Levene Energy Development Limited received from the African Export-Import Bank (Afreximbank) a US$64 million acquisition financing facility or 36 billion FCFA. This paves the way for the acquisition of a 30% stake in Axxela Limited, one of the main players in gas and electricity infrastructures in West Africa, according to the announcement made on January 9, 2026 in Abuja, Nigeria.

The financing of AfreximBank allows Levene Energy, through its commitment to the capital of Bluecore Gas Infraco Limited, to enter directly into the regulated segments of transport and distribution of natural gas in Nigeria. This step is major in the strategic transformation of the company, which has a history of specialization in the trading of petroleum and refined petroleum products, towards a model focused on stable and sustainable incomes backed by infrastructure energetics. This investment, beyond the financial aspect, is fully in the regional energy transition goals. Axxela Limited is positioned as a a key player in this transition thanks to its investments in gas infrastructure, power generation and solutions cleaner energies.

For Afreximbank, this transaction is perfect consistent with its strategic priorities, in particular leadership in of global commercial banking, the promotion of intra-African trade and industrialization of the continent.