Archive Stories

49 stories
South Africa, Nigeria, and Côte d’Ivoire Lead Intra-African Trade in 2024

According to the Africa Trade Report 2025 published by Afreximbank, intra-African trade experienced a notable resurgence in 2024, growing by 12.4% to reach approximately US$220.3 billion. This recovery marks a sharp turnaround from the 5.9% decline observed in the previous year, underscoring the continent’s resilience and renewed momentum for integration. Leading this resurgence was South Africa, which accounted for US$42.1 billion in intra-African […]

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Africa’s Trade Finance Gap Hits $100 Billion – Afreximbank Calls for Urgent Reform

Africa’s economies are once again at the center of global trade discussions, but not for the reasons most would hope. According to the recently released African Trade Report 2025 by Afreximbank, the continent faces a staggering trade finance gap of over $100 billion annually—a persistent structural constraint that threatens to undermine Africa’s industrial ambitions, job creation efforts, and […]

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Africa Must Break the Chains of Commodity Dependency”—AfCFTA Vision Resounds at Afreximbank AGM

Abuja, Nigeria — June 25, 2025 At the opening of the 32nd Annual Meetings of the African Export-Import Bank (Afreximbank), leaders and experts emphasized that the African Continental Free Trade Area (AfCFTA) is now the continent’s most ambitious and transformative economic reform. Delivering his keynote at the Transcorp Hilton in Abuja, AfCFTA Secretary General Wamkele […]

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Onafriq and PAPSS Launch Cross-Border Payment Services in Ghana, Ushering in a New Era for Intra-African Trade

Accra, Ghana | June 20, 2025 In a significant step toward realising the vision of a financially interconnected Africa, Onafriq and the Pan-African Payment and Settlement System (PAPSS) have launched a new cross-border payment service in Ghana. The service, currently in its pilot phase, enables outbound transactions to neighbouring African countries and promises faster, more […]

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Africa Must Trade With Itself to Grow – Gabriel Edgal

Africa must take deliberate steps to increase intra-continental trade and shift from rhetoric to results, Gabriel Edgal, IATF Ambassador and Chairman of Oakwood Green Africa, has said, urging Ghanaian businesses in particular to ensure active participation in the upcoming Intra-African Trade Fair (IATF2025) to deepen commercial partnerships and unlock cross-border opportunities. Mr. Edgal was addressing […]

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Afreximbank launches US$3 Billion Revolving Intra-African Oil Import Financing Programme

In a move to reduce Africa’s reliance on imported refined petroleum products, which cost the continent an estimated US$30 billion annually due to insufficient refining capacity, the African Export-Import Bank (Afreximbank) has launched a US$3 Billion Revolving Intra-African Oil Trade Financing Programme. This initiative will finance the purchase of refined petroleum products by African and […]

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Press Release: Afreximbank’s Creative Africa Nexus (CANEX) unveils third edition of short film competition

Cairo, Egypt… 08 May 2025 – Creative Africa Nexus (CANEX), an intervention by African Export–Import Bank (Afreximbank) has announced the third edition of its vibrant short film competition, CANEX Shorts, that is designed to recognise and celebrate talents of young filmmakers from Africa and the Diaspora.  Filmmakers between the ages of 18 and 35 years can […]

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Oakwood Green Africa, Afreximbank, and Liberia’s Ministry of Commerce & Industry to Host 2025 IATF Roadshow to Strengthen Intra-Africa Trade

Monrovia, Liberia – February 20, 2025 Oakwood Green Africa, in collaboration with the Intra-Africa Trade Fair (IATF) Secretariat of the African Export-Import Bank (Afreximbank) and in partnership with the Ministry of Commerce & Industry, Ministry of Finance & Development Planning, and the National Investment Commission, announce the 2025 IATF Stakeholder & Business Engagement Session, scheduled […]

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PRESS RELEASE: The African Research and Innovation Hub @IATF launched to utilise academia in advancing understanding of intra-African trade

Cairo, Egypt, 28 January 2025 – Afreximbank, in collaboration with African Union Commission and AfCFTA Secretariat, is excited to launch its new initiative the “African Research and Innovation Hub @IATF”, during the 4th Intra-African Trade Fair (IATF2025). The key objective is to boost academic research output and increase collaboration between academia, industry, and policy makers across Africa […]

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