IN a bold step to reshape Africa’s trade and investment landscape, the African Export-Import Bank (Afreximbank) has officially opened its first African Trade Centre (AATC) in Abuja, Nigeria. The centre is envisioned as a transformative hub to accelerate intra-African commerce, investment, and innovation across the continent. During the commissioning ceremony on April 11, high-ranking government officials and African … Read more
THE African Export-Import Bank (Afreximbank) says it has disbursed 50 billion Dollars into various sectors of Nigeria in the last 10 years. Prof. Benedict Oramah disclosed this at the Commissioning of the Afreximbank African Trade Centre (AATC) in Abuja on Thursday. Oramah said the sectors included energy, infrastructural, manufacturing, healthcare, transport and financial services. … Read more
AFRICA recorded a significant boost in exports in 2024, reaching $682bn, driven by stabilising commodity markets and strong performance by oil-exporting nations, according to a new report by the African Export-Import Bank (Afreximbank). In its African Economic and Trade Outlook 2025, themed African Resilience in a Changing World Order, the bank revealed that exports rose nearly 10 … Read more
KENYA’S industrial and export ambitions have received a major boost as the African Export-Import Bank (Afreximbank) has committed to financing the development of industrial parks (IPs) and special economic zones (SEZs) across the country. The initiative, which was formalised at a signing ceremony in Mombasa, aims to enhance manufacturing, value addition, and export capacity, aligning with Kenya’s … Read more
THE Federal Government and African Export-Import Bank (Afreximbank) on Tuesday signed the Agreement for Nigeria to host the 32nd Afreximbank Annual Meetings (AAM). Speaking at the Afreximbank Annual Meetings 2025 Signing Ceremony in Abuja, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said that President Bola Tinubu approved the hosting. … Read more
IN a significant move to enhance trade and investment between the United States and Africa, Prosper Africa and the African Export-Import Bank (Afreximbank) have signed a new Memorandum of Understanding (MoU). This strategic collaboration focuses on expanding trade opportunities and mobilising investment across critical sectors, including creative industries, critical minerals, emerging technologies, and textile manufacturing. Key areas of collaboration … Read more
…Surpassing prior year’s performance despite a challenging operating environment AFRICAN Export-Import Bank (“Afreximbank” or the “Group”) (www.Afreximbank.com) has released the consolidated financial statements of the Bank and its subsidiaries, for the nine months ended 30 September 2024 (9M’2024). The Group delivered a solid performance, closing the third quarter in a strong financial position, evidenced by … Read more
THE African Export-Import Bank (Afreximbank) says a total of 540 million Dollars worth of deals were facilitated and agreed upon at the just concluded Creative Africa Nexus Weekend (CANEX WKND) 2024 in Algiers, Algeria. This is contained in a statement issued by Mr Vincent Musumba, Manager, Communications and Events, Afreximbank on Monday in Abuja. Musumba … Read more
AT the recent CANEX WKND 2024 in Algiers, angel investors connected with the African Export–Import Bank (Afreximbank) pledged $350,000 to support three of Africa’s top creative startups. The investment commitments followed a dynamic pitch competition, CANEX Presents the Angels, where 12 entrepreneurs from 10 African nations showcased their projects to secure funding for business growth. Leading … Read more
Hannatu Musawa, Minister of Arts, Culture and the Creative Economy, has secured a $200 million financing facility with the African Export-Import Bank to support the growth of the country’s creative industries. Musawa disclosed this in a statement through her media aide, Nneka Anibeze, on Wednesday. The minister said that this partnership with the African Export–Import … Read more