African Export–Import Bank (Afreximbank), a pan-African multilateral financial institution, has signed four major project preparation deals during its 32nd Annual Meetings. These agreements are expected to unlock nearly $1 billion in investments across Africa. A 500MW power plant is planned in Nigeria, while Zimbabwe will host the continent’s largest hybrid solar project. In Kenya, a pharmaceutical manufacturing facility is being developed. A priority sector development facility has also been signed with NBS Bank in Malawi. Afreximbank said the deals were intended to reduce investment risks and support infrastructure and industrial development.