The African Export-Import Bank (Afreximbank) has reported a net income of 973.5 million US dollars for the 2024 financial year, representing a 29 per cent rise from its 2023 earnings. The development underscores the bank’s resilience and strategic performance despite…
Africa’s real Gross Domestic Product (GDP) is projected to grow by 4.0 per cent in 2025, in spite global economic fragility, says Afreximbank Research Report. The 2025 African Trade and Economic Outlook (ATEO) Report, a research by Afreximbank, said Africa’s…
President Bola Ahmed Tinubu on Thursday commissioned the Afreximbank African Trade Centre (AATC) in Abuja, marking a major milestone in Nigeria’s efforts to position itself as a continental hub for trade and investment. The president was represented at the event…
The African Export-Import Bank (Afreximbank) is setting up trade centres in several major commercial capitals across Africa and the Caribbean as part of its efforts to boost intra-African trade. Dr Robert Tomusange, Director and Global Head of Real Estate and…
The African Export-Import Bank (Afreximbank) and the Pan-African Payment and Settlement System (PAPSS) have formed a strategic partnership with the Caribbean Community (CARICOM) and the Intra-Regional Payment Committee to facilitate seamless cross-border payments. PAPSS serves as a financial market infrastructure…
Nigeria is set to take centre stage in Africa’s economic growth and development as it officially signed an agreement to host the 2025 Afreximbank Annual Meetings (AAM2025) in Abuja, reinforcing the country’s leadership in African trade and economic development. The…
…First tranche of $150m disbursed in October African Export-Import Bank (Afreximbank) has approved a $200 million Corporate Finance Facility in favour of BUA Industries Limited (BIL) to support its expansion plans. BIL is a Nigerian conglomerate with diversified business interests…
In a move to strengthen Africa’s agricultural sector, Afreximbank, the African Continental Free Trade Area (AfCFTA) Secretariat, and the World Food Programme (WFP) have signed a three-year Memorandum of Understanding (MoU) to support African farmers, agro-processors, and commodity traders with…
In a significant move to bolster Nigeria’s economic prospects, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, held a key meeting with Afreximbank’s President, Benedict Oramah on the sidelines of the World Bank-IMF Annual…
The African Export-Import Bank (Afreximbank) is set to invest $200 million in Nigeria’s creative industry, a statement from the Ministry of Arts, Culture, and Creative Economy has revealed. In a statement issued yesterday, the ministry announced that this investment was…
