Afreximbank supports Fidelity Bank’s UK expansion with $40m

The African Export-Import Bank has disbursed a $40m Intra-African Investment Facility to support Fidelity Bank Nigeria Plc’s acquisition and recapitalisation of Union Bank UK. The facility, provided in two tranches of $20m each, enabled Fidelity Bank to refinance the acquisition and inject additional equity into the acquired bank. According to the Executive Vice President of

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