Saturday, January 18, 2020

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D. African Export-Import Bank

On May 9, 2011 the African Export-Import Bank (Afreximbank) announced the creation of a USD 100 million fund to recapitalize Zimbabwean companies that can be accessed through four institutions: TN Bank, FBC Bank, BancAbc and NMB Bank. On August 1, 2011, the bank announced it would disburse up to USD 620 million in emergency one-year funding to Ivory Coast's main oil refinery on Monday to enable it to buy crude. The 80,000 barrel per day (bpd) SIR refinery, one of the biggest in sub-Saharan Africa, supplies fuel domestically and exports to West African countries; however, it has suffered crippling financial problems.

Vernellia R. Randall
Founder and Editor
Professor Emerita of Law
The University of Dayton School of Law

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