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Moscow targets Africa with airplanes in Nairobi pitch
Former Afreximbank president Jean-Louis, ex-Kenya Airways CEO Titus Naikuni and Finance director Alex Mbugua when they signed a financing deal in 2012. FILE PHOTO | NMG
A Pan-African bank on Monday unveiled a special credit facility to support airlines and governments seeking funds to buy Russian-made commercial aircraft.
African Export-Import Bank (Afreximbank) global head of client relations Rene Awambeng said it had struck a deal with the Russian Export Sector (REC) where African-based operators will be funded to make the purchases.
