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Afreximbank

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    • 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
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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

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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
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
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

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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 |

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…

Afreximbank
Source: Afreximbank |

Afreximbank acts as global coordinator and mandated lead arranger for $1.6bn facility for Suriname’s Staatsolie

The proceeds of the facility will support Staatsolie in partially refinancing existing debt and funding its 20 per cent working interest in the GranMorgu upstream offshore oil project

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has acted as global coordinator and joint mandated lead arranger for a senior secured term loan facility amounting to US$1.6 billion, in favour of Staatsolie Maatschappij Suriname N.V. (Staatsolie), Suriname’s state-owned energy company, in a major boost to the country’s GranMorgu upstream offshore oil project. Afreximbank,…

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…