Afreximbank is raising a $1 billion syndicated loan that includes a tranche denominated in yuan, according to a paywalled report. The deal diversifies the bank's funding sources beyond dollar and euro markets.
Afreximbank, as sole lender, has disbursed $980 million to part-finance the management buyout of Oryx Energies SA, the holding company of Addax Energy. The deal brings Oryx under majority African ownership for the first time.
Afreximbank's net income rose 24% to $810 million in the nine months to September 2026, while net loans and advances grew 8% to $36 billion. Shareholders' funds reached $9 billion, supported by retained profits and $200 million of new equity.
