Archive Stories

30 stories
Mahmoud Ali Youssouf Elected Chairperson of the African Union Commission

Mahmoud Ali Youssouf of Djibouti has been elected Chairperson of the African Union Commission, succeeding Moussa Faki Mahamat. Here’s what his leadership means for Africa.

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Afreximbank Ends Credit Rating Relationship with Fitch

Afreximbank has officially ended its credit rating relationship with Fitch Ratings, citing concerns that the process no longer reflects its mandate, legal framework, and mission as a pan-African development bank.

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Central Bank of Egypt and Afreximbank Move to Establish Pan-African Gold Bank

The Central Bank of Egypt and Afreximbank have signed an MoU to establish a pan-African Gold Bank aimed at formalising gold value chains, strengthening central bank reserves, and retaining gold value within Africa.

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Afreximbank Posts Strong Nine-Month Financial Performance, Assets Rise to US$42.9 Billion

Afreximbank reports solid performance for the nine months ended 30 September 2025, with total assets and contingencies rising 6.98% to US$42.9 billion. The Bank delivered strong liquidity, robust capital buffers, and growing net income amid improved early loan repayments and strategic capital mobilization.

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African Export-Import Bank (Afreximbank) Celebrates Outgoing President and Chairman

The African Export-Import Bank (Afreximbank) honoured outgoing President Prof. Benedict Oramah with a legacy conference in Cairo, celebrating a decade of transformative leadership that expanded the Bank’s assets eightfold and deepened intra-African trade through landmark initiatives like PAPSS and the AfCFTA Adjustment Fund.

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Afreximbank renews partnership with African Association of Automotive Manufacturers (AAAM) to promote industrialisation of Africa’s automotive sector

ALGIERS, Algeria, September 23, 2025 The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has renewed its memorandum of understanding (MoU) with the African Association of Automotive Manufacturers, harmonising efforts to promote Intra-African trade and investment in the continent’s automotive sector. The MoU was signed on the sidelines of the recently concluded Intra-African Trade Fair 2025 (IATF2025) in […]

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IATF2025 ends on high note with record $48.3 billion in deals signed by participants

Algiers, Algeria, 11 September 2025: – The fourth Intra-African Trade Fair (IATF2023), hosted in Algiers, Algeria, ended on September 10, 2025 in a resounding success with US$48.3 billion in trade and investment deals signed during the weeklong continental exposition event that begun on September 4 and attended by over 112,000 visitors (physical and virtual), from 132 countries. […]

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