Afreximbank
Big boost ahead as OPSN backs IATF 2027 for Nigeria’s Trade
Nigeria’s private sector leaders have hailed the country’s successful bid to host the Intra-African Trade Fair (IATF) 2027 in Lagos, describing it as a landmark development that will expand trade, empower local businesses, and reinforce Nigeria’s position as a continental economic powerhouse. The announcement has been met with widespread optimism from the Organised Private Sector […]
IATF 2025: FG vows bold push to boost trade, expand industry
The Federal Government has reaffirmed its commitment to strengthening Nigeria’s trade integration agenda, boosting industrial capacity, and mobilising fresh investments to drive sustainable economic growth across Africa. This assurance was given by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, during his engagements at the ongoing Intra-African Trade Fair (IATF) […]
Funding Dispute Puts $5bn Africa Energy Bank Launch at Risk
The much-anticipated launch of the $5 billion Africa Energy Bank (AEB) is hanging in the balance following a high-stakes funding dispute between the African Petroleum Producers Organisation (APPO) and the African Export-Import Bank (Afreximbank). The AEB, designed to be Africa’s premier energy-focused financial institution, was conceived to plug a critical financing gap caused by the […]
Afreximbank Backs Nigeria’s $40m Caribbean Port Expansion Project
The African Export-Import Bank (Afreximbank) has committed $40 million in investment support for a landmark maritime infrastructure project led by Nigerian entrepreneur, Mrs. Aisha Maina. The project involves the development of a deep-water port in St. Kitts and Nevis and is expected to significantly enhance trade connectivity between Africa and the Caribbean. The agreement was […]
AfCFTA Fund Backs Telecel with $10m Boost
In a groundbreaking move that signals the operational rollout of the African Continental Free Trade Area (AfCFTA) Adjustment Fund, a senior secured amortising loan worth $10 million has been granted to Telecel Global Services Ltd. This is the Credit Fund’s first official transaction, marking a major milestone in supporting private sector growth and digital infrastructure […]
Afreximbank: Poor Market Intelligence Hindering Africa’s Trade Growth
The African Export-Import Bank (Afreximbank) has identified the lack of market intelligence, fragmented infrastructure, and colonial trade legacies as key barriers stunting intra-African trade growth across the continent. Speaking on Monday during the Nigeria Roadshow for the Intra-African Trade Fair (IATF) 2025 held in Lagos, Executive Vice President of Intra-African Trade and Export Development at […]
President Tinubu Awards GCON to Oramah for Banking Excellence
PRESIDENT TINUBU CONFERS GCON ON OUTGOING AFREXIM BANK CHAIRMAN, PROF. BENEDICT ORAMAH FOR OUTSTANDING LEADERSHIP President Bola Tinubu Friday in Abuja conferred the national honor, Grand Commander of the Order of the Niger (GCON), on President and Chairman of the Board of Directors of African Export-Import Bank for his outstanding contributions to development of Africa, […]
South Africa, Egypt, Nigeria Hold One-Third of Africa’s External Debt – Report
A new report by the African Export-Import Bank (Afreximbank) has revealed that three African economic giants—South Africa, Egypt, and Nigeria—are responsible for more than one-third of the continent’s external debt stock, raising fresh concerns over the vulnerability of Africa’s debt profile and the broader implications for regional economic stability. The Afreximbank report Titled “State of […]