We use cookies to improve your experience. By your continued use of this site you accept such use.
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…

Afreximbank
Source: Afreximbank |

CORRECTION: Bank Al-Maghrib signs up to The Pan-African Payment and Settlement System (PAPSS), Establishing Morocco as its 17th Country of Presence

PAPSS is now present across seventeen countries, along with over 150 commercial banks and 14 switches, and continues to expand its reach and impact across Africa

The Pan-African Payment and Settlement System (PAPSS) is pleased to announce the entry of the Kingdom of Morocco into its growing network, with Bank Al-Maghrib officially signing the PAPSS membership agreement. As a result, Morocco becomes the 17th country of presence, further solidifying the continent’s commitment to financial integration and…

Afreximbank
Source: Afreximbank |

Bank Al-Maghrib signs up to The Pan-African Payment and Settlement System (PAPSS) as Morocco becomes 17th Member Country to join the network

PAPSS now has seventeen countries among its membership, along with over 150 commercial banks and 14 switches, and continues to expand its reach and impact across Africa

The Pan-African Payment and Settlement System (PAPSS) is pleased to announce the entry of the Kingdom of Morocco into its growing network, with Bank Al-Maghrib officially signing the PAPSS membership agreement. As a result, Morocco becomes the 17th country to join the PAPSS network, further solidifying the continent’s commitment to…

Afreximbank

  • Multimedia content

  • Images (1)
    • Executive Vice President, Intra-African Trade and Export Development, Afreximbank, Mrs. Kanayo Awani (centre) poses with speakers at the Nigeria IATF2025 High-Level Business Roadshow in Lagos; Others are (left to right) Special Advisor to the CEO, Bank of Industry, Mr. Leonard Kange; Ambassador of Algeria to Nigeria, H.E. Hocine Mezoued; Executive Director/CEO, Nigeria Export Promotion Council, Ms. Nonye Ayeni; and Managing Director, Nigeria Export-Import Bank Mr. Abubakar Bello
  • All (1)
Source: Afreximbank |

Nigerian business leverage African Continental Free Trade Area (AfCFTA) to grow the country’s intra-African trade opportunities

The Nigeria IATF2025 roadshow is one of the five in a series of five high-level events in key cities including Nairobi, Accra, Johannesburg, and Algiers

Nigeria is working towards fast-tracking implementation of the African Continental Free Trade Area (AfCFTA) to unlock opportunities for businesses in the country across the continent. Nigeria’s Minister of the Federal Ministry of Industry, Trade and Investment, Hon. Jumoke Oduwole noted that intra-African trade has been improving. “Intra African trade exports…

Afreximbank

  • Multimedia content

  • Images (1)
    • Front row (L-R): Mrs Chinelo Oramah, Matron of Afreximbank Spouse Network (ASNET), Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, H.E Bola Ahmed Tinubu (GCFR), President of the Federal Republic of Nigeria, H.E Senator Mrs Oluremi Tinubu (CON), the First Lady of Nigeria, H.E. Olusegun Obasanjo, Former President of Nigeria, and H.E. Brice Oligui Nguema, President of the Republic of Gabon
  • All (1)
Source: Afreximbank |

President Benedict Oramah takes a bow at the Afreximbank Annual Meetings (AAM2025) after a decade of servant leadership

President Tinubu on behalf of the Federal Republic of Nigeria, awarded Prof. Oramah one of Nigeria’s highest state commendations: The Grand Commander of the Order of the Niger (GCON)

Professor Benedict Okechukwu Oramah, CON, President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has taken a bow from serving at the helm of the institution for the last decade; a period that has been touted as transformational and exceptional. While giving his closing…

Afreximbank
Source: Afreximbank |

Afreximbank completes upsizing of reserve-based lending facility for Oando to $375 million

The upsizing will support Oando’s ambition to achieve production of 100,000 barrels of oil per day and 1.5 billion cubic feet of gas per day by the end of 2029

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has successfully completed upsizing its reserve-based lending facility in favour of Oando Oil Limited to US$375 million. The company’s pay down of the original US$525-million facility, secured in 2019, to US$100 million in 2024 created significant headroom for refinancing and enhancing Oando’s financial flexibility. The…