Afreximbank Archives – CEO East Africa

KCB and Afreximbank Seal $800 Million Deal to Operationalise Vipingo Special Economic Zone

Muhereza KyamuteteraCompany News News & AnalysisSeptember 18, 2025September 18, 2025

In a move that underscores the growing importance of Special Economic Zones (SEZs) in driving Africa’s industrialisation, KCB Group and the African Export-Import Bank (Afreximbank) have signed a landmark Memorandum of Understanding (MoU) to provide $800 million in financing support for the Vipingo Special Economic Zone in Kilifi County, Kenya. Under the agreement signed in Nairobi on September 17, 2025, Afreximbank will contribute $500 million while KCB Group will inject $300 million towards the initiative. The deal was announced at the Arise Integrated Industrial Platforms (Arise IIP) – Kenya Investment Forum 2025, a high-level gathering of business leaders seeking to…

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EACOP secures external financing from five regional banks

Paul MurungiBusiness & Markets Global News The Big StoryMarch 26, 2025March 27, 2025

EACOP Ltd., the company in charge of the construction and future operation of the East African Crude Oil Pipeline project from Kabaale in Uganda to Tanga in Tanzania has closed…

Ecobank Group and the Pan African Payment and Settlement System (PAPSS) partner to enhance cross-border payments across the continent

Muhereza KyamuteteraNews & Analysis The Big StoryJune 23, 2023June 23, 2023

Ecobank Group, the leading pan-African banking Group, and The Pan African Payment and Settlement System (PAPSS) have signed a Memorandum of Understanding (MoU) to facilitate the settlement of cross-border transactions of the Group, including the transactions of all their subsidiaries, through PAPSS. The MoU was signed on Monday, 19 June 2023 during the opening ceremony of the 30th Afreximbank Annual Meeting (AAM) held in Accra, Ghana. The opening was honoured by the presence of H.E. Nana Akufo Addo, President of the Republic of Ghana and other African Heads of State, Professor Benedict Oramah, President of Afreximbank, H.E. Wamkele Mene, Secretary…

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