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Afreximbank
Source: Afreximbank |

Kenya pledges to accelerate efforts to boost intra-African trade

The Kenya IATF2025 Business Roadshow attracted over 200 members of Kenya’s business community, including buyers, creatives, automotive sector players, policymakers and investors

Kenya 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. Speaking during the Kenya IATF2025 Business Roadshow event, Kenya’s Cabinet Secretary, Ministry of Investments, Trade and Industry, Hon. Lee Kinyanjui said the government is positioning…

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

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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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    • Mr. Zitto Alfayo, Head of Project Preparation at Afreximbank (left), and Dr. Dhiren Thakker, CEO of Med Aditus (right), sign the agreement in Kisumu, Kenya. Looking on are Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development at Afreximbank, and Prof. Peter Anyang’ Nyong’o, Governor of Kisumu County
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Source: Afreximbank |

Afreximbank partners with Med Aditus to boost local pharmaceutical production of essential medicines in Kenya

Afreximbank’s intervention is part of its ‘Africa Health Security Investment Plan” to support the health product manufacturing ambition of the continent

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and Kenya-based Med Aditus Pharmaceutical Kenya Limited (Med Aditus) have signed a project preparation facility heads of terms agreement at the margins of the fourth edition of the African Sub-Sovereign Governments Network (AfSNET) Conference in Kisumu City, Kenya. The project preparation facility will be deployed…

Afreximbank
Source: Afreximbank |

Communiqué of the 4th African Sub-Sovereign Governments Network (AfSNET) Conference

African sub-sovereign governments are essential for realising the goals of the AfCFTA by promoting cross-border industrial clusters and trade partnerships that transcend national boundaries

WE, the Network of African Sub-Sovereign Governments, having convened at the 4th African Sub-Sovereign Governments Network (AfSNET) Conference, hosted by the County Government of Kisumu, and jointly organised by African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and the United Cities and Local Governments of Africa (UCLG Africa). HAVING deliberated on the theme…

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    • H.E. Dr. William Samoei Ruto, President of Kenya (front row, centre) and Prof. Benedict Oramah, President and Chairman of Board of Directors of Afreximbank (4th right, front row) together with leaders of Sub-Sovereign governments from Kenya and other African countries during the 4th AfSNET conference, hosted in Kisumu City, Kenya
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Source: Afreximbank |

African Sub-Sovereign government leaders and businesses meet in Kisumu City, Kenya to discuss inclusive growth, trade decentralization and investment opportunities

Africa’s Sub-Sovereign governments, comprising states, counties, provinces, municipalities and regional authorities, play a critical role in economic development of African countries

Over 250 Sub-Sovereign government leaders from across Africa are today meeting in Kisumu, Kenya, for the the fourth edition of the African Sub-Sovereign Governments Network (AfSNET) Conference. Taking place between the 25th and 27th of November, the event provides a platform for Sub-Sovereign leaders and businesses to discuss how their…

Afreximbank
Source: Afreximbank |

Afreximbank Announces Investment Conference in Kisumu, Kenya to Strengthen Sub-Sovereign Participation in Intra-African Trade

A key feature of the event will be an exhibition aimed at promoting trade at a local level, to be preceded by an investment promotion training on the first day

In a bid to strengthen the role of Africa’s sub-sovereign governments in driving intra-African trade and investment, and the successful implementation of the African Continental Free Trade Area (AfCFTA), African Export-Import Bank (Afreximbank) (www.Afreximbank.com), in collaboration with the County Government of Kisumu and the United Cities and Local Governments of…

Afreximbank
Source: Afreximbank |

Afreximbank advocates for inclusive and just energy actions at Conference of the Parties (COP28)

At COP28, Afreximbank’s position aligned with the broader agenda of the African Union on Climate Change and Africa’s development as outlined in the Nairobi 2023 declaration during the Africa Climate Summit 2023

African Export-Import Bank (“Afreximbank”) (www.Afreximbank.com) recently concluded its participation at COP28 in Dubai, the United Arab Emirates, where the Bank reiterated its commitment to advancing the continent's climate goals and sustainable development agenda. Against the backdrop of the official COP28 theme "Transforming climate finance, by delivering on old promises and…

Afreximbank
Source: Afreximbank |

Kenya’s businesses poised for huge pan-African trade growth - empowered by African Continental Free Trade Area (AfCFTA) and Intra-African Trade Fair (IATF2023)

IATF2023 forecast to attract over 1,600 exhibitors, over 35,000 conference delegates and trade visitors from across Africa and beyond, and to result in US$43 billion of trade and investment deals being concluded

Kenya’s positioning as the gateway to the East Africa region, together with the empowering effects of the African Continental Free Trade Area (AfCFTA) and the Intra-African Trade Fair (IATF2023), puts Kenyan businesses in a prime position to benefit from the huge growth opportunities for intra-African trade and investments. At today’s…

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Source: Afreximbank |

Afreximbank launches US$3 billion Country Programme with the Government of Kenya

The three-year Country Programme of up to US$3 billion will support viable trade and trade-related investments in Kenya in both the private and public sectors

African Export-Import Bank (“Afreximbank” or the “Bank”) (www.Afreximbank.com) on 2 May 2023 in Nairobi signed a US$3 Billion Country Programme with the Government of Kenya. The official signing ceremony was witnessed by President William Ruto at State House Nairobi. The memorandum was signed by Kenya’s Honourable Cabinet Secretary of the…