% stake in Seplat Energy from Maurel & Prom for $500m
Heirs Energies, owned by Tony Elumelu, acquired the entire 20.07% equity stake previously held by Maurel & Prom S.A. in Seplat Energy Plc for 305 pence per share, valuing the transaction at approximately US$500 million. The acquisition of 120.4 million ordinary shares was announced on December 31, 2025, by Maurel & Prom and was supported by Afreximbank and AFC.
2022
NNPC secures $5 billion financing commitment from Afreximbank
Nigeria's NNPC secured a $5 billion corporate finance commitment from Afreximbank for investments in Nigeria's upstream sector. Afreximbank agreed to act as finance adviser and fundraiser for the amount and separately committed to underwrite $1 billion as part of a forward-sales trade-finance transaction.
2022
Deutsche Bank closes financing facility for Kumasi Market redevelopment
Deutsche Bank closed a €184 million lending facility with U.K. Export Finance and African Export-Import Bank to finance phase two of the Kumasi Market redevelopment project in Ghana.
2021
illumigyn and Peramare agree to deploy Gynescope systems across Africa
illumigyn announced that it signed a distribution agreement with Peramare Enterprises to deploy 20,000 Gynescope systems across Africa. Afreximbank signed a memorandum of understanding with illumigyn and Peramare to back the agreement financially through a letter of credit.
2021
Lucara secured financing for the Karowe underground expansion
Lucara secured commitments for US$220 million in senior debt facilities, comprising a US$170 million project finance facility for the underground project and a US$50 million working capital facility. The financing, together with equity financings and projected cash flows, fully funds the Karowe Underground Expansion Project.
2021
BUA partnered to fund COVID-19 vaccine doses for Nigeria
BUA Group paid for one million doses of AstraZeneca COVID-19 vaccines for Nigeria through the African Export Import Bank vaccine programme, in partnership with CACOVID.
2020
Afreximbank announces COVID-19 response facility
Afreximbank announced the launch of a $1.5 billion collaborative COVID-19 Pandemic Response Facility to support African countries with financing for the economic impact of the pandemic.
2020
Afreximbank announces $3 billion pandemic trade-impact facility
Afreximbank announced a US$3 billion Pandemic Trade Impact Mitigation Facility to provide financing to member central banks and other financial institutions, including support for emergency imports of medical supplies and hospital equipment.