Access Bank, Afreximbank Sign $170m Caribbean Investment Deal

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Access Bank in partnership with Export Development in Africa (FEDA) signed a $220 million capital mobilisation deal with Afreximbank for investment in the

Group managing director, Access Corporation, Herbert Wigwe, disclosed this at the ongoing 2023 AfriCaribbean trade and investment forum in Georgetown, Guyana.

“We have great news today, Access Bank and the Fund for Export Development in Africa working with Afreximbank will be announcing $220 million in capital mobilisation, which is anchored by Access Bank to invest in the Caribbean or broadly the CARICOM financial services sector. “Access bank is extremely excited, for today to be the beginning of a journey that we know will yield a lot of good fruit, a lot of good growth, yield a lot of trade and further investment between Africa and the Caribbean. I am looking forward to a journey ahead spearheaded by Access bank,” he said.He noted that over the last 10 to 15 years there has been a lot of European banks in particular leaving Africa.

 

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