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Afreximbank
Source: Afreximbank |

Nigeria Unlocks Intra-African Trade with New Pan-African Payment & Settlement System (PAPSS) Policy Boost

The announcement also empowers commercial banks to source foreign exchange for PAPSS through Nigeria’s Foreign Exchange market

The Pan-African Payment & Settlement System (PAPSS) warmly welcomes the new circular from the Central Bank of Nigeria (CBN), announcing a significant streamlining of documentation requirements for PAPSS transactions in Nigeria. This progressive policy, announced on 28 April 2025, sets the stage for faster, more cost-effective, and more inclusive participation…

Afreximbank
Source: Afreximbank |

Ozwald Boateng OBE steals the spotlight at Met Gala 2025, celebrating 40 years of dazzling design

Cultural Icons Strut in Show-Stopping Looks for “Superfine: Tailoring Black Style”

The red carpet just got a seismic glow-up! British-Ghanaian fashion legend Ozwald Boateng OBE storms the 2025 Met Gala, marking his 40th year as a global style icon with a breathtaking showcase of bespoke looks for the Metropolitan Museum of Art’s exhibition, Superfine: Tailoring Black Style. With his signature blend of African authenticity, Savile Row…

Afreximbank

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    • Winners of CANEX Shorts 2024 — Winners of the 2024 CANEX Shorts (from left): Francis Y. Brown (Ghana) in the Best Animation category, Brian Obra (Kenya) in the Best Documentary category and Esenaga Mbwe (Botswana) in the Best Fiction category. The 2025 edition of the short film competition has been unveiled by Creative Africa Nexus (CANEX), an intervention by African Export–Import Bank (Afreximbank)
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Source: Afreximbank |

Afreximbank’s Creative Africa Nexus (CANEX) unveils third edition of short film competition

Filmmakers between the ages of 18 and 35 years can enter the competition for a chance to win a cash prize of $2,000 for outstanding work in each of the competition’s three categories: Best Fiction, Best Documentary, and Best Animation

Creative Africa Nexus (CANEX), an intervention by African Export–Import Bank (Afreximbank) (www.Afreximbank.com) has announced the third edition of its vibrant short film competition, CANEX Shorts, that is designed to recognise and celebrate talents of young filmmakers from Africa and the Diaspora.   Filmmakers between the ages of 18 and 35 years…

Afreximbank

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    • Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development at Afreximbank with Mr. Calixte Tabangoli, Chief Executive Officer of Banque Postale du Congo during the signing ceremony
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Source: Afreximbank |

Afreximbank extends EUR15-million factoring line of credit to Banque Postale du Congo

The facility builds on a strong and evolving partnership between Afreximbank and BPC, which began in 2018 with an initial EUR 5million facility

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has signed a EUR 15 million Factoring line of credit agreement with Banque Postale du Congo (BPC) in Cairo. The facility will provide liquidity to BPC for factoring supplier invoices accepted by eligible buyers, as well as  for engaging in cross-border factoring. Speaking at the…

Afreximbank
Source: Afreximbank |

Afreximbank launches US$ 1 Billion Africa Film Fund to transform the continent’s creative industry

The Fund will play a pivotal role in promoting the production and global distribution of high-quality films and TV series, further amplifying Global Africa’s cultural influence across the world

African Export-Import Bank (Afreximbank) (www.Afreximbank.com), through its development impact investment arm, the Fund for Export-Development in Africa (FEDA), has committed to spearhead the launch of the Africa Film Fund (‘the Fund’) as part of its Creative Africa Nexus Programme (CANEX). This transformative undertaking of up to US$1 billion is designed…

Afreximbank

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    • Steering Committee meeting of the Partenariat pour le Coton (PPC), a global platform established to support transformation and value addition in the cotton-textile-garment (CTG) sector in developing countries
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Source: Afreximbank |

Afreximbank sees opportunities in the cotton sector as it hosts partnership’s steering committee

As a member of the C4+ initiative, Afreximbank is committed to supporting African countries to move up the cotton value chain – transforming raw cotton into textiles and clothing

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) recently hosted a two-day meeting of the Steering Committee of the Partenariat pour le Coton (PPC), a global platform established to support transformation and value addition in the cotton-textile-garment (CTG) sector in developing countries. With an initial focus on the C4+ countries (Benin, Burkina Faso,…

Afreximbank
Source: Afreximbank |

Afreximbank announces specialized African Continental Free Trade Area (AfCFTA) training to empower African businesses

Scheduled to take place in Abuja, Nigeria, from June 30 to July 2, 2025, the training program is designed to provide businesses with practical policy-relevant insights into the AfCFTA’s evolving regulatory and institutional landscape

To enable African businesses to fully capitalise on the opportunities presented by the African Continental Free Trade Area (AfCFTA), African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced a specialized training program designed to equip enterprises with a deep understanding of the agreement’s commercial implications and transformative potential. Scheduled to take place…

Afreximbank
Source: Afreximbank |

Afreximbank launches US$3 Billion Revolving Intra-African Oil Import Financing Programme

This programme seeks to leverage the growing refining capacity that Afreximbank has helped establish across the continent, while aligning with the objectives of the African Continental Free Trade Area (AfCFTA) agreement

To address Africa's persistent reliance on imported refined petroleum products, which accounted for an amount of US$30billion annually in petroleum import costs due to inadequate refining, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has launched a US$3 Billion Revolving Intra-African Oil Trade Financing Programme to finance the purchase of refined petroleum products…

Afreximbank
Source: Afreximbank |

CORRECTION: Afreximbank delivered exceptional 2024 financial performance, cementing its position as a systemic pan-African trade finance institution

Afreximbank reported strong financial performance despite a complex global economic landscape marked by geopolitical tensions, inflationary pressures, and elevated interest rate

African Export-Import Bank (“Afreximbank” or the “Group”) (www.Afreximbank.com) has released the consolidated financial statements of the Bank and its subsidiaries, for the year ended 31 December 2024. Financial Highlights Afreximbank reported strong financial performance despite a complex global economic landscape marked by geopolitical tensions, inflationary pressures, and elevated interest rate, posting…

Afreximbank

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    • Prof. Benedict Oramah, President and Chairman of the Board of Directors, Afreximbank (front row, seventh from left) H.E. Dr Mohamadou Labarang Dean of the African Ambassadors’ Group, Egypt (sixth from left), Mr. Tamer Taha, Adviser to the Minister of Planning, Economic Development and International Cooperation, Arab Republic of Egypt (eight from left), Mrs. Kanayo Awani, Executive Vice President of Intra-African Trade and Export Development at Afreximbank (fourth left) with Ambassadors from various African countries during the Focus Africa event
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Source: Afreximbank |

Afreximbank Hosts Inaugural FOCUS Africa Trade and Investment Forum to strengthen economic integration in Africa

FOCUS Africa will address key investment challenges and unlock high-impact opportunities across multiple sectors, including agribusiness, technology, infrastructure, logistics, energy, manufacturing, mining, tourism, and the blue economy

The African Export-Import Bank (Afreximbank) (www.Afreximbank.com), in collaboration with the Ministry of Planning, Economic Development and International Cooperation (MoPEDIC) of Egypt and the Group of African Ambassadors in Cairo, is hosting the inaugural FOCUS Africa Trade and Investment Forum from 15 to 16 April 2025 at the Dusit Thani Hotel,…