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| Chairman, Heirs Holdings Group, Mr. Tony Elumelu andPresident of African Export-Import Bank(Afreximbank), Dr. Benedict Oramah, during the signing of $600 million Facility Deal between Afreximbank and Heirs Holdings Group to scale Heirs Holding’s Energy Investments in Africa…….. in Cairo, Egypt on Tuesday |
As a further demonstration of the African Export-Import Bank’s (“Afrexim”) mandate to facilitate the growth of intra-Africa trade and support the development of African businesses, Afrexim today, signed financing facilities totalling US$600 million with the Heirs Holdings Group, a pan-African proprietary investment holding company. Heirs Holdings has significant investments across Africa, in the financial services, resources, real estate and hospitality and power sectors. The facilities will further support the Group’s power, oil and gas strategy, as it positions itself as an African leader in integrated natural resources. The signing ceremony took place at the Afrexim Intra-Africa Trade Conference taking place in Cairo, Egypt.
