The African Export-Import Bank (Afreximbank) has disbursed a US$100 million receivables discounting facility to Bahamas Striping Group of Companies Ltd (BSGC) to fund the rehabilitation and construction of more than 320 kilometres of road infrastructure across The Bahamas.
The funding marks a major boost in Africa–Caribbean financial collaboration and fast-tracks critical infrastructure upgrades aimed at improving connectivity, road safety, and economic competitiveness across the archipelago.
The facility, stemming from a framework agreement signed with the Government of The Bahamas during the 48th CARICOM Heads of Government Conference in 2025, will enable BSGC to accelerate national road upgrades—including asphalt paving, road striping, safety enhancements, and maintenance—while supporting local employment and boosting commerce, tourism, and logistics across multiple islands.
Afreximbank acted as the lender, allowing BSGC to receive advance funding for completed and certified works. Okechukwu Ihejirika, acting COO for CARICOM at Afreximbank, said the deal reflects the bank’s commitment to developing trade-enabling infrastructure in cross-regional partnerships.
“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,” he said.
BSGC executive chairperson Dominic Sturrup added that the funding “strengthens our ability to execute major projects, support our subcontractors and vendors, and scale opportunities.”
Atario Mitchell, BSGC’s president, noted that the facility would help Bahamian companies meet financial obligations such as paying employees, purchasing materials, and expanding operations.
Founded in 2010, BSGC has completed more than 200 projects across Nassau, Exuma, and Eleuthera and employs more than 300 people, including subcontractors.
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