Afreximbank disburses $40 million to support Fidelity Bank’s acquisition of Union Bank UK

With this acquisition, Fidelity Bank can birth a new pan-African financial institution capable of providing correspondent banking and offshore banking services to banks in Africa   African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced the disbursement of a US$40-million Intra-African Investment Facility to Fidelity Bank Nigeria Plc (“Fidelity”) to support Fidelity Bank’s acquisition and recapitalization of…