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Afreximbank delivers solid first half 2025 results, in line with expectations

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Afreximbank

Afreximbank’s on-balance sheet and contingent items closed H1’2025 at US$42.5 billion, representing a growth of 6.0% over the position as at 31 December 2025 (FY’2024)

Afreximbank Group reported satisfactory performance in the first half of 2025, demonstrating agility and resilience despite operating in a challenging environment

CAIRO, Egypt, September 2, 2025/APO Group/ –African Export-Import Bank Group (Afreximbank/Group) (www.Afreximbank.com) has released its consolidated financial statements for the six months ended 30 June 2025 (H1’2025).

 

Amid heightened geopolitical tensions, persistent inflationary pressures, currency volatility, and tighter global financing conditions, the Afreximbank Group delivered, once again, satisfactory results for the first half of the year (H1’2025). This performance, which surpassed that of the 2024 comparative period, reflected higher net income, a robust liquidity position, and strengthened capital buffers, positioning the Group to better fulfil its mandate across its member states in Africa and the Caribbean Community.

Gross income grew by 2.04% over the comparative period, reaching US$1.6 billion for the H1’2025. Net interest income stood at US$835.9 million, representing a 1.17% increase over the prior period. This modest growth was achieved despite the decline in global benchmark rates, largely reflecting the Group’s efficient management of funding costs. Gross fee and commission income arising from unfunded activities, including issuance of guarantees, letters of credit (contingent liabilities) and provision of advisory services amounted to US$61.9 million.

Notwithstanding the 21% increase in operating expenses, the Group maintained a very favourable cost-to-income ratio of 19%, broadly in line with the historical levels, and well below the strategic ceiling of 30%. The increase in expenses was mainly driven by the implementation of strategic initiatives, and the recruitment of additional staff to support the Group’s growing activities and inflationary pressures,

Afreximbank’s on-balance sheet and contingent items closed H1’2025 at US$42.5 billion, representing a growth of 6.0% over the position as at 31 December 2025 (FY’2024). Loans and advances (the portfolio) stood at US$27.7 billion (FY’2024: US$29.0 billion). This reported decrease in the loans and advances portfolio was on account of early repayments by some sovereign borrowers, who benefited from stronger commodity prices and improved foreign currency positions. With non-performing loans (NPLs) at 2.48% for H1’2025 (FY’2024: 2.33%), the quality of the portfolio remained sound and well within prudent levels. The Bank’s liquidity ratio improved significantly to close the period at 22% (FY’2024:13%) as cash and cash equivalents held amounted to US$8.3 billion (FY’2024:US$4.6 billion).

Shareholders’ funds increased to US$7.3 billion (FY’2024:US$7.2billion), driven by internally generated profits of US$412.7 million and fresh equity inflows under the ongoing General Capital Increase II. A total dividend of US$350 million in respect of FY’2024 was appropriated following shareholders’ approval at the last AGM held in June 2025.

Afreximbank is also delighted to welcome Dr. George Elombi, who was unanimously approved by shareholders at our Annual General Meeting in June 2025 as the fourth President and Chairman of the Board of Directors succeeding Professor Benedict Oramah who completes his second term in office in October 2025. This appointment comes after Dr. Elombi’s distinguished career with the Bank, spanning nearly three decades, where he currently serves as Executive Vice President in charge of Governance, Legal, and Corporate Services.

Mr. Denys Denya, Afreximbank’s Senior Executive Vice President, commented:

“Afreximbank Group reported satisfactory performance in the first half of 2025, demonstrating agility and resilience despite operating in a challenging environment. The Group continued to support member states with innovative financial solutions, leveraging on a robust capital base, access to capital markets as reflected in the healthy liquidity position and Management’s excellent knowledge of the African and Caribbean markets. Management’s unwavering commitment to its developmental mandate, advancing Africa’s and the Caribbean region’s development through trade, industrialisation and economic integration, remain the cornerstone of the Group’s success.

The Group’s fundamentals remain strong, and management continues to focused on delivering long-term value to all stakeholders, while safeguarding Africa’s financial sovereignty.”

Highlights of the results for the Group are shown below:

Financial Performance Metrics

H1’2025

H1’2024

Gross Income (US$ million)

1 588.2

1 556.5

Net Income (US$ million)

412.7

407.7

Return on average equity (ROAE)

11%

13%

Return on average assets (ROAA)

2.22%

2.52%

 

Cost-to-income ratio

19%

17%

 

 

Financial Position Metrics

H1’2025

FY’2024

Total on balance sheet assets and contingencies (US$ billion)

42.5

40.1

Total Assets (US$ billion)

37.7

35.3

Total Liabilities (US$ billion)

30.4

28.1

Shareholders’ Funds (US$ billion)

7.3

7.2

Net asset value per share

US$70,140

US$69,695

 

Non-performing loans ratio (NPL)

2.48%

2.33%

 

Cash/Total assets

22%

 

13%

 

Capital Adequacy ratio (Basel II)

24%

24%

 

Distributed by APO Group on behalf of Afreximbank.

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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Etu Energias

As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

Distributed by APO Group on behalf of Energy Capital & Power.

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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Energy

The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

Distributed by APO Group on behalf of Energy Capital & Power.

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