Aircraft
Russia To Fund Commercial Aircraft Presence in Africa
Russian Export Center signs partnership deal with Afreximbank to support aircraft purchases with $20 billion
Russia hopes to market the Sukhoi SSJ100 regional jet in Africa with the help of loan guarantees from Afreximbank. (Photo: Sukhoi Civil Aircraft, Alexey Petrov)
Russia hopes to market the Sukhoi SSJ100 regional jet in Africa with the help of loan guarantees from Afreximbank. (Photo: Sukhoi Civil Aircraft, Alexey Petrov)

A Russian state-owned export development institute has introduced a $20 billion fund to support financing of Russian-made commercial aircraft for African airlines through the Pan African Bank and the African Export-Import Bank (Afreximbank). The Pan African Bank unveiled the special credit facility on April 9 in Nairobi, Kenya.


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