Africa, a continent brimming with potential, has long grappled with a significant obstacle: insufficient financing to unlock its vast natural resources and harness its abundant human capital. This persistent financial gap has often stifled development and limited the continent’s ability to compete effectively on the global stage. However, a powerful, home grown solution has been…
The 32nd Annual Meetings of African Export-Import Bank (Afreximbank) witnessed a flurry of deal signings with four project preparation transactions signed between the Bank and various entities that are expected to unlock investments valued at about 1 billion USD that set to transform key sectors across Africa. In Kenya, the groundwork has begun for a…
Abuja, Nigeria — When Professor Benedict Oramah joined the African Export-Import Bank (Afreximbank) in 1994 as a young chief analyst, few could have foreseen that he would devote more than three decades to the institution–culminating in a transformative presidency that redefined its mission and expanded its impact across the continent. On June 28, during Afreximbank’s…
Newly elected president of the Board of African Export-Import Bank (Afreximbank), Dr. George Elombi, has hinted of plans to lead the bank to change the structure of African trade with a focus on developing the continent to favourably compete with other continents. The president said his key priorities will be to “change the structure of…
In a powerful opening to the 32nd Annual Meetings of the African Export-Import Bank (Afreximbank) in Abuja, Nigeria, African leaders and financial experts gathered to reaffirm the continent’s commitment to building economic resilience, strengthening institutions, and asserting strategic autonomy in a world marked by rising geopolitical uncertainty and economic fragmentation. Under the theme “Building the…
“Over the past 32 years, we have mobilised over $250 billion into Africa.” The African Export-Import Bank (Afreximbank) has disbursed more than $250 billion to support development across Africa over the last three decades, the bank’s president, Benedict Oramah, said on Wednesday at the opening of the bank’s 32nd Annual Meetings in Abuja. Mr Oramah…
Addis Ababa — President of African Export-Import Bank (Afreximbank), Professor Benedict Oramah addressed the implications of shifting global trade policies, including the reintroduction of reciprocal tariffs by the U.S., noting that such developments further validate the urgency of fast-tracking the African Continental Free Trade Area (AfCFTA). In a powerful exchange moderated by Michael Rheinegger of…
