GHANA
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 […]
ALGERIA
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 […]
ECONOMY
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 […]
AFRICA
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 […]
AFRICA
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 […]
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 […]
AFRICA
The 2024 African Trade Report, published by the African Export-Import Bank (Afreximbank), delves into the climate implications of the African Continental Free Trade Area (AfCFTA). The report underscores the significant threats climate change poses to African economies, highlighting that abrupt decarbonisation could erode African GDP by 1% and merchandise exports by 14.6%. The AfCFTA, by […]
GAMBIA
The Chairman and CEO of Oakwood Green Africa, Mr. Gabriel Edgal, has emphasized the transformative impact of Afreximbank’s digital platforms, including the MANSA and Pan-Africa Payment and Settlement Systems (PAPSS) platforms, on Ghana’s economic development and participation in intra-African trade. Speaking at a side event during the launch of the Africa Trade Gateway as part […]
UNCATEGORIZED
Afreximbank has announced the disbursement of USD 40 million to support Fidelity Bank’s acquisition of Union Bank UK. This strategic investment underscores Afreximbank’s commitment to strengthening the African banking sector by facilitating significant cross-border transactions. Overview of the Acquisition Fidelity Bank’s acquisition of Union Bank UK represents a major milestone in the bank’s expansion strategy. […]
BUSINESS
The Fund for Export Development in Africa (“FEDA”), Afreximbank’s impact investment subsidiary, has announced its investment into Bloom Africa Holdings Limited (BAHL), a regional financial services platform operating across West Africa. BAHL holds interests in multiple financial institutions across Gambia, Sierra Leone, and Liberia operating as Bloom Bank Africa. These institutions function as full-service commercial […]