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Afreximbank

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    • 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
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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

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

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    • 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
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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

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    • 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)
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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

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

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    • 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
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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
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…

Afreximbank

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    • African and Caribbean leaders pose with their commemorative PAPSSCARD after it was launched at the Afreximbank Annual Meetings in Abuja. the PAPSSCARD is the continent’s first Pan-African card scheme
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Source: Afreximbank |

Africa Launches First Pan-African Card Scheme – PAPSSCARD

The new card represents a major leap in Africa’s efforts to achieve financial sovereignty by building resilient and independent payment systems

Africa has marked a significant step towards financial independence following the launch of PAPSSCARD, the continent’s first Pan-African card scheme. Unveiled on June 27 at the 32nd Afreximbank Annual Meetings (www.Afreximbank.com) in Abuja, Nigeria, the new card represents a major leap in Africa’s efforts to achieve financial sovereignty by building…

Afreximbank
Source: Afreximbank |

African and Caribbean leaders to headline Afreximbank’s 32nd Annual Meetings in Abuja, Nigeria

Held under the theme “Building the Future on Decades of Resilience”, AAM2025 will focus on accelerating trade opportunities, driving investment and fostering innovation

The 32nd Annual Meetings (AAM2025) of African Export-Import Bank (Afreximbank) (www.Afreximbank.com) will bring together an influential coalition of global, African and CARICOM leaders in Abuja, Nigeria from 25–27 June 2025. This high-level forum will focus on advancing trade, investment, and innovation across the continent, with Heads of State, Prime Ministers,…

Afreximbank

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    • IATF Roadshow Kenya
    • South Africa Accelerates Drive to Expand Intra-African Trade through African Continental Free Trade Area (AfCFTA)
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Source: Afreximbank |

South Africa Accelerates Drive to Expand Intra-African Trade through African Continental Free Trade Area (AfCFTA)

As reported in Afreximbank’s 2024 African Trade Report, South Africa exported $29.6 billion and imported $9.6 billion from African partners, with intra-African exports comprising 26.8% of total exports

South Africa has reaffirmed its commitment to harnessing the African Continental Free Trade Area (AfCFTA) to unlock new growth opportunities for local businesses and strengthen regional integration. Opening the IATF2025 South Africa Business Roadshow in Johannesburg, Mr. Humphrey Nwugo, Regional Director (Southern Africa) at Afreximbank (https://www.Afreximbank.com/), emphasised the urgency of…