Nassau, Bahamas, February 11, 2026: - In a transformative boost to the Caribbean transportation network, the African Export-Import Bank (Afreximbank) announced the disbursement of a USD 100 million credit line to Bahamas Striping Group of Companies Ltd (BSGC). This funding is intended to assist in the rehabilitation and construction of over 200 miles of essential road infrastructure in The Bahamas.

Disbursed under a Framework Agreement signed with the Government of The Bahamas on the sidelines of the 48th CARICOM Heads of Government Conference, held in Bridgetown, Barbados, in 2025, the funds are expected to enable BSGC to proceed with extensive national infrastructure renovation, aimed at ensuring safer and more durable road networks that will boost trade, tourism, and logistics throughout the archipelago.

Afreximbank was the lender for the transaction, providing the line of credit arising from government contracts and enabling BSGC to accelerate project execution and receive advance funding for completed and certified works, which include asphalt paving, road signage, safety improvements, and maintenance on several islands in the Bahamas.

Commenting on the transaction, Mr. Okechukwu Ihejirika, Acting Director of Operations at Afreximbank, CARICOM, said the financing reflected Afreximbank’s “unwavering commitment to supporting Global Africa partners in developing trade-facilitating infrastructure.”

“This line of credit represents an innovative approach to structured financing in inter-regional partnerships and is aligned with our mandate to promote an interconnected Global Africa that encompasses CARICOM. By enabling these extensive road rehabilitation works, we are driving sustainable development and improving economic opportunities,” he said.
Mr. Ihejirika reiterated Afreximbank's commitment to building on the partnerships established at the Bank's 2024 Annual Meetings and the Afro-Caribbean Trade and Investment Forum, held in Nassau, Bahamas, noting that the transaction followed the signing of a Framework Agreement with the Government of the Bahamas.

“We are grateful to Afreximbank for supporting us every step of the way and are proud that this transaction will strengthen our ability to execute large projects, support our subcontractors and suppliers, and expand opportunities,” said Mr. Dominic Sturrup, Executive Chairman of BSGC.

According to Mr. Atario Mitchell, Chairman of BSGC, the $100 million credit line for accounts receivable factoring will allow these local companies to meet their financial obligations, such as paying employees, acquiring materials, and expanding operations.
“This line of credit gives BSGC the ability to act more quickly, plan better, and execute with even greater reliability across multiple islands,” said Mr. Mitchell.
The line of credit, tied to government-approved contracts, directly contributes to the improvement of road networks, including paving, signage, and maintenance essential for tourism, commerce, and community access, while also creating jobs and promoting the empowerment of the local community. It is expected to contribute to sustainable economic growth, including increased competitiveness for The Bahamas as a commercial and tourism hub.

BSGC is a Bahamian indigenous entity founded in 2010 and has completed over 200 projects in the Nassau, Exuma, and Eleuthera regions, employing over 300 people, including subcontractors.