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Afreximbank

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    • Afreximbank and Somalia government officials pose for a photo following an official visit by the Bank to the country
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Source: Afreximbank |

Somalia joins Afreximbank as it seeks to boost Intra-African trade and economic growth

Somalia’s membership of Afreximbank is a significant milestone that places the country on a path of sustainable economic transformation, upgrading of the country’s trade and industrial infrastructure

Somalia has formally acceded to the Establishment Agreement of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), becoming the 53rd African member state of the African multilateral financial institution and bringing the Bank closer to its goal of broadening its product offerings to all parts of the continent.   In the instrument of accession…

Afreximbank

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    • Creative Africa Nexus (CANEX) announces 2nd Edition of The Prize for Publishing in Africa (1)
    • Creative Africa Nexus (CANEX) announces 2nd Edition of The Prize for Publishing in Africa (2)
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Source: Afreximbank |

Creative Africa Nexus (CANEX) announces 2nd Edition of The Prize for Publishing in Africa

The prize is open to trade books published by Africa-domiciled publishers in the year preceding the prize, in one or more of the official languages of the African Union: Arabic, English, French, Portuguese, Spanish, Swahili, and any other African language

Creative Africa Nexus (CANEX), an intervention by African Export–Import Bank (Afreximbank) (www.Afreximbank.com) invites African publishers of trade books to apply for the second edition of the CANEX Book Factory Prize for Publishing in Africa. The initiative, developed in partnership with Narrative Landscape Press Limited, underscores the commitment of Afreximbank through…

Afreximbank

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    • Deputy Chairman of the IATF Advisory Council and former President of Afreximbank, Mr. Jean Louis-Ekra (in the middle), Algeria’s Minister of External Trade and Export Promotion, Hon. Mohammed Boukhari (second right), Mrs. Kanayo Awani, Executive Vice President Intra-African Trade and Export Development at Afreximbank (second left) and Mr. Albert Kan-Dapaah, representing H.E. Wamkele Mene, Secretary-General of the AfCFTA Secretariat (left) and Ms. Salma Mansouri, Secretary of State, for African matters, Republic of Algeria (right)
    • Algeria steps up preparations for the Intra-African Trade Fair 2025 (IATF2025) as six-month countdown starts
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Source: Afreximbank |

Algeria steps up preparations for the Intra-African Trade Fair 2025 (IATF2025) as six-month countdown starts

IATF is a platform for boosting trade and investment in Africa and aims to tap into opportunities from AfCFTA’s single market of over 1.4 billion people and a GDP of over US$3.5 trillion

Preparations are on course for the Intra-African Trade Fair 2025 (IATF2025), Africa’s premier trade and investment event that will be held in Algiers, Algeria from 4th to 10th September 2025. With only six months to go until IATF2025, the Government of the People’s Democratic Republic of Algeria in conjunction with…

Afreximbank

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    • FEDA Chief Executive Officer, Marlene Ngoyi with Ambassador Philip Rukikaire, Head of Regional Peace and Security Department at the Ministry of Foreign Affairs, Uganda
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Source: Afreximbank |

Uganda joins Afreximbank’s Fund for Export-Development in Africa (FEDA) as 21st Member State

Over the past four years, Afreximbank has approved over $813 million in financing for Uganda’s public and private sectors, with a pipeline in exceeding US$ 1 billion in pending approvals

The quest to broaden the scope of interventions by the Fund for Export-Development in Africa (FEDA), African Export-Import Bank’s (Afreximbank) (www.Afreximbank.com) development impact investment arm, into all corners of the continent reached a major milestone today with the signing of the Fund’s Establishment Agreement by Uganda. With Uganda’s accession, FEDA…

Afreximbank

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    • Image on the left: Mr. Paul Russo, Group Managing Director of KCB; Mr. Mike Ogbalu, CEO of PAPSS; Hon. Lee Kinyanjui, Cabinet Secretary Ministry of Investments, Trade and Industry, during the KCB launch event of PAPSS in Nairobi on 27th of February. Image on the right: Mr. Mike Ogbalu, CEO of PAPSS and Dr. Diane Karusisi, CEO of Bank of Kigali, during the Bank of Kigali launch event of PAPSS in Kigali on the 26th of February
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Source: Afreximbank |

