We use cookies to improve your experience. By your continued use of this site you accept such use.
Afreximbank
Source: Afreximbank |

No more missed opportunities: Strengthening Africa-Caribbean trade and investment in an era of Global Trade Disruption (By Pamela Coke-Hamilton and Benedict Oramah)

With the longstanding sociocultural history shared by the two regions, the time is ripe to forge far deeper ties through mutually beneficial, trade-led economic growth and development

By Pamela Coke-Hamilton, Executive Director, International Trade Centre, and Benedict Oramah, President and Chairman, Afreximbank (www.Afreximbank.com).  The share of bilateral exports between Africa and the Caribbean, despite extensive shared history, has never surpassed 6%, according to an ITC and African Export-Import Bank (Afreximbank) study, leaving much room for growth of up…

Afreximbank

  • Multimedia content

  • Images (1)
    • Haytham Elmaayergi, Executive Vice President, Global Trade Bank, Afreximbank (with folder, left) exchanges the signed agreement with Mr. Buah Saidy, Governor of Central Bank of The Gambia after the two organisations inked the deal at the 32nd Afreximbank's Annual Meetings in Abuja, Nigeria
  • All (1)
Source: Afreximbank |

Afreximbank to avail $75 million to Central Bank of The Gambia in a cross-currency swap

The cross-currency swap is expected to support the construction and rehabilitation of both rural and urban road networks, reinforcing the Gambia’s commitment to building a more connected, productive and inclusive economy

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has signed an agreement to avail a US$75-million five-year cross-currency swap to the Central Bank of The Gambia (CBG) for the financing of strategic projects undertaken in The Gambia by the Government, through the National Roads Authority (NRA). The agreement, signed in Abuja, Nigeria, as…

Afreximbank

  • Multimedia content

  • Images (1)
    • Outgoing Afreximbank President Prof. Benedict Oramah with incoming President Dr. George Elombi
  • All (1)
Source: Afreximbank |

Afreximbank Shareholders Approve Key Resolutions and Reaffirm Support for Preferred Creditor Status

Shareholders also approved the expansion of the Bank’s Concessional Finance Window, increasing its capital allocation from USD 1 billion to USD 5 billion

At the 32nd Annual General Meeting of Shareholders of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), held as part of the Bank’s 2025 Annual Meetings in Abuja, Nigeria, from 25 to 28 June 2025, shareholders approved a series of key resolutions aimed at strengthening the Bank’s strategic direction, financial resilience, and governance. Among…

Afreximbank

  • Multimedia content

  • Images (3)
    • Mrs. Kanayo Awani with the NBS Malawi executives
    • Mrs. Kanayo Awani with Dr Dhirren Thaker, Founder & CEO of Med Aditus Pharmaceutical Kenya Ltd
    • Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development, Afreximbank with Mr Eddie Cross – Chairperson, Green Hybrid Power Pvt Ltd
  • All (3)
Source: Afreximbank |

Afreximbank Annual Meetings record project preparation deals expected to unlock about US$ 1.0 billion in investments

AAM2025 took place from 25 to 28 June and attracted an estimated 8,000 participants, including presidents, prime ministers, ministers and business leaders, from across Africa, the Caribbean and beyond

The 32nd Annual Meetings of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), also known as AAM2025, witnessed a flurry of deal signings with four project preparation transactions signed between the Bank and various entities that are expected to unlock investments valued at about US$ 1.0 billion. In an agreement signed by Mrs.…

Afreximbank

  • Multimedia content

  • Images (1)
    • Professor Benedict Oramah recognised for long service as Export Trading Group (ETG), TRACE, KCB and CBZ toast award success at 32nd Afreximbank Annual Meetings
  • All (1)
Source: Afreximbank |

Professor Benedict Oramah recognised for long service as Export Trading Group (ETG), TRACE, KCB and CBZ toast award success at 32nd Afreximbank Annual Meetings

The Pan-African Business and Development Awards, held annually during the Afreximbank Annual Meetings, are designed to celebrate and recognise transformative businesses and financial institutions within the African continent and in the diaspora

Key Highlights The third edition of the Pan-African Business and Development Awards has recognised and celebrated leading businesses on the continent and in the diaspora in alignment with Afreximbank’s push for a promotion of a Global Africa Marking his distinguished tenor, Professor Benedict Oramah, outgoing Afreximbank President, was honoured with…

