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 in Abuja, Nigeria, the new card represents a major leap in Africa’s efforts to achieve financial sovereignty by building

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

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 rising geopolitical tensions, new trade barriers,

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

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 100-million trade finance facility to support critical regional integration projects in the Central African Economic and Monetary Community (CEMAC). The facility would also support the upgrading of

Accra, June 13, 2025 – Ghana is fast-tracking the implementation of the African Continental Free Trade Area (AfCFTA) to unlock new opportunities for Ghanaian businesses across Africa by moving beyond commodity-based trade towards value addition for its traditional exports such as gold, oil and cocoa. Speaking during the Ghana Intra-African Trade Fair (IATF) 2025 Business

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

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 event, Kenya’s Cabinet Secretary, Ministry of Investments, Trade and Industry, Hon. Lee Kinyanjui said the government is positioning

L-R: Hon. Wale Edun, Minister of Finance and Coordinating Minister of the Economy Nigeria, Dr. Kayode Fayemi, Former Governor of Ekiti State, Senator, Dr. George Akume, Secretary to the Government of the Federation, Federal Republic of Nigeria, H.E. Senator Kashim Shettima, Vice President of the Federal Republic of Nigeria representing H.E Bola Ahmed Tinubu GCFR,

Cairo, Egypt, 30 May 2025: The State of Libya has taken a critical step towards its full membership of African Export-Import Bank (Afreximbank) with the acquisition of shares in the African multilateral Bank, making the country both a participating state and a shareholder of the Bank. The country submitted its payment for the acquisition of

Georgetown, Guyana, 28 May 2025: The Cooperative Republic of Guyana and African Export-Import Bank (Afreximbank) have concluded a two-day roadshow to promote access to a US$1-billion oil services financing facility announced by the Bank in February this year during the Guyana Energy Conference. The roadshow which was held from 21 to 22 May in Georgetown,