Africa: Afreximbank Accelerates Bahamas Infrastructure Modernization With U.S.$100-Million Facility to Bahamas Striping Group
Afreximbank has provided a $100 million funding facility to Bahamas Striping Group to modernize crucial road infrastructure in The Bahamas.
Afreximbank has made significant strides in enhancing the transportation network of the Caribbean by disbursing a US$100 million Receivables Discounting Facility to Bahamas Striping Group of Companies Ltd (BSGC). This funding specifically aims to finance the rehabilitation and construction of more than 200 miles of essential road infrastructure throughout The Bahamas. This initiative is particularly notable as it was formalized through a Framework Agreement with the Government of The Bahamas during the 48th Conference of Heads of Governments of Caricom held in Bridgetown, Barbados in 2025.
The significance of this funding cannot be overstated, as it is expected to catalyze a comprehensive national infrastructure overhaul. The funds will enable BSGC to not only accelerate the execution of crucial projects but also ensure that the road networks are safer and more durable. This is essential for enhancing commerce, tourism, and logistics within the archipelago, thereby completing a vital part of the region's development goals.
Afreximbank's role as the lender highlights the bank's commitment to supporting Caribbean infrastructure improvement through financing mechanisms based on government contracts. The successful channeling of these funds towards infrastructure rehabilitation signifies a strengthening of economic ties between Africa and the Caribbean, reinforcing the principle that investment in infrastructure can lead to transformative development for communities across nations.