Bank of China provides $350 million loan to Afreximbank for on-lending purposes

$350M USD

Funder	Bank of China (BOC)
Recipient Organization	African Export-Import Bank (Afreximbank)
Country	Africa, regional
Start Date	Sep 01, 2018
End Date	Jan 10, 2030
Duration	4,149 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`89504`

Grant Description

Bank of China provides USD 350 million loan to Afreximbank for on-lending purposes In September 2018, Bank of China and the African Export-Import Bank (Afreximbank) signed a $350 million loan agreement.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

The proceeds of the loan are to be used by the borrower to support bank-to-bank loans, syndicated loans, and trade finance activities.

📚 Sources & References

Afreximbank Says $850 Million From Chinese Financial Institutions Will Boost Support to African Trade
Afreximbank Says $850m Chinese Banks’ Funds Will Enhance African Trade https://tribuneonlineng.com/afreximbank-says-850m-chinese-banks-funds-will-enhance-african-trade/
Africa and China – reinforcing the ties that bind 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.