Search
Login
North Africa
Central Africa
East Africa
West Africa
Southern Africa

Afreximbank Lends $40 Million to Nigeria’s Fidelity Bank for UK Acquisition

Subscriber only Subscriber only
Allen dreyfus Logo
© Allen Dreyfus

Dulue Mbachu

Dulue Mbachu, an experienced journalist, covers business and politics for Allen Dreyfus.
  • Afreximbank funds $40 million loan in two instalments to acquire and recapitalise Union Bank UK
  • Move aims to bolster Africa-focused banking services and enhance financial integration

 

Abuja, Nigeria – The African Export-Import Bank (Afreximbank) has announced a $40 million loan to Fidelity Bank Nigeria, to support its acquisition of Union Bank UK, as part of its international expansion programme.

You need an active subscription to continue reading this article.

Free Trial

Recent Business

Islamic Architecture Mosque in Dakar, Senegal. Photo by Yacoub Ethmane @ Pexels
Senegal seeks $3.2bn from diaspora as debt hits 119% of GDP
16/09/2025
12 hours ago
Brandon Orion Mensah
Read More »
A civilian on the street of Libreville, Gabon. Photo @ Unsplash
Gabon returns to market with $89mn bond issue
16/09/2025
14 hours ago
Kingsley Kobo
Read More »
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Can fiscal restraint shield Ghana from another debt spiral?
16/09/2025
16 hours ago
Evans Effah
Read More »
Stay ahead with Real time Updates

Recent Politics

Steel factory. Photo by Peter Herrmann @ Unsplash
Nigeria’s steel dreams still idle after billions spent
16/09/2025
18 hours ago
Ruth Tene
Read More »
Youths in Nigeria protest against brutalities Photo by Ayoola Salako @ Unsplash
Nigeria inflation slows to 20.12% in August, fuelling rate cut hopes
15/09/2025
1 day ago
Dulue Mbachu
Read More »
Nairobi, Kenya © Unsplash
Kenya-Somalia tensions threaten vital khat trade
12/09/2025
4 days ago
Wanderi Kamau
Read More »

Latest Posts

Latest news insights

Islamic Architecture Mosque in Dakar, Senegal. Photo by Yacoub Ethmane @ Pexels
Read More »
Senegal seeks $3.2bn from diaspora as debt hits 119% of GDP
A civilian on the street of Libreville, Gabon. Photo @ Unsplash
Read More »
Gabon returns to market with $89mn bond issue
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Read More »
Can fiscal restraint shield Ghana from another debt spiral?
Steel factory. Photo by Peter Herrmann @ Unsplash
Read More »
Nigeria’s steel dreams still idle after billions spent
A civilian on the street of Libreville, Gabon. Photo @ Unsplash
Read More »
Gabon returns to market with $89mn bond issue
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Read More »
Can fiscal restraint shield Ghana from another debt spiral?
Steel factory. Photo by Peter Herrmann @ Unsplash
Read More »
Nigeria’s steel dreams still idle after billions spent
Ethio Telecom Headquarter in Ethiopia. Photo by Hawi Getachew @ Unsplash
Read More »
Ethiopia, Denmark seal $238mn deal for green growth push
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Read More »
Can fiscal restraint shield Ghana from another debt spiral?
Steel factory. Photo by Peter Herrmann @ Unsplash
Read More »
Nigeria’s steel dreams still idle after billions spent
Ethio Telecom Headquarter in Ethiopia. Photo by Hawi Getachew @ Unsplash
Read More »
Ethiopia, Denmark seal $238mn deal for green growth push
Youths in Nigeria protest against brutalities Photo by Ayoola Salako @ Unsplash
Read More »
Nigeria inflation slows to 20.12% in August, fuelling rate cut hopes