Afreximbank

  • Multimedia content

  • Images (1)
    • L-R: Dr. The Most Honourable Andrew Holness, Prime Minister of Jamaica, The Honourable Kamina Johnson Smith, Minister of Foreign Affairs and Foreign Trade of Jamaica, Mr Okechukwu Ihejirika, Ag. Chief Operating Officer of Afreximbank Caribbean Regional Office and Prof. Benedict Oramah GCON, President and Chairman of the Board of Directors of Afreximbank pose after Jamaica signed Afreximbank’s establishment agreement
  • All (1)
Source: Afreximbank |

Jamaica accedes to Afreximbank, strengthening ties to Global Africa

Jamaica’s accession marks a major achievement in the growth of Global Africa: an intercontinental partnership committed to economic transformation and self-determination for African nations and their diaspora

Jamaica has officially acceded to the Establishment Agreement of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), becoming the 13th Caribbean Community (CARICOM) Member State of the African Multilateral Financial Institution. The historic signing took place on the sidelines of the 49th Regular Meeting of the Conference of Heads of Government of the…

Afreximbank

  • Multimedia content

  • Images (1)
    • President Benedict Oramah speaks during the launch of the second edition of his book ‘Foundations and Evolutions of Structured Trade Finance’ in Abuja, Nigeria on June 25, 2025
  • All (1)
Source: Afreximbank |

Afreximbank President Launches New Edition of Structured Trade Finance Book at 32nd Annual Meetings

Updated publication expands on real-world applications of structured trade finance, including supply chain finance, reserve-based lending, and fintech integration

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) launched the second edition of Foundations and Evolution of Structured Trade Finance, a landmark publication on a specialised field of trade finance shaped by decades of real-world application. Authored by Professor Benedict O. Oramah, President and Chairman of the Board of Directors of Afreximbank and a…

Afreximbank

  • Multimedia content

  • Images (1)
    • Algeria’s Minister of Foreign Trade and Export Promotion, H.E. Prof. Kamal Rezig (third right) with other leaders during the Algeria Intra-African Trade Fair (IATF) 2025 Business Roadshow in Algiers. They are (from left), H.E Ms. Baleka Mbete (founder of NaLHISA and former Deputy President of the Republic of South Africa); Mr. Jean Louis-EKRA (former President of Afreximbank and Deputy Chair of the Intra-African Trade Fair Advisory Council); H.E Zitouny El-Tayeb (Minister of Internal Trade); H.E. Selma Mansouri (Secretary of State to the Minister of Foreign Affairs, in charge of African Affairs); H.E. Chief Olusegun Obasanjo (Chairman of IATF2025 Advisory Council and former President of the Federal Republic of Nigeria) and Mrs Kanayo Awani (Executive Vice-President, Intra-African Trade & Export Development, Afreximbank)
  • All (1)
Source: Afreximbank |

Algeria deepens trade ties with other African countries as it gears up for Africa’s biggest marketplace

IATF provides a platform for businesses to showcase goods and exchange trade and investment information within the continent’s single market

Algeria is working towards increasing its share of trade with other African countries by tapping into opportunities created by the African Continental Free Trade Area (AfCFTA). In a keynote address during the Algeria Intra-African Trade Fair (IATF) 2025 Business Roadshow, Algeria’s Minister of Foreign Trade and Export Promotion, H.E. Prof.…

Afreximbank
Source: Afreximbank |

African Continental Free Trade Area (AfCFTA) Adjustment Fund Credit Fund closes its first deal – US$ 10 million investment in Telecel Global Services Ltd

By investing in digital infrastructure in underserved markets, the Fund is helping reduce trade barriers, foster cross-boarder productivity and accelerate inclusive industrialisation

The Credit Fund of the AfCFTA Adjustment Fund has successfully closed its first investment, committing US$10 million to Telecel Global Services Ltd, through a senior secured amortising loan. The transaction marks a significant milestone in the operationalisation of the Fund. The Credit Fund is one of three Funds under the…

Afreximbank

  • Multimedia content

  • Images (1)
    • Pan-African Payment and Settlement System (PAPSS) and Interstellar unveil African Currency Marketplace eliminating $5 Billion trade bottleneck
  • All (1)
Source: Afreximbank |

Pan-African Payment and Settlement System (PAPSS) and Interstellar unveil African Currency Marketplace eliminating $5 Billion trade bottleneck

The PAPSS African Currency Marketplace jointly developed by PAPSS and Interstellar, enables the direct exchange of African currencies without passing through hard currencies

Building on the successful rollout of its groundbreaking continental payment infrastructure, the Pan-African Payment and Settlement System (PAPSS), in strategic collaboration with Interstellar, a leading African deep-tech company, have announced the launch of the PAPSS African Currency Marketplace (PACM). The launch was announced on the sidelines of the 2025 Afreximbank…