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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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Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

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

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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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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