{"id":477202,"date":"2023-03-22T09:31:07","date_gmt":"2023-03-22T09:31:07","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=477202"},"modified":"2023-03-22T09:31:13","modified_gmt":"2023-03-22T09:31:13","slug":"afreximbank-enhances-financing-facility-for-fidelity-bank-plc-from-us125-million-to-us180-million","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2023\/03\/22\/afreximbank-enhances-financing-facility-for-fidelity-bank-plc-from-us125-million-to-us180-million\/","title":{"rendered":"Afreximbank enhances financing facility for Fidelity Bank plc, from US$125 million to US$180 million"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>\n<p>African Export-Import Bank (Afreximbank) has announced the enhancement of the financing facility provided to Fidelity Bank plc, Nigeria under the Afreximbank Trade Facilitation Programme (AFTRAF).<\/p>\n\n\n\n<p>The decision to increase Afreximbank&#8217;s support is consistent with the economic and commercial success of the financing facility, the first US$125 million of which has been fully utilised by Fidelity Bank. The expansion to US$180 million was also bolstered by the continued strong financial performance of Fidelity Bank, Nigeria&#8217;s largest Tier 2 bank.<\/p>\n\n\n\n<p>The augmented financing facility will allow Fidelity Bank to scale up and accelerate its activities and programmes in trade and related activities.<\/p>\n\n\n\n<p><strong>Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank<\/strong>,&nbsp;commented:<\/p>\n\n\n\n<p>\u201cFidelity Bank has proven its ability to make smart use of this type of financing, with consequent benefits for the Nigerian economy. Afreximbank is keen to support a leading African bank that supports African businesses and entrepreneurs.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>African Export-Import Bank (Afreximbank) has announced the enhancement of the financing facility provided to Fidelity Bank plc, Nigeria under the Afreximbank Trade Facilitation Programme (AFTRAF). The decision to increase Afreximbank&#8217;s support is consistent with the economic and commercial success of the financing facility, the first US$125 million of which has been fully utilised by Fidelity<\/p>\n","protected":false},"author":527180,"featured_media":477206,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12046,12065],"tags":[2360,744],"class_list":{"0":"post-477202","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-leaders-en","8":"category-press-releases","9":"tag-afreximbank","10":"tag-fidelity-bank-plc","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Afreximbank enhances financing facility for Fidelity Bank plc, from US$125 million to US$180 million - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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