Afreximbank Bahamas road funding has been confirmed through a US$100 million receivables discounting facility for Bahamas Striping Group of Companies Ltd in The Bahamas.
Announced in Nassau on 11 February 2026, the financing supports over 200 miles of road rehabilitation and construction. The transaction reflects Global Africa cooperation linking African trade finance institutions with Caribbean infrastructure delivery.
Afreximbank Expands Global Africa Infrastructure Partnerships
Afreximbank announced the disbursement of a US$100 million Receivables Discounting Facility to Bahamas Striping Group of Companies Ltd (BSGC). The funding supports financing tied to government-approved road contracts across The Bahamas. As a result, project execution can move forward faster across several islands.
The facility was disbursed under a Framework Agreement signed with the Government of The Bahamas on the sidelines of the 2025 CARICOM Heads of Government conference. Consequently, the structure connects cross-regional finance with practical infrastructure delivery. It also reinforces Afreximbank’s Global Africa partnership model linking Africa and the Caribbean.
- US$100 million structured facility approved
- Framework agreement with Bahamas government
- Cross-regional Global Africa financing link
Road Rehabilitation Across Multiple Bahamian Islands
The Afreximbank Bahamas road funding supports rehabilitation and construction of more than 200 miles of road infrastructure. Works include asphalt paving, road striping, safety upgrades and ongoing maintenance across the archipelago. Therefore, transport corridors used for tourism, trade and daily mobility receive targeted upgrades.
BSGC has completed more than 200 projects across Nassau, Exuma and Eleuthera since its founding in 2010. In addition, the company employs over 300 people including subcontractors. This delivery base supports rapid scaling of current works.
Bahamas Road Modernisation Scope and Delivery
| Financing size | US$100 million receivables discounting facility |
| Delivery company | Bahamas Striping Group of Companies Ltd |
| Road coverage | Over 200 miles of rehabilitation and construction |
| Work types | Paving, striping, safety enhancements and maintenance |
Structured Finance Model Supports Contractor Cash Flow
The facility is structured around receivables arising from government contracts. Afreximbank acts as lender and enables advance funding against completed and certified works. As a result, BSGC can maintain liquidity while continuing project delivery.
According to the announcement, the model allows earlier access to funds tied to verified project milestones. Therefore, contractors can pay employees, suppliers and subcontractors on schedule. It also supports material purchases and operational planning.
- Funding linked to certified works
- Advance liquidity for contractors
- Support for payroll and materials
Trade, Tourism and Logistics Benefits for Island Economies
Improved road networks directly support tourism flows, freight movement and community access across island regions. Moreover, safer and more durable roads reduce disruption and improve route reliability. These upgrades connect local infrastructure with wider trade and service networks.
From a Global Africa perspective, the transaction shows how African multilateral finance can support partner regions beyond the continent. In turn, cross-regional infrastructure cooperation strengthens trade-enabling systems between Africa and Caribbean economies.
Executive Statements on Global Africa Cooperation
Afreximbank and BSGC leaders described the facility as a structured cross-regional partnership tool. They linked the financing to Global Africa cooperation and local contractor capacity building. Furthermore, they highlighted operational speed and vendor support benefits.
Stakeholder Comments
Okechukwu Ihejirika, Acting COO Afreximbank CARICOM said:
“This facility represents an innovative approach to structured finance in cross-regional partnerships and aligns with our mandate to foster a connected Global Africa that encompasses CARICOM.” By enabling these extensive road rehabilitation works, we are driving sustainable development and enhanced economic opportunities.
Dominic Sturrup, Executive Chairman of BSGC said:
“We are grateful to Afreximbank for standing with us through every stage of the process, and we are proud that this transaction strengthens our ability to execute major projects.” It also supports subcontractors, vendors and expanded delivery capacity.
Atario Mitchell, President of BSGC said:
“This facility gives BSGC the ability to move faster, plan better, and execute with even greater reliability across multiple islands.” It supports employee payments, materials purchases and operational expansion.
In a Nutshell
Afreximbank Bahamas road funding illustrates how African-led financial institutions are extending structured infrastructure finance into Global Africa partner regions. The facility links cross-regional trade finance with on-the-ground transport upgrades in a Caribbean island economy.
Consequently, the model highlights practical cooperation between African and CARICOM frameworks.
At the same time, the programme supports road safety, logistics efficiency and contractor capacity in The Bahamas. Cross-regional infrastructure finance of this type can therefore strengthen transport foundations that support trade, tourism and local economic activity.
Sources: Afreximbank. Distributed by APO Group on behalf of Afreximbank.
Prepared by Ivan Alexander Golden, Founder of THX News, an independent news organization delivering timely insights from global official sources. Combines AI-analyzed research with human-edited accuracy and context.