AFC and Munich Re launch $1bn trade finance risk-sharing programme
Financing · announced$1bnTuesday 27 October 2026
Africa Finance Corporation and Munich Re have signed a $1 billion risk-sharing programme covering AFC's trade finance lending to African banks. The first phase covers 38 financial institutions in 11 African countries.
Large-scale risk-sharing capacity for trade finance lenders should ease liquidity constraints for African banks.
Aiteo Eastern E&P settled disputes with Africa Finance Corporation, Shell Western Supply and Trading, and eleven commercial banks over OML 29 loan facilities worth over $1.9 billion. The settlement resolves a long-running lending dispute tied to the oil asset.
The African Development Bank announced it successfully completed its first dirham-denominated bond, worth about $100 million (MAD 1bn), as a private placement with qualified investors. The issue lets the institution diversify its Moroccan funding, which has mainly been in euros and dollars.
The African Development Bank issued a about $250 million (HKD 2bn) five-year social bond due 2031 on 28 October. It is the institution's second public Hong Kong dollar Wonton transaction.
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.
The African Development Bank launched a HKD 2 billion five-year social bond due November 2031. The issue is a social bond placed in Hong Kong's market.
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.
