Afreximbank wins two EMEA best structured finance awards

The African Export-Import Bank (Afreximbank) has been recognized by Europe, the Middle East and Africa (EMEA) Finance’s 12th African Banking Awards for two transactions processed under its Intra-African Trade Initiative.

Afreximbank was recognized for its leading role in the $737 million bundle of guarantee facilities granted to Elsewedy Electric Group and the Arab Contractors for the construction of the Rufiji Dam and Hydropower Plant in Tanzania. Afreximbank was appointed as Global Coordinator and Financial Advisory to arrange the guarantee facilities for the project. The transaction won the award for the best structured finance deal in North Africa as part of EMEA Finance’s African Banking Awards.

Afreximbank’s $100 million global guarantee facility in favour of Orascom Construction was also awarded best structured trade finance deal in Africa. The facility aims at supporting the Egyptian construction company to expand its business in the rest of Africa through projects in key strategic sectors.

Kanayo Awani, managing director of Afreximbank’s intra-African trade initiative, said: “The promotion, facilitation and financing of intra-African trade are at the core of Afreximbank’s strategy. We are thrilled to see our efforts acknowledged once again. The complex bundled guarantee facilities we arranged for the Rufiji Dam and Hydropower Plant proves that African risks are bankable. It is perhaps the largest intra-African transaction entirely financed by African institutions. We are also proud to see our support to Orascom’s projects across Africa recognized for its performance.”

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.