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Afreximbank
Source: Afreximbank |

Fund for Export Development in Africa (FEDA) Announces Strategic Investment in Spiro to Accelerate Africa’s Electric Mobility Transition

Founded in 2022, Spiro operates Africa’s most extensive and fastest growing battery-swapping network, with more than 60,000 electric motorcycles and 1,200 swapping stations

The Fund for Export Development in Africa (FEDA), the development equity impact investment arm of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), has announced a $75 million investment in Spiro, the leading electric two-wheel assembler in Africa with the fastest growing battery swapping infrastructure. This investment is fully aligned with Afreximbank’s broader…

Afreximbank

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    • Speakers during the launch of The Africa Trade Gateway (ATG) initiative for national adoption awareness in Rwanda
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Source: Afreximbank |

Africa Trade Gateway Takes Digital Trade to the Next Level; Launches national adoption awareness initiative in Rwanda

The ATG launch in Rwanda is a significant step towards realizing the AfCFTA's vision of a single, integrated African market

The Africa Trade Gateway (ATG), a pioneering digital trade ecosystem designed to revolutionize Africa’s trade, has launched an initiative for national adoption awareness in Rwanda, marking a significant milestone in the continent's economic integration journey.  A collaboration between African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA)…

Afreximbank

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    • Hon. Soraya M. Hakuziyaremye, Governor of the National Bank of Rwanda
    • Dr George Elombi, Executive Vice-President, Governance, Legal and Corporate Services and Incoming President, Afreximbank
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Source: Afreximbank |

Artificial Intelligence to Take Centre Stage at the 2025 Afreximbank Compliance Forum in Kigali, Rwanda in November

ACF2025 builds on Afreximbank’s leadership in trade-related compliance and its investment in AI-powered platforms that streamline client onboarding, enable real-time risk monitoring, and ensure secure transaction processing

Artificial Intelligence (AI) is reshaping trade in Africa - curbing illicit financial flows, driving growth and boosting market opportunities. African Export-Import Bank (Afreximbank), in collaboration with the National Bank of Rwanda (BNR), will host the 2025 Afreximbank Compliance Forum (ACF2025) from 12 – 14 November 2025, in Kigali, Rwanda. Held…

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
Source: Afreximbank |

Bank of Algeria joins Pan-African Payment and Settlement System (PAPSS) network, accelerating financial integration in Africa as Algeria prepares to host Intra-African Trade Fair 2025 (IATF2025)

This development is expected to further support cross-border payments and enhance the regulatory framework governing intra-African trade

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 officially welcomed the Bank of Algeria into its growing network. Algeria now becomes the 18th country of presence…

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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    • 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
Source: Afreximbank |

Nigeria Unlocks Intra-African Trade with New Pan-African Payment & Settlement System (PAPSS) Policy Boost

The announcement also empowers commercial banks to source foreign exchange for PAPSS through Nigeria’s Foreign Exchange market

The Pan-African Payment & Settlement System (PAPSS) warmly welcomes the new circular from the Central Bank of Nigeria (CBN), announcing a significant streamlining of documentation requirements for PAPSS transactions in Nigeria. This progressive policy, announced on 28 April 2025, sets the stage for faster, more cost-effective, and more inclusive participation…

Afreximbank

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    • Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development Bank, Afreximbank shakes hands with Mr. Kaushik Burman, Chief Executive Officer of Spiro after signing heads of terms for US$50 million debt facility
    • Spiro Agrees to US$50 Million Debt Facility with Afreximbank to Accelerate Expansion
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Source: Afreximbank |

Spiro Agrees to US$50 Million Debt Facility with Afreximbank to Accelerate Expansion

This landmark agreement was signed in Kigali, Rwanda during the Africa CEO Forum, highlighting Spiro's commitment to enhancing sustainable transportation on the continent

Spiro, the largest electric vehicle company in Africa, is pleased to announce it has signed heads of terms for US$50 million debt facility with the African Export-Import Bank (Afreximbank) (www.Afreximbank.com).  This landmark agreement was signed in Kigali, Rwanda during the Africa CEO Forum, highlighting Spiro's commitment to enhancing sustainable transportation…

Afreximbank
Source: Afreximbank |

Afreximbank to offer Supply Chain Finance in Nigeria in partnership with Sterling Bank

The partnership with Sterling Bank is a unique and innovative arrangement which leverages the complementary strengths of both institutions to provide a comprehensive market-led solution to Nigerian corporates

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has partnered with Sterling Bank to introduce the innovative supply chain finance product ‘Payables Finance’, in Nigeria. This product, branded as ‘Afreximbank Tradelink,’ is one of Afreximbank’s digital offerings under the umbrella of the Africa Trade Gateway (ATG). ATG provides African corporates and commercial banks with…