Afreximbank’s Insurance Arm Partners Oando to Boost Oil and Gas Operations
AfrexInsure, the specialty insurance subsidiary of the African Export-Import Bank (Afreximbank), has announced a strategic partnership with Oando Plc to provide tailored specialty insurance solutions for the energy company’s operations in Nigeria. The partnership aims to protect Afreximbank’s investment in Oando’s operations, including a $650m financing for Oando’s acquisition of Nigerian Agip Oil Company Assets