KCB Group and Bank of Kigali launch Pan-African Payment and Settlement System (PAPSS), enabling seamless and affordable cross-border payments across Africa

With this launch, businesses and individuals can benefit from faster, more cost-effective, and secure payments without relying on correspondent banks or third-party currencies

The Pan-African Payment and Settlement System (PAPSS), launched by African Export-Import Bank (Afreximbank) (www.Afreximbank.com) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, has recorded a significant milestone in its journey towards enhancing financial integration and economic prosperity across Africa with the…

Afreximbank
Source: Afreximbank |

ARISE IIP secures $450 million Afreximbank facility for industrial parks, Special Economic Zones development

ARISE IIP will deploy the remaining US$ 150 million to develop an industrial park in Lilongwe, Malawi, and as trade finance for the activities of its export trading company in Malawi under Afreximbank’s Export Agriculture for Food Security initiative

In a significant move aimed at boosting industrial development across Africa, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) signed a US$450 million global credit facility with ARISE IIP, the leading pan-African developer and operator of world-class industrial parks. This financing will support the development of industrial parks and Special Economic Zones (SEZ),…

Afreximbank

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    • Afreximbank and Kenyan government ink milestone agreements to promote industralisation
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    • President William Ruto of Kenya and President Benedict Oramah of Afreximbank during the signing of multiple agreements on industrialisation in Mombasa, Kenya
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Source: Afreximbank |

Afreximbank and Kenyan government ink milestone agreements to promote industralisation

Afreximbank will finance the development and operationalisation of industrial parks (IPs) and special economic zones (SEZs) to bolster the country’s industrialisation and export manufacturing

Afreximbank to finance development and operationalisation of industrial parks and special economic zones to bolster industralisation and export manufacturing Afreximbank also commits to three-year US$3 billion Kenya country programme to support trade and trade-related investments African Export-Import Bank (Afreximbank) (www.Afreximbank.com), Africa’s foremost trade development Bank, today in Mombasa, Kenya, ratified…

Afreximbank

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    • Beyond Finance, Afreximbank's Impact Stories series spotlights Africa's growth and economic potential
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Source: Afreximbank |

Beyond Finance, Afreximbank's Impact Stories series spotlights Africa's growth and economic potential

Filmed across six countries and sectors, the inaugural season consists of six episodes that showcase some of Afreximbank’s development impact through inspiring short documentary-style films

Afreximbank (www.Afreximbank.com) is pleased to announce the launch of its new documentary series titled – Impact Stories, which aims to showcase the development impact of the Bank’s interventions across various sectors and countries on the continent and in the diaspora. Season One of the series consists of six episodes which went…

Afreximbank
Source: Afreximbank |

CARICOM Development Fund and Afreximbank Sign Grant Agreement to Establish Green, Resilience and Sustainability Facility

By offering flexible financial solutions, the fund empowers CARICOM member states to invest in critical infrastructure, climate adaptation projects, and sustainable development initiatives

The CARICOM Development Fund (CDF) and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) have signed a €708,000 Grant Agreement to support the development of a Green, Resilience, and Sustainability Facility (GRSF). The agreement was formalized during the plenary session of the 48th Regular Meeting of the Conference of Heads of Government of CARICOM,…

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    • African Leaders Unite to Mobilize African Investment and Financing for Implementing Agenda 2063
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Source: Afreximbank |

African Leaders Unite to Mobilize African Investment and Financing for Implementing Agenda 2063

Discussions centered on innovative strategies for mobilizing African capital, strengthening financial institutions, and leveraging the role of African Multilateral Financial Institutions (AMFIs) in financing critical development sectors

On the sidelines of the 38th Ordinary Session of the Assembly of the African Union Summit in Addis Ababa, Ethiopia, African Heads of State, Government and Business Leaders convened for a Presidential Breakfast Dialogue to address the continent’s financing and investment gaps. The event was held under the theme “Africa…