Global Trade Alert
Global Trade Alert

Nigeria: Afreximbank Provides USD 64 million in support for Levene Energy Development Limited

Announcement

09 Jan 2026

In January 2026, the African Export-Import Bank provided a USD 64 million acquisition finance facility to Levene Energy Development Limited. The funding supports the acquisition of a 30% equity stake in Axxela Limited to expand gas and power infrastructure.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

09 Jan 2026

Revocation date:

No revocation date

Updated: 09 Jan 2026
State loan In force

Recent update from 09 Jan 2026:

On 9 January 2026, the African Export-Import Bank (Afreximbank) provided a USD 64 million acquisition finance facility to Levene Energy Development Limited. This facility supports the company's equ...

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