Afreximbank accelerates infrastructure modernization in The Bahamas with $100 million facility to The Bahamas Group
In a transformative boost to the Caribbean’s transportation network, the African Export-Import Bank (Afreximbank) has announced the disbursement of a US$100 million receivables discount facility to Bahamas Striping Group of Companies Ltd (BSGC). This funding is intended to help finance the rehabilitation and construction of more than 200 miles of critical road infrastructure throughout The Bahamas.
Disbursed under a framework agreement signed with the Government of The Bahamas on the sidelines of the 48th Caribbean Heads of Government Conference held in Bridgetown, Barbados in 2025, these funds are expected to allow BSGC to promote a comprehensive overhaul of national infrastructure designed to ensure safer and more sustainable road networks that enhance trade, tourism and logistics across the archipelago.
Afreximbank acted as lender for this transaction, providing facilities arising from government contracts and enabling BSGC to accelerate project implementation and obtain advance financing for completed and approved works that include asphalt paving, road layout, safety improvements and maintenance across multiple islands in The Bahamas.
Commenting on the deal, Okechukwu Ihejirika, Acting Director of Operations at Afreximbank, CARICOM He said the financing reflects Afreximbank’s “steadfast commitment to supporting Africa’s global partners in developing trade-supportive infrastructure.”
“This facility represents an innovative approach to structured finance in trans-regional partnerships and is consistent with our mission to promote a connected global Africa that includes CARICOM. By enabling large-scale road rehabilitation works, we are driving sustainable development and enhancing economic opportunities,” he said.
Mr. Ihejirika The African Export-Import Bank affirmed its commitment to building on the partnerships formed at the Bank’s 2024 Annual Meetings and the African-Caribbean Trade and Investment Forum, held in Nassau, Bahamas, noting that the deal followed the signing of a framework agreement with the Government of the Bahamas.
“We are grateful to Afreximbank for standing with us during every stage of the process, and we are proud that this transaction strengthens our ability to deliver major projects, support our subcontractors and vendors, and expand the scope of opportunities,” he said. Dominik Stroup, CEO, BSGC.
according to Atario Mitchell, President of BSGCA $100 million debt collection facility will enable these local companies to meet their financial obligations, such as paying employees, purchasing materials, and expanding operations.
“This facility gives BSGC the ability to move faster, plan better and execute more reliably across multiple islands,” he said. Mr. Mitchell.
The facility, linked to government-approved contracts, directly contributes to improving road networks including paving, planning and maintenance essential for tourism, trade and community access, while creating job opportunities and enhancing local community empowerment. It is expected to contribute to sustainable economic growth, including increasing the competitiveness of The Bahamas as a trade and tourism hub.
BSGC is an indigenous Bahamian-owned entity established in 2010 and has completed more than 200 projects in the Nassau, Exuma and Eleuthera regions, employing more than 300 people, including subcontractors.
