Afreximbank signs $30mln loan facility with Angolan Griner Engenharia

Africa NewsFeatureNews
By Yomna Yasser and Nada Ali
Afreximbank
Kanayo Awani – Executive Vice President, Intra-African Trade Bank, at Afreximbank, has signed the agreement with with Angolan Griner Engenharia, at the third edition of Africa’s largest trade and investment fair, IATF 2023 taking place in Cairo, Egypt on Sunday, November 12, 202.

African Export-Import Bank (Afreximbank) signed on Sunday a $30 million Corporate Loan Facility with Griner Engenharia, a leading Angolan construction company, to contribute over $100 million to intra-African trade.

The deal which split into two tranches, is expected to create over 1,500 job positions, which will be strengthening Griner’s commitment to fostering employment opportunities in Angola.

The term sheet was signed by Joao Faria, Board Member of Griner Engenharia, and Kanayo Awani, Executive Vice President of Intra-African Trade Bank at Afreximbank, at the third edition of Africa’s largest trade and investment fair, IATF 2023 taking place in Cairo, Egypt.

Griner Engenharia has an enduring track record of promoting the development of trade supporting infrastructure in Africa throughout its 20-year presence in the continent.

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