News articles

L-R: Dr. The Most Honourable Andrew Holness, Prime Minister of Jamaica, The Honourable Kamina Johnson Smith, Minister of Foreign Affairs and Foreign Trade of Jamaica, Mr Okechukwu Ihejirika, Ag. Chief Operating Officer of Afreximbank Caribbean Regional Office and Prof. Benedict Oramah GCON, President and Chairman of the Board of Directors of Afreximbank pose after Jamaica

President Benedict Oramah speaks during the launch of the second edition of his book ‘Foundations and Evolutions of Structured Trade Finance’ in Abuja, Nigeria on June 25, 2025 Updated publication expands on real-world applications of structured trade finance, including supply chain finance, reserve-based lending, and fintech integration. Abuja, Nigeria – 10 July 2025 – African Export-Import

Algeria’s Minister of Foreign Trade and Export Promotion, H.E. Prof. Kamal Rezig (third right) with other leaders during the Algeria Intra-African Trade Fair (IATF) 2025 Business Roadshow in Algiers. They are (from left), H.E Ms. Baleka Mbete (founder of NaLHISA and former Deputy President of the Republic of South Africa); Mr. Jean Louis-EKRA (former President

ABUJA, NIGERIA – 7 July 2025 – 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

Mrs. Kanayo Awani, Executive Vice President Intra-African Trade and Export Development Cairo, Egypt, 01 July 2025 – The Executive Vice President in charge of Intra-African Trade and Export Development Bank at African Export-Import Bank (Afreximbank), Mrs. Kanayo Awani, has been re-elected to the Executive Committee (EXCOM) of FCI, the global representative body for the factoring,

Kigali, Rwanda, 07 June 2025 – 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

Cairo, Egypt… Monday 7 July 2025 – The Pan-African Payment and Settlement System (PAPSS) is pleased to announce the entry of the Kingdom of Morocco into its growing network, with Bank Al-Maghrib officially signing the PAPSS membership agreement. As a result, Morocco becomes the 17th country of presence, further solidifying the continent’s commitment to financial

Executive Vice President, Intra-African Trade and Export Development, Afreximbank, Mrs. Kanayo Awani (centre) poses with speakers at the Nigeria IATF2025 High-Level Business Roadshow in Lagos. Others are (left to right) Special Advisor to the CEO, Bank of Industry, Mr. Leonard Kange; Ambassador of Algeria to Nigeria, H.E. Hocine Mezoued; Executive Director/CEO, Nigeria Export Promotion Council,

Front row (L-R): Mrs Chinelo Oramah, Matron of Afreximbank Spouse Network (ASNET), Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, H.E Bola Ahmed Tinubu (GCFR), President of the Federal Republic of Nigeria, H.E Senator Mrs Oluremi Tinubu (CON), the First Lady of Nigeria, H.E. Olusegun Obasanjo, Former President of Nigeria,

Mr. Haytham Elmaayergi, Executive Vice President, Global Trade Bank, Afreximbank Cairo, Egypt, 01 July 2025 – African Export-Import Bank (Afreximbank) has successfully completed upsizing its reserve-based lending facility in favour of Oando Oil Limited to US$375 million. The company’s pay down of the original US$525-million facility, secured in 2019, to US$100 million in 2024 created

African and Caribbean leaders during the launch of the PAPSSCARD, the continent’s first Pan-African card scheme, in Abuja, Nigeria. Abuja, Nigeria, 30 June 2025 – Africa has marked a significant step towards financial independence following the launch of PAPSSCARD, the continent’s first Pan-African card scheme. Unveiled on June 27 at the 32nd Afreximbank Annual Meetings

Abuja, Nigeria, 28 June 2025 – The shareholders of the African Export-Import Bank (Afreximbank) have appointed Dr. George Elombi as the next President and Chairman of the Board of Directors of the continental financial institution. He becomes the fourth President to lead the Bank since its establishment in 1993. His appointment was one of the

Launch of the Africa Trade Report Abuja, Nigeria – 25 June 2025 – African Export-Import Bank (Afreximbank) today launched its flagship African Trade Report 2025, themed “African Trade in a Changing Global Financial Architecture”, during the Afreximbank Annual Meetings (AAM2025) in Abuja. The report looks at the performance of Africa’s trade in a challenging global environment charaterised by

Abuja, Nigeria | 20 June 2025 – The 32nd Annual Meetings (AAM2025) of African Export-Import Bank (Afreximbank) will bring together an influential coalition of global, African and CARICOM leaders in Abuja, Nigeria from 25–27 June 2025. This high-level forum will focus on advancing trade, investment, and innovation across the continent, with Heads of State, Prime

Johannesburg, South Africa… June 17, 2025 – South Africa has reaffirmed its commitment to harnessing the African Continental Free Trade Area (AfCFTA) to unlock new growth opportunities for local businesses and strengthen regional integration. Opening the IATF2025 South Africa Business Roadshow in Johannesburg, Mr. Humphrey Nwugo, Regional Director (Southern Africa) at Afreximbank, emphasised the urgency

Cairo, Egypt, 16 May 2025: African Export-Import Bank (Afreximbank) has acted as global coordinator and joint mandated lead arranger for a senior secured term loan facility amounting to US$1.6 billion, in favour of Staatsolie Maatschappij Suriname N.V. (Staatsolie), Suriname’s state-owned energy company, in a major boost to the country’s GranMorgu upstream offshore oil project. Afreximbank,

L-R: Prof. Benedict Oramah, Afreximbank’s President and Chairman of the Board of Directors and Mr. Dieudonné Evou Mekou, President of BDEAC display folders containing the signed agreements Abuja, Nigeria, 16 June 2025: – African Export-Import Bank (Afreximbank) has signed an agreement to provide the Banque de Développement des États de l’Afrique Centrale (BDEAC) with EUR

The Secretary General of the African Continental Free Trade Area (AfCFTA) Secretariat, H.E. Wamkele Mene (fifth left) poses with Afreximbank’s Group Chief Economist & Managing Director, Research, Dr. Yemi Kale (fifth right) and other dignitaries during the Ghana IATF2025 Business Roadshow in Accra. Accra, June 13, 2025 – Ghana is fast-tracking the implementation of the African

Cairo, Egypt – June 10, 2025… Afreximbank operates under very high standards of financial transparency. The Bank’s financial reporting strictly adheres to International Financial Reporting Standards (IFRS), including IFRS 9. This standard governs the classification and staging of loan performance, including the treatment of non-performing loans, amongst other matters. The Bank’s application of IFRS 9

Speakers and other key dignitaries at the IATF2025 Kenya roadshow held on June 5, 2025 in Nairobi, Kenya Nairobi, June 9, 2025 – Kenya is working towards fast-tracking implementation of the African Continental Free Trade Area (AfCFTA) to unlock opportunities for businesses in the country across the continent. Speaking during the Kenya IATF2025 Business Roadshow