Afreximbank grants $500m credit facility to Egyptian contractors for African projects

In:

Manufacturing & equipment

Region:

Middle East & Africa

Afreximbank has approved a credit facility totalling $500 million for Egyptian contractors Elsewedy Electric and Arab Contractors Company. The funds will be utilized to issue letters of guarantee and provide working capital to support their projects across the African continent.Elsewedy Electric is...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

Cocobod announces plans for reform as cocoa prices crater

Perspective

02 March 2026

Cocobod announces plans for reform as cocoa prices crater

Cocoa prices have returned to historical averages but the threat of volatility remains, and national regulators are still managing the fallout. Ghana’s Cocobod has committed...

Sonangol financing: A benchmark in SACE support

Perspective

03 March 2026

Sonangol financing: A benchmark in SACE support

The SACE-backed loan to fund Sonangol’s equity share in the NeGaCo gas project in Angola has marked the first time the ECA has structured such a deal based on the total...

Must See

Video

12 February 2026

Dealmakers: Cenk Olcay Seran, ECC

TXF spoke with Cenk Olcay Seran, director of international development at ECC, to outline the EPC contractor's global footprint, from structuring DFI and ECA-backed debt for renewable projects in the Middle East to working with Ukraine’s government to mobilise private investment to its energy sector.

Perspective

02 March 2026

Cocobod announces plans for reform as cocoa prices crater

Cocoa prices have returned to historical averages but the threat of volatility remains, and national regulators are still managing the fallout. Ghana’s Cocobod has committed to a programme of reform but first it must establish a new funding model that can pay for fresh investment.

Perspective

03 March 2026

Sonangol financing: A benchmark in SACE support

The SACE-backed loan to fund Sonangol’s equity share in the NeGaCo gas project in Angola has marked the first time the ECA has structured such a deal based on the total Italian content for an entire project.