{
  "id": 19658956,
  "title": "Afreximbank Opens $2bn Financing Window for Cross River, Other African States",
  "url": "https://urgent.news/2026/11/12/afreximbank-opens-2bn-financing-window-for-cross-river-other-african",
  "topic": "world",
  "section": "World",
  "published": "2026-11-12T13:05:03.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/11/12/afreximbank-opens-2bn-financing-window-for-cross-river-other-african-states/"
  },
  "original_language": "en",
  "account": "Afreximbank has established a $2 billion financing window to support Cross River State and other African sub-sovereign governments in funding projects aimed at transforming their economies. Dr. Gainmore Zanamwe, the Director of Trade Facilitation and Investment Promotion at Afreximbank, announced this during a media briefing prior to the 6th African Sub-Sovereign Governments Network Investment Conference, set to take place in Calabar from November 12 to 14. Zanamwe assured that the $2 billion is readily available and dismissed concerns that funding is a barrier to development on the continent. He emphasized that the bank would use the conference to educate participating states on accessing the facility and practical sessions on identifying, developing, and packaging projects to meet financial institutions' and investors' requirements. Zanamwe stressed that the quality and bankability of the projects presented by the states would determine access to the funding, advising governments to develop clear economic visions and identify priority sectors before approaching investors. He highlighted two primary methods for raising capital: developing bankable projects to attract financing from institutions like Afreximbank and preparing investment pitch decks to generate interest among potential investors. Zanamwe also advocated for greater intra-African investment through the Africa Direct Investment initiative, encouraging investors from within Africa to enjoy the same incentives as those from outside the continent. The conference will provide a platform for governors and other state representatives to present their investment projects to prospective financiers and investors, with over $3 billion in investment opportunities facilitated in the past five years through the initiative.",
  "summary": "Bassey Inyang in Calabar The African Export-Import Bank (Afreximbank) has opened a $2 billion financing facility for Cross River State and other African sub-sovereign governments to fund bankable projects capable",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}