AFREXIMBANK
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.
AFRICA
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 […]
AFRICA
Abuja, Nigeria – June 22, 2025 At the 67th Ordinary Summit of the Economic Community of West African States (ECOWAS) held in Abuja, Sierra Leone’s President Julius Maada Bio was officially elected as the new Chairperson of the ECOWAS Authority of Heads of State and Government . He takes over from Nigeria’s President Bola Tinubu […]
AFRICA
Afreximbank has announced its ambitious goal to double its financing for intra-African trade to $40 billion by 2026. This initiative is part of the bank’s broader strategy to enhance economic integration across the continent by increasing support for trade activities among African nations. The plan was unveiled by Afreximbank’s President, Prof. Benedict Oramah, during the […]
TECH
The 2024 African Trade Report highlights the role of technology in enhancing trade efficiency and economic integration in Africa. The report discusses the implementation of the Pan-African Payments and Settlement System (PAPSS), which facilitates seamless transactions across the continent, reducing trade barriers and fostering economic growth. Additionally, the report emphasizes the potential of digital platforms […]