The African Bank import-export (Afreximbank), in collaboration with other arrangers main mandates, announced that it had successfully concluded a syndicated facility of the purchase of receivables in the amount of 1.75 billion US dollars in in favor of Sonangol, the national oil company of Angola. The announcement has was made through a press release published on January 28, 2026 in Cairo, in Egypt.

This financing strategic aims to meet Sonangol's forecasting needs in terms of operating and capital expenses, while strengthening commitment by Afreximbank in favor of African financing solutions dedicated to growth, industrialization, economic autonomy and sovereignty of the continent.

Afreximbank played a central catalytic role in structuring, financing and syndication of this facility, based on the strength of its balance sheet. The device set up aims to ensure sustainable financing of the oil sector and Angolan gas company, while offering lenders repayment guarantees solid and adapted to the profile of the sector.

According to the press release, this operation is fully in line with the Bank's strategy to support African champions operating in strategic sectors. Afreximbank has thus contributed to the development of an innovative structure of risk management, designed to mitigate the impact of price volatility in oil, while offering greater flexibility in the mechanisms of safety.

The facility of 1.75 billion US dollars will allow Sonangol to secure its needs operational and investment, in particular through the strengthening of trade mechanisms based on exports. She also supports Afreximbank's ambition to increase Africa's share in trade worldwide and to consolidate exports of strategic products with strong added value.

“This facility Syndicated debt repurchase agreement in the amount of 1.75 billion US dollars illustrates Afreximbank's commitment to supporting African champions of energy and to maintain export capacities essential to the macroeconomic sovereignty and the commercial resilience of its states members,” said Haytham ElMaayergi, executive vice president of Afreximbank in charge of the Global Trade Bank. He pointed out that the establishment of innovative financing structures that balance security for lenders and flexibility of guarantees, makes it possible to mobilize capital essential to development of the continent's strategic sectors.