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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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    • The Secretary General of the African Continental Free Trade Area (AfCFTA) Secretariat, H.E. Wamkele Mene (fifth left) poses with Afreximbank’s Group Chief Economist & Managing Director, Research, Dr. Yemi Kale (fifth right) and other dignitaries during the Ghana IATF2025 Business Roadshow in Accra
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Source: Afreximbank |

Ghana Accelerates Efforts to Boost Intra-African Trade

The Ghana IATF2025 Business Roadshow brought together government officials, the trade community, including businesses and investors, and executives from the African Export-Import Bank (Afreximbank)

Ghana is fast-tracking the implementation of the African Continental Free Trade Area (AfCFTA) to unlock new opportunities for Ghanaian businesses across Africa by moving beyond commodity-based trade towards value addition for its traditional exports such as gold, oil and cocoa.  Speaking during the Ghana Intra-African Trade Fair (IATF) 2025 Business…

Afreximbank
Source: Afreximbank |

African Peer Review Mechanism (APRM): “Fitch's Downgrade of Afreximbank's Rating is Based on Flawed Loan Classification”

The APRM calls upon Fitch Ratings to re-examine its criteria and assumptions in this case and to engage in technical consultations with Afreximbank and other relevant African stakeholders

In line with Decision [Assembly/AU/Dec.631(XXVII)] of the African Union Assembly of Heads of State and Government and Article 6(g) of the African Peer Review Mechanism (APRM) Statute (2020), which together mandate the APRM to provide support to African countries in the field of credit ratings. The APRM routinely undertakes independent…

Afreximbank
Source: Afreximbank |

Ozwald Boateng OBE steals the spotlight at Met Gala 2025, celebrating 40 years of dazzling design

Cultural Icons Strut in Show-Stopping Looks for “Superfine: Tailoring Black Style”

The red carpet just got a seismic glow-up! British-Ghanaian fashion legend Ozwald Boateng OBE storms the 2025 Met Gala, marking his 40th year as a global style icon with a breathtaking showcase of bespoke looks for the Metropolitan Museum of Art’s exhibition, Superfine: Tailoring Black Style. With his signature blend of African authenticity, Savile Row…

Afreximbank
Source: Afreximbank |

The Alliance of African Multilateral Financial Institutions (AAMFI) welcomes African Union (AU) Ministers' Decisions on African Multilateral Financial Institutions’ Preferred Creditor Status

The Ministerial declaration affirms the importance of the rights conferred on AMFIs by African Governments, including Preferred Creditor Status (PCS), crucial for reducing borrowing costs and deepening capital markets

The Alliance of African Multilateral Financial Institutions (AAMFI) held the third meeting of its Governing Council on the margins of the African Union Mid-Year Coordination Meeting, held in Accra, Ghana, during which it welcomed the endorsement of the Alliance by the African Union (AU) Ministers of Finance and Central Bank…

Afreximbank
Source: Afreximbank |

Equatorial Guinea and Ghana Accede to the Establishment Agreement for Afreximbank’s Fund for Export Development in Africa (FEDA)

This milestone marks the countries’ support for Afreximbank's efforts to extend FEDA's impact investing objectives across the continent

The Fund for Export Development in Africa (FEDA), the development impact-focused subsidiary of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), has announced that the Republic of Equatorial Guinea and the Republic of Ghana have recently signed the FEDA Establishment Agreement. This important milestone is the result of several months of cooperation…

Afreximbank

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    • Afreximbank’s Annual Meetings 2023 opens in Accra with calls for more intra-African trade
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Source: Afreximbank |

Afreximbank’s Annual Meetings 2023 opens in Accra with calls for more intra-African trade

The Afreximbank Annual Meetings (AAM2023), which end on 21 June, is also being held to celebrate the 30th anniversary of the establishment of Afreximbank

The 30th Annual General Meetings of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) opened in Accra today with speakers highlighting the need for Africa to boost intra-African trade and integration in the face of the challenges resulting from the impact of the global COVID-19 pandemic and the adverse economic challenges due…

Afreximbank

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    • Afreximbank launches Insurance subsidiary to support intra-African trade
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Source: Afreximbank |

Afreximbank launches Insurance subsidiary to support intra-African trade

AFREXInsure is set up to offer specialty insurance solutions for trade and trade-related investments across Africa with access to quality, best-in-breed specialty insurance that are tailor-made for Africa

The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) today in Accra launched its wholly owned insurance management services subsidiary, AFREXInsure, with a commitment to provide a single-entry point for all specialty insurance needs to assist in optimally managing related risks for the trade and commerce sector in Africa. Established in 2021, AFREXInsure…

Afreximbank
Source: Afreximbank |

Afreximbank to hold 30th Annual Meetings in Accra, Ghana, from 18-21 June 2023

Afreximbank Annual Meetings are open to all those interested and/or active in promoting African trade and supporting the socio-economic development of African economies

The 30th Annual Meetings of African Export-Import Bank (Afreximbank) (www.Afreximbank.com) will take place in Accra, Ghana, from 18 to 21 June 2023. The event will mark the high point of the Bank’s year-long 30th anniversary celebrations, under the theme “Delivering the Vision. Building Prosperity for Africans”. The 30th Afreximbank Annual…