CDB provides $500 million loan to Afreximbank for on-lending purposes

$500K USD

Funder	China Development Bank (CDB)
Recipient Organization	African Export-Import Bank (Afreximbank)
Country	Africa, regional
Start Date	Sep 01, 2018
End Date	Feb 09, 2026
Duration	2,718 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`89503`

Grant Description

CDB provides $500 million loan to Afreximbank for on-lending purposes In September 2018, China Development Bank (CDB) and the African Export-Import Bank (Afreximbank) signed a $500 million loan agreement.

📋 Loan / Grant Terms

💰 Loan Amountcarried a maturity period of 10 years and an unknown interest rate

The proceeds of the loan were to be used by the borrower to on-lend in support of African energy, telecommunication, and transportation projects.

📚 Sources & References

Base Offering Memorandum
Registration Document
China Development Bank
Afreximbank in $500 Million Agreement to Support Africa’s Trade Infrastructure
Afreximbank Says $850 Million From Chinese Financial Institutions Will Boost Support to African Trade
China Loans to Africa Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.