Afreximbank Deepens Ties With Suriname, Backs $1.7 Bn Oil Financing and New Development Projects

Afreximbank is expanding its engagement in Suriname, with financing commitments spanning the energy sector, trade facilitation, and industrial development, following high-level talks on the sidelines of the 80th United Nations General Assembly.

Prof. Benedict Oramah, President and Chairman of Afreximbank, met with Suriname’s President, Dr. Jennifer Geerlings-Simons, to advance collaboration and align with the country’s national development priorities.

The discussions highlighted Afreximbank’s role in a $1.7 billion financing package for Staatsolie, enabling the state-owned oil company to secure a 20 percent stake in Offshore Oil Block 58 alongside TotalEnergies. The deal ranks among the bank’s largest commitments in the Caribbean and is seen as pivotal for Suriname’s nascent offshore energy sector.

Talks also covered the bank’s broader support for Suriname’s financial institutions, including correspondent banking services and trade finance lines aimed at strengthening liquidity and regional integration.

In addition, Afreximbank outlined potential cooperation under its $5 billion Local Content Facility, which seeks to boost domestic participation in key industries, and discussed opportunities linked to the proposed wood processing industrial park as part of Suriname’s drive to diversify its economy.

The initiatives underscore Afreximbank’s growing footprint in the Caribbean and its strategy to leverage African-Caribbean partnerships for resource development, industrialization, and trade finance.

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