Afreximbank signed landmark agreements with Shelter Afrique Development Bank and Midstream and Downstream Gas Infrastructure Fund during the just concluded Intra-African Trade Fair in Algiers, Algeria.
by Blue Africa News
A Joint Project Preparation Facility (JPPF) framework is expected to unlock more than US$1 billion in cumulative investments to boost logistical infrastructure, housing and urban development projects across Africa.
This, is according to a framework agreement signed between the African Export-Import Bank (Afreximbank) and Shelter Afrique Development Bank (ShafDB), during the just concluded Intra-African Trade Fair (IATF2025) in Algiers, Algeria.
While JPPF will support a range of sectors, it places much impetus on logistical platforms such as industrial zones and special economic zones.
“This partnership aligns with our shared vision of promoting economic growth and enhancing the quality of projects on the continent. We are poised to unlock new opportunities and deliver transformative projects in critical sectors that will amongst other benefits establish economic hubs and platforms that will promote trade and tradeable services,” said Oluranti Doherty, Managing Director, Afreximbank in a statement.
The bank’s capacity-building program, she noted, will equip ShafDB staff with essential project preparation skills, ensuring sustainable project pipelines in the years to come.
On his part, Thierno-Habib Hann, Managing Director and CEO, ShafDB said JPPF will among others, provide early-stage project preparation financing, “helping projects move from concept to bankability.”
“The Joint Project Preparation Facility will enable us to move projects from concept to bankability with speed and precision, unlocking over $1 billion in investments. This is a transformative step toward building resilient, inclusive, and sustainable cities across Africa.”
JPPF is not the only deal inked by Afreximbank at the IATF2025. The pan-African financial institution also entered a Memorandum of Understanding (MoU) with Midstream and Downstream Gas Infrastructure Fund (MDGIF), to establish a collaborative framework aimed at promoting, developing and improving gas infrastructure in Nigeria.
According to a press release from the bank, the MoU emphasises private sector-led delivery models and aligns with both institutions’ mandates and strategic priorities, with Afreximbank and MDGIF working together to mobilise up to US$ 500 million over a four-year period to support midstream and downstream gas infrastructure projects.
“This MoU marks a significant milestone in our shared commitment to accelerating Africa’s economic transformation. By combining Afreximbank’s deep expertise in trade and project finance with MDGIF’s national investment reach, we are poised to unlock new opportunities for inclusive growth and sustainable development across Nigeria and, potentially, across the West Africa sub-region,” noted Mrs Kanayo Awani, Executive Vice President – Intra-African Trade and Export Development at Afreximbank.
“Anchored on our statutory mandate under the Petroleum Industry Act and aligned with President Bola Ahmed Tinubu’s agenda to harness Nigeria’s gas resources for industrialisation and economic growth, this partnership with Afreximbank enables MDGIF to mobilise capital, expand critical midstream and downstream infrastructure, reduce flaring, and deliver sustainable energy solutions that power industries, create jobs, and improve livelihoods across Nigeria,” added Oluwole Adama, Executive Director of MDGIF.
The two institutions collaborate in joint identification and prioritization, project preparatory support, equity financing, promotion and advocacy, stakeholders and capacity building.
Oliver Ochieng, Blue Africa News