Has the association between SBM Group and Afrex-
imbank met all expectations?
The ICD recently extended two lines of financing each worth 50ドルm to the West African Development Bank and another 100ドルm line of financing to Afrex-
imbank to support financing private sector projects and SMEs.
The Nordic Investment Bank (NIB) has signed a 10-year loan pro- gramme of 100ドルm with the African Export-Import Bank (Afrex-
imbank) to finance infrastructure projects across Africa.
Douglas Muranda, head of oversight and risk manage- ment at the RBZ, confirmed to African Business that the pro- gramme is backed by Afrex-
imbank. Meanwhile, Manhi- manzi would only confirm that the bond notes are, and have been, backed by a 200ドルm off- shore facility since their incep- tion in May 2016.