Afreximbank played a catalytic role, guiding the financing, structuring, and syndication of the $1,75 billion credit line. This amount is intended to ensure sustainable financing for the Angolan oil and gas sector, while simultaneously guaranteeing a robust repayment mechanism for creditors.

In line with the Bank's strategy of supporting African business leaders in strategic sectors, Afreximbank has contributed to the creation of an innovative, low-risk framework that mitigates oil price volatility and facilitates flexible security arrangements.

This financing demonstrates Afreximbank's commitment to supporting African business leaders in the energy sector and safeguarding export capacity, a key element for the macroeconomic sovereignty and trade resilience of Member States.

Through the implementation of innovative structures that provide security to creditors and facilitate traditional security requirements, the bank is thus able to mobilize the necessary capital for strategic sectors.

This line of credit is expected to enable Sonangol to meet its operational and capital needs, strengthening its export-related commercial structures and supporting Afreximbank's objective of increasing Africa's share of world trade by helping to promote exports. commodities decisions.

This transaction will help Sonangol maintain export flows, increase energy availability, and support Angola's industrialization and economic transformation. In this way, it contributes to increasing Africa's participation in world trade and to the country's economic development through the extraction and commercialization of natural resources.

Afreximbank is a pan-African multilateral financial institution with a mandate to finance and promote intra- and extra-African trade.

For over 30 years, the Bank has used innovative structures to offer financing solutions that support the transformation of the African trade structure, accelerating industrialization and intra-regional trade, thus driving economic expansion in Africa.

A staunch supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that has been adopted by the African Union (AU) as a payment and settlement platform to underpin the implementation of the AfCFTA.

In collaboration with the AfCFTA Secretariat and the AU, the Bank established a $10 billion Adjustment Fund to support countries that effectively participate in the AfCFTA. At the end of December 2024, Afreximbank's total assets and contingencies amounted to over $40,1 billion, and its shareholders' funds amounted to $7,2 billion.

Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody's (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-).

Afreximbank has evolved into a group entity that includes the Bank, its equity impact fund subsidiary, the Fund for the Development of African Exports (FEDA), and its insurance management subsidiary, AfrexInsure (collectively, “the Group”). The Bank is headquartered in Cairo, Egypt.

The $1,75 billion credit line agreed between Afreximbank and Sonangol represents a significant step in strengthening the Angolan energy sector and deepening financial solutions led by African institutions.

By combining structured finance, risk mitigation, and direct support for operational and capital needs, the operation is part of a broader strategy to promote economic sovereignty, African trade, and the continent's industrialization.

For Angola, this financing emerges as a key instrument to sustain its export capacity, strengthen its main energy company, and consolidate the country's role in the regional and global energy landscape.