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Afreximbank

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    • Haytham Elmaayergi, Executive Vice President, Global Trade Bank, Afreximbank (with folder, left) exchanges the signed agreement with Mr. Buah Saidy, Governor of Central Bank of The Gambia after the two organisations inked the deal at the 32nd Afreximbank's Annual Meetings in Abuja, Nigeria
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Source: Afreximbank |

Afreximbank to avail $75 million to Central Bank of The Gambia in a cross-currency swap

The cross-currency swap is expected to support the construction and rehabilitation of both rural and urban road networks, reinforcing the Gambia’s commitment to building a more connected, productive and inclusive economy

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has signed an agreement to avail a US$75-million five-year cross-currency swap to the Central Bank of The Gambia (CBG) for the financing of strategic projects undertaken in The Gambia by the Government, through the National Roads Authority (NRA). The agreement, signed in Abuja, Nigeria, as…

Afreximbank

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    • Outgoing Afreximbank President Prof. Benedict Oramah with incoming President Dr. George Elombi
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Source: Afreximbank |

Afreximbank Shareholders Approve Key Resolutions and Reaffirm Support for Preferred Creditor Status

Shareholders also approved the expansion of the Bank’s Concessional Finance Window, increasing its capital allocation from USD 1 billion to USD 5 billion

At the 32nd Annual General Meeting of Shareholders of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), held as part of the Bank’s 2025 Annual Meetings in Abuja, Nigeria, from 25 to 28 June 2025, shareholders approved a series of key resolutions aimed at strengthening the Bank’s strategic direction, financial resilience, and governance. Among…

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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    • 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

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    • Front row (L-R): Mrs Chinelo Oramah, Matron of Afreximbank Spouse Network (ASNET), Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, H.E Bola Ahmed Tinubu (GCFR), President of the Federal Republic of Nigeria, H.E Senator Mrs Oluremi Tinubu (CON), the First Lady of Nigeria, H.E. Olusegun Obasanjo, Former President of Nigeria, and H.E. Brice Oligui Nguema, President of the Republic of Gabon
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Source: Afreximbank |

President Benedict Oramah takes a bow at the Afreximbank Annual Meetings (AAM2025) after a decade of servant leadership

President Tinubu on behalf of the Federal Republic of Nigeria, awarded Prof. Oramah one of Nigeria’s highest state commendations: The Grand Commander of the Order of the Niger (GCON)

Professor Benedict Okechukwu Oramah, CON, President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has taken a bow from serving at the helm of the institution for the last decade; a period that has been touted as transformational and exceptional. While giving his closing…

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 |

Afreximbank Appoints Dr. George Elombi as Next President

He becomes the fourth President to lead the Bank since its establishment in 1993

The shareholders of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) have appointed Dr. George Elombi as the next President and Chairman of the Board of Directors of the continental financial institution. He becomes the fourth President to lead the Bank since its establishment in 1993. His appointment was one of the…

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…