The 32nd Annual Meetings of the African Export-Import Bank (Afreximbank), dubbed AAM2025, concluded with a string of high-impact deal signings expected to unlock over $1 billion in strategic investments across the continent.
Nigeria and other West African countries collectively spend over $3 billion annually importing meat, often from distant suppliers such as Australia, despite the region’s abundant livestock resources.
Africa has taken a landmark step toward financial independence with the launch of PAPSSCARD, the continent’s first Pan-African card payment scheme.
The outgoing President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has disclosed that the bank plans to recruit 250,000 workers following its groundbreaking textile facility development in Nigeria (by July), involving a $5 billion partnership.
The shareholders of the African Export-Import Bank (Afreximbank) have appointed a Cameroonian, Dr. George Elombi, as the next President and Chairman of the Board of Directors of the continental financial institution.
Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the African Export-Import Bank (Afreximbank) has provided over $50 billion in financing to Nigeria for major projects.
The African Export-Import Bank (Afreximbank) has revealed that Nigeria and other African countries are collectively losing approximately $7 billion annually to medical tourism, a trend that is draining foreign exchange and stalling the growth of local healthcare systems.
Nigeria led West Africa as the region's largest intra-African trading country in 2024, hitting $18.4 billion in trade last year.
The Governor of the Central Bank of Nigeria, Yemi Cardoso, has called for strategic cohesion among African states amid the African Export-Import Bank’s (Afreximbank) over $40 billion capital asset expansion as of 2024.
Oando PLC, Nigeria’s leading indigenous energy solutions company with primary and secondary listings on the Nigerian and Johannesburg Stock Exchanges, today announced the successful upsizing of its Reserve Based Lending (RBL2) facility to $375 million.
The African Export-Import Bank (Afreximbank), through its development impact investment arm, the Fund for Export Development in Africa (FEDA), has launched a $1 billion Africa Film Fund to revolutionise the continent’s film and creative industry.
Nigeria’s real Gross Domestic Product (GDP) is projected to reach $552 billion by 2031 according to research by Afrexim Bank.
