Afreximbank leads $1.75 billion financing for Sonangol in major energy deal
African Export-Import Bank has completed a $1.75 billion syndicated receivables purchase facility for Sonangol, marking one of the largest African-led financings in Angola’s oil and gas sector.
The transaction was arranged in collaboration with other mandated lead arrangers and is designed to support Sonangol’s operating requirements and capital investments while strengthening export-linked trade structures.
Afreximbank said the facility aligns with its broader mandate to expand African participation in global trade by deploying financing models that prioritize sustainability, sovereignty, and long-term economic resilience.
![[L-R] Mr Osvaldo Inácio, Board Member of Sonangol, Mr Haytham Elmaayergi, Executive Vice President of Global Trade Bank at Afreximbank and Mr Gaspar Martins, Chairman of the Board of Directors and President of Sonangol.](http://ourdailynewsonline.com/wp-content/uploads/2026/01/Sonangol.jpg)
Structured financing supports energy stability and exports
The bank played a central balance-sheet-led role in structuring, underwriting, and syndicating the facility, ensuring strong repayment protection while maintaining flexibility for the borrower. The financing incorporates innovative risk-mitigation mechanisms that reduce exposure to oil price volatility and ease conventional collateral requirements.
According to Afreximbank, the structure is intended to provide reliable funding to Angola’s energy sector while encouraging broader lender participation in African commodity-backed trade finance.
The facility is expected to help Sonangol maintain production levels, meet capital expenditure commitments, and reinforce Angola’s role as a key exporter of strategic energy resources.
Deal aligns with Afreximbank trade mandate
Haytham Elmaayergi, Executive Vice President of Global Trade Bank at Afreximbank, said the transaction demonstrates the institution’s commitment to safeguarding Africa’s export capacity and supporting national energy champions.
He said the financing will help sustain export flows, enhance energy availability, and contribute to Angola’s industrial development, while reinforcing Africa’s presence in global trade value chains.
Afreximbank said the transaction supports broader economic objectives by enabling resource extraction, strengthening export earnings, and promoting industrialisation and value creation across the Angolan economy.
