November 29, 2024 - 18:42
Cape Town, South Africa, 29 November 2024: On November 5, a significant agreement was reached in Cape Town, South Africa, where a $100 million Revolving Trade Finance Facility was signed to support oil trader JE Energy Limited. This facility is aimed at bolstering the execution of crude oil export contracts in the Republic of Guyana.
The partnership between Afreximbank and JE Energy Limited is expected to enhance the operational capabilities of the oil trader, allowing for more efficient management of its contracts in the burgeoning Guyanese oil sector. This financial support comes at a crucial time as Guyana continues to emerge as a key player in the global oil market, with increasing production and export potential.
The agreement underscores Afreximbank's commitment to facilitating trade and investment across Africa, particularly in sectors that show significant growth potential. Stakeholders anticipate that this collaboration will not only benefit JE Energy but also contribute to the broader economic development of Guyana.
September 3, 2025 - 03:03
Trump Misreads Economic Risks Amid Court RulingsIn a recent statement, former President Donald Trump expressed concerns that a court`s dismissal of his emergency tariffs would be `ruinous` for the economy. However, many analysts argue that his...
September 2, 2025 - 05:32
The Rise of Tokenization: Expanding Investment OpportunitiesThe tokenization of real assets is revolutionizing the investment landscape, providing new alternatives for a diverse range of investors. Industry experts Elliot Refson and Philip Pirecki emphasize...
September 1, 2025 - 20:05
WLFI Tokens Launch with a $6.4 Billion ValuationThe trading debut of the WLFI tokens, associated with the Trump family, has stirred significant attention within the cryptocurrency market. These tokens, which have a total nominal value of $6.4...
September 1, 2025 - 07:09
Enhancing Climate Finance in Africa through Project-Based GuaranteesAfrica is at a pivotal moment in addressing climate change, with the need for innovative financial instruments becoming increasingly urgent. Among the most underutilized yet effective tools in...