African Export-Import Bank

The African Export Import Bank (the “Bank”) was established in Abuja, Nigeria in October, 1993 by African Governments, African private and institutional investors as well as non-African financial institutions and private investors for the purpose of financing, promoting and expanding intra-African and extra-African trade. The Bank was established under the twin constitutive instruments of an Agreement signed by member States and multilateral organizations, and which confers on the Bank the status of an international multilateral organization; as well as a Charter, governing its corporate structure and operations, signed by all Shareholders.

Benedict Oramah

CEO, President and Chairman

Past deals in Nigeria

BUA Group

Debt Financing in 2024
BUA Group, established in 1988, is a diversified Nigerian conglomerate with headquarters in Lagos. It operates in food, infrastructure, mining, and manufacturing sectors. The company runs a flour mill in Kano, a rice plantation, and a robust out-growers scheme targeting around 100,000 rice farmers in Kano and Jigawa States. BUA Group also operates cement plants, sugar refineries, pasta plants, and flour mills, providing a wide range of services to its clients.

Dorman Long Engineering

Debt Financing in 2024
Dorman Long Engineering Limited is a structural engineering company based in Lagos, Nigeria, founded in 1949. The company specializes in structural steel fabrication for a variety of applications, including bridges, warehouses, factories, recreational and commercial buildings, as well as water and fuel storage tanks. Its product offerings encompass pressure vessels, mobile units, and marine structures, along with services such as shot and sandblasting, plasma arc cutting, and various welding techniques. Dorman Long Engineering serves a diverse range of industries, including oil and gas, construction, telecommunications, manufacturing, and power, providing high-value engineering products and services such as design engineering, procurement, and installation.

Oando

Post in 2024
Oando PLC is one of Africa's largest integrated energy solutions providers, operating primarily in Nigeria and internationally. Founded in 1956 and headquartered in Lagos, Nigeria, Oando offers a range of services through its subsidiaries, including exploration and production of oil and gas, as well as the supply and trading of crude, refined, and unrefined petroleum products. The company also engages in the storage and distribution of petroleum and gas products, along with logistics support and aviation activities. Oando's business model emphasizes a strong presence in the energy sector, with a significant focus on supply and trading as its primary revenue source. Formerly known as Unipetrol Nigeria Plc, the company rebranded in December 2003 and is a subsidiary of Ocean and Oil Development Partners Limited.

First Bank of Nigeria

Debt Financing in 2024
First Bank of Nigeria Limited, established in 1894 and headquartered in Lagos, is a leading financial services institution in Nigeria, offering a wide range of retail and corporate banking products and services. The bank operates through various segments, including Retail Banking, Corporate Banking, Commercial Banking, and Public Sector services. Its offerings encompass savings and current accounts, personal and business loans, mortgages, and agricultural financing, alongside advanced digital banking solutions like Internet and mobile banking. With a customer base exceeding 10 million and a network of over 750 branches, First Bank also has a significant international presence through subsidiaries in several countries, including the UK, Ghana, and Senegal. The institution has played a crucial role in financing infrastructure development in Nigeria and is recognized for its strong corporate governance and risk management practices. First Bank has received multiple accolades for its brand value and innovation in the banking sector, positioning itself as a trustworthy partner for individuals, businesses, and government entities.

Fidelity Bank

Debt Financing in 2024
Fidelity Bank Plc began operations in 1988 as Fidelity Union Merchant Bank Limited. By 1990, it had distinguished itself as the fastest growing merchant bank in the country. However, to leverage the emerging opportunities in the commercial and consumer end of financial services in Nigeria, in 1999, it converted to commercial banking and changed its name to Fidelity Bank Plc. It became a universal bank in February 2001, with a license to offer the entire spectrum of commercial, consumer, corporate and investment banking services.

Oando

Post in 2023
Oando PLC is one of Africa's largest integrated energy solutions providers, operating primarily in Nigeria and internationally. Founded in 1956 and headquartered in Lagos, Nigeria, Oando offers a range of services through its subsidiaries, including exploration and production of oil and gas, as well as the supply and trading of crude, refined, and unrefined petroleum products. The company also engages in the storage and distribution of petroleum and gas products, along with logistics support and aviation activities. Oando's business model emphasizes a strong presence in the energy sector, with a significant focus on supply and trading as its primary revenue source. Formerly known as Unipetrol Nigeria Plc, the company rebranded in December 2003 and is a subsidiary of Ocean and Oil Development Partners Limited.

First Bank of Nigeria

Debt Financing in 2022
First Bank of Nigeria Limited, established in 1894 and headquartered in Lagos, is a leading financial services institution in Nigeria, offering a wide range of retail and corporate banking products and services. The bank operates through various segments, including Retail Banking, Corporate Banking, Commercial Banking, and Public Sector services. Its offerings encompass savings and current accounts, personal and business loans, mortgages, and agricultural financing, alongside advanced digital banking solutions like Internet and mobile banking. With a customer base exceeding 10 million and a network of over 750 branches, First Bank also has a significant international presence through subsidiaries in several countries, including the UK, Ghana, and Senegal. The institution has played a crucial role in financing infrastructure development in Nigeria and is recognized for its strong corporate governance and risk management practices. First Bank has received multiple accolades for its brand value and innovation in the banking sector, positioning itself as a trustworthy partner for individuals, businesses, and government entities.

Nigerian National Petroleum

Funding Round in 2021
Nigerian National Petroleum Corporation (NNPC) is an integrated oil and gas company headquartered in Abuja, Nigeria. It focuses on the exploration and production of oil and gas, as well as the development of hydrocarbon reserves to enhance the nation’s energy resources. NNPC is committed to delivering value to Nigerians and various stakeholders while also exploring low-carbon energy solutions. Through its diverse operations, the company plays a crucial role in the management and optimization of Nigeria's natural resources, aiming to contribute to the country's economic growth and energy security.

SMILE Telecoms Holdings

Debt Financing in 2015
Smile Telecoms Holdings Limited provides broadband Internet access and communication services throughout Africa, specifically targeting markets in Nigeria, Tanzania, Uganda, and the Democratic Republic of Congo. Established in 2007 and headquartered in Port Louis, Mauritius, the company offers mobile broadband Internet, as well as voice and messaging services via its long-term evolution broadband network. Additionally, it supplies WiFi routers, MiFi routers for multiple users, and USB dongles for individual users. The company serves a diverse customer base, including small and medium-sized enterprises, households, and individual users, while also focusing on enhancing Internet penetration in regions with low connectivity. With a potential customer base exceeding 300 million, Smile Telecoms is positioned to expand access to reliable mobile connections, particularly as smartphone usage continues to grow in its operational areas.

Ecobank

Ecobank Transnational Incorporated (ETI), a public limited liability company under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS). In the early 1980’s foreign and state-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector were a rarity. Its founders created ETI with the objective of filling this vacuum. The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI. In October 1985, ETI was incorporated with authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS. Ecobank signed a Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988.
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