{"id":100637,"date":"2026-04-10T12:42:41","date_gmt":"2026-04-10T12:42:41","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/afreximbank-shields-country-with-n167-billion"},"modified":"2026-04-10T12:59:26","modified_gmt":"2026-04-10T12:59:26","slug":"afreximbank-shields-country-with-n167-billion","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/afreximbank-shields-country-with-n167-billion","title":{"rendered":"Afreximbank Shields Country With N$167 Billion"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>The African Export-Import Bank (Afreximbank) has made N$167.3 billion (US$10 billion) available to all member states, including Namibia.<\/b><\/p>\n

The initiative, known as the Gulf Crisis Response Programme (GCRP), is set to help African countries deal with the effects of the war in the Middle East that has pushed food, transport and oil prices up.<\/p>\n

Namibia remains a net importer of several critical commodities that have been directly impacted by the disruption of the Strait of Hormuz.<\/p>\n

With the GCRP now active, Namibian commercial banks and corporates can tap into a specialised pool of liquidity to ensure that the supply of fuel, liquid nitrogen gas and fertilisers remains uninterrupted.<\/p>\n

Afreximbank president George Elombi says the programme is not just a temporary fix.<\/p>\n

\u201cThe programme will support African countries in adjusting smoothly while strengthening their resilience to future shocks through interventions that transform the structure of their economies,\u201d says Elombi.<\/p>\n

As of going to print, Brent crude had fallen nearly 15% to between US$94 to US$95 per barrel.<\/p>\n

This sharp decline follows news of a two-week ceasefire between the United States (US) and Iran, which raised hopes for reduced supply disruptions.<\/p>\n

The US and Iran reached an agreement to open the Strait of Hormuz after president Donald Trump threatened to kill \u201ca whole civilization\u201d on Tuesday, referring to bombing Iran.<\/p>\n

For More News And Analysis About Namibia<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. The African Export-Import Bank (Afreximbank) has made N$167.3 billion (US$10 billion) available to all member states, including Namibia. The initiative, known as the Gulf Crisis Response Programme (GCRP), is set to help African countries deal with the effects of the war in the Middle East that has pushed food, transport and oil […]<\/p>\n","protected":false},"author":84,"featured_media":100636,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233],"class_list":["post-100637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-namibia"],"yoast_head":"\nAfreximbank Shields Country With N$167 Billion - Namibia<\/title>\n<meta name=\"description\" content=\"The African Export-Import Bank (Afreximbank) has made N$167.3 billion (US$10 billion) available to all member states, ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/afreximbank-shields-country-with-n167-billion\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Afreximbank Shields Country With N$167 Billion\" \/>\n<meta property=\"og:description\" content=\"The African Export-Import Bank (Afreximbank) has made N$167.3 billion (US$10 billion) available to all member states, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/afreximbank-shields-country-with-n167-billion\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-10T12:42:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-10T12:59:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2026\/04\/sm_1775813186.68575.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"431\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/afreximbank-shields-country-with-n167-billion#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/afreximbank-shields-country-with-n167-billion\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Afreximbank Shields Country With N$167 Billion\",\"datePublished\":\"2026-04-10T12:42:41+00:00\",\"dateModified\":\"2026-04-10T12:59:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/afreximbank-shields-country-with-n167-billion\"},\"wordCount\":235,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/afreximbank-shields-country-with-n167-billion#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2026\/04\/sm_1775813186.68575.jpg\",\"keywords\":[\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/afreximbank-shields-country-with-n167-billion#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/afreximbank-shields-country-with-n167-billion\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/afreximbank-shields-country-with-n167-billion\",\"name\":\"Afreximbank Shields Country With N$167 Billion - 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