Oando seals underwriting pact with Afreximbank’s insurance subsidiary

Oando Plc has entered into a strategic partnership with AfrexInsure, the specialty insurance subsidiary of African Export-Import Bank (Afreximbank), the bank disclosed in a statement issued in Cairo on Monday.

The deal allows AfrexInsure to provide critical risk management solutions to Oando by ensuring that the lender’s investment in the energy company’s Nigerian operations is adequately protected.

Afreximbank stated that the synergy will boost Oando’s resilience, promote…