Chad Education Ministry, World Bank discuss PARCA Project Integration

N’DJAMENA — April 27, 2025 —

In N’Djamena, Chad, the Education Ministry and the World Bank convened to address the pivotal *PARCA project* integration. the discussions, held on April 25, 2025, centered on how to incorporate PARCA schools into the existing Chadian education system. Attended by key figures, the meeting aimed to bolster Chad’s educational infrastructure, promising improved outcomes. Read on to learn more about the outcomes of these discussions.

The African Export-Import Bank (Afreximbank) has been ranked number one in all three categories in the latest Bloomberg Africa Capital Markets Rankings [Bloomberg Capital Markets League Tables Report]. Afreximbank is ranked number one as mandated lead arranger, bookrunner and administrative agent for loans to borrowers in Sub-Saharan Africa. These rankings recognize the leading role played by the Bank in facilitating capital from within and outside the continent, from a diverse range of investors and stakeholders, to meet financing needs Member States and African organizations.

Topping these prestigious rankings in all three categories simultaneously, for the first time in its 30-year history, is a testament to the Bank’s remarkable growth, its systemic importance on the continent and its leadership position in African loan markets. Despite the challenges that the African syndicated loan market faced in 2023, with relatively low volumes at US$32 billion and a total of only 82 loans closed during the year, the rankings reflect the unwavering commitment of Afreximbank to fulfill its mandate.

In particular, the Bank has almost doubled its market share in the Mandated Lead Arranger (MLA) and Bookrunner categories, from 8% and 9% in 2022 to an impressive 19% and 14% in 2023, respectively. In the Loan Agency category, Afreximbank retained a significant market share of 15%, while achieving a remarkable milestone by securing the position of number one facility agent for the very first time. The Bank’s specialist team is committed to increasing the provision of security agency and trustee services for these loans and is actively managing some of the continent’s largest loans.

These statistics reflect Afreximbank’s central role in proactively intervening to address the financing gap in various industrial sectors and recognize the Bank’s continued leadership in mobilizing and leveraging African capital from within and international investors from outside the continent from a diverse range of investors and stakeholders to meet the financing needs of African borrowers.

Afreximbank’s increase in market share is particularly notable in the challenging oil and gas and sovereign financing sectors. Key financings facilitated by the Bank in 2023 include the US$1.3 billion Gleam project for the Angolan Ministry of Finance, the largest “green loan” in Africa to date; the partial pre-financing of the US$2.7 billion multi-source financing for the Tanzania Ministry of Finance and Planning, which supports the development of Lots 3 and 4 of the Eastern Highway. The partial pre-financing of the US$2.7 billion multi-source financing for the development of Lots 3-4 of the standard gauge railway supported by the Ministry of Finance and Planning of Tanzania; the US$1.3 billion annual facility for Angolan national oil company Sonangol; and an initial commitment of US$2.25 billion from the US$3.3 billion Crude Oil Prepayment Facility to the Nigerian National Oil Company (NNPC).

Professor Benedict Oramah, Chairman of Afreximbank and the Bank’s Board of Directors, commented on these results:

“These exceptional rankings in Bloomberg’s league tables underscore Afreximbank’s commitment to driving economic growth and facilitating capital flows across the African continent, while reflecting our resilience and ability to weather challenging conditions. difficult market. The success of our rankings is a testament to the hard work and commitment of my colleagues and reinforces our position as a trusted financial partner for African organizations. We look forward to meeting their financing needs for years to come.”

Bloomberg Capital Markets Leaderboards feature the leading arrangers, bookrunners and advisors for a wide range of transaction types in the financial sector, including loans, bonds, equities and M&A transactions .

2024-03-04 18:47:46
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