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Afreximbank

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    • Mr. Paul Russo (from left), Group CEO KCB Group PLC; Ms. Oluranti Doherty, Managing Director Export Development, Afreximbank and Mr. George Olaka, CEO Arise IIP-Kenya during the signing of the US$800 million funding deal for Vipingo Special Economic Zone (SEZ) in Kilifi County. They are flanked by Mr. Gagan Gupta (left), Founder and CEO Arise IIP, H.E. William Ruto, President of the Republic of Kenya and Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank
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Source: Afreximbank |

KCB and Afreximbank in Joint Funding Deal to Operationalize Vipingo Special Economic Zone (SEZ)

Afreximbank and KCB Group will provide initial funding amounting to US$ 500 million and US$ 300 million, respectively towards the initiative

KCB Group and pan-African multilateral development bank, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) have entered a Memorandum of Understanding (MOU) aimed at providing financial and trade facilitation support to investors operating in the Vipingo Special Economic Zone (SEZ) in Kilifi County. Under the agreement, Afreximbank and KCB Group will provide initial…

Afreximbank
Source: Afreximbank |

Afreximbank’s Africa Research and Innovation Hub (ARIH) seeks to unlock US$70 billion annual economic gains for Africa

The hub is structured to address the low investment in research and development (R&D) in Africa and the continent’s underperformance in research output

The African Research and Innovation Hub (ARIH) that was recently launched by African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is seeking to unlock up to US$70 billion annually in economic gains for Africa by boosting innovation-driven sustainable growth. ARIH is expected to catalyse technological sovereignty, intra-African trade, sustainable growth and structural transformation…

Afreximbank

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    • The Intra-African Trade Fair 2025 (IATF2025) kicks off in Algiers as leaders call for acceleration in Intra-African trade
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Source: Afreximbank |

The Intra-African Trade Fair 2025 (IATF2025) kicks off in Algiers as leaders call for acceleration in Intra-African trade

The event is co-convened by African Export-Import Bank (Afreximbank), the African Union Commission and the AfCFTA Secretariat, and is projected to facilitate trade and investment deals worth over US$44 billion

Africa’s premier trade and investment event, the Intra-African Trade Fair 2025 (IATF2025), officially opened in Algiers with calls for African countries to accelerate growth in Intra-African trade and boost economic integration. Addressing delegates including African and Caribbean leaders, and business executives who graced IATF2025’s official opening ceremony in Algiers, the…

Afreximbank

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    • Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank and Prime Minister, Hon. Dickon Mitchell pictured alongside distinguished African and Caribbean leaders—past and present—at the official opening of ACTIF2025 in St. George’s, Grenada
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Source: Afreximbank |

Global Africa Commission Proposed as the fourth AfriCaribbean Trade and Investment Forum (ACTIF2025) Opens in Grenada

ACTIF2025 continues through 30 July, with panel discussions, business matchmaking sessions, cultural showcases, and deal signings that reflect the Forum’s commitment to moving from rhetoric to results

US $290M in deals signed, advancing infrastructure, tourism and trade across the Caribbean on Day 1 CARICOM leaders to recommend region’s highest honour for Oramah’s role in transforming ties US $250M Resilience Fund, CAPSS rollout, and feasibility of Caribbean EXIM Bank among key initiatives championed The fourth AfriCaribbean Trade and…

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
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

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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

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    • Afreximbank Launches 2025 Report on African Trade in a Shifting Global Financial Landscape
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Source: Afreximbank |

Afreximbank Launches 2025 Report on African Trade in a Shifting Global Financial Landscape

The report shows that Africa’s total merchandise trade recovered, surging by 13.9% in 2024, to US$1.5 trillion, following a 5.4% contraction in 2023

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) today launched its flagship African Trade Report 2025, themed “African Trade in a Changing Global Financial Architecture”, during the Afreximbank Annual Meetings (AAM2025) in Abuja. Download Document: https://apo-opa.co/3FY7kKJ The report looks at the performance of Africa’s trade in a challenging global environment charaterised by rising geopolitical tensions, new trade…

Afreximbank

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    • Prof. Benedict Oramah, Afreximbank's President and Chairman of the Board of Directors and Dieudonné Evou Mekou, President of BDEAC display folders containing the signed agreements
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Source: Afreximbank |

Banque de Développement des États de l'Afrique Centrale (BDEAC) secures EUR 100-million trade finance facility from Afreximbank

Prof. Benedict Oramah, Afreximbank's President and Chairman of the Board of Directors, signed for the Bank, while Dieudonné Evou Mekou, President of BDEAC, signed for his organization

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has signed an agreement to provide the Banque de Développement des États de l'Afrique Centrale (BDEAC) with EUR 100-million trade finance facility to support critical regional integration projects in the Central African Economic and Monetary Community (CEMAC). The facility would also support the upgrading of…

Afreximbank
Source: Afreximbank |

Afreximbank Announces 2025 AfriCaribbean Trade and Investment Forum to Accelerate Trade, Investment and Economic Growth

The ACTIF2025 is Afreximbank’s flagship initiative to drive commercial, economic and cultural ties between Africa and the Caribbean

African Export-Import Bank (Afreximbank) (www.Afreximbank.com), in partnership with the Government of Grenada, is pleased to announce that the fourth edition of the AfriCaribbean Trade and Investment Forum (ACTIF2025) will be held in St. George’s, Grenada, from 28 to 29 July 2025 under the theme: “Resilience and Transformation: Enhancing Africa-Caribbean Economic Cooperation in an Era of…