Afreximbank backs Fidelity Bank’s UK expansion with $40m facility

The African Export-Import Bank ( Afreximbank) has disbursed a $40m Intra-African Investment Facility to back Fidelity Bank Nigeria Plc’s acquisition and recapitalisation of Union Bank UK. The facility, provided in two tranches of $20m each, enabled Fidelity Bank to refinance the acquisition and inject additional equity into the acquired bank. The Executive Vice President of [...]The post Afreximbank backs Fidelity Bank’s UK expansion with $40m facility first appeared on Business Hallmark.

Read More