AFREXIMBANK
Afreximbank has launched the first cohort of its digital trade accelerator in Cairo, backing eight startups building the technology infrastructure needed to scale intra-African commerce.
AFREXIMBANK
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.
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
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. […]
AFRICA
Abuja, Nigeria | 30 June 2025 – Africa has taken a historic leap toward financial sovereignty and payment independence with the official launch of PAPSSCARD, the continent’s first pan-African card scheme. The launch took place on 27 June 2025, during the 32nd Afreximbank Annual Meetings in Abuja, Nigeria, and is seen as a transformational milestone in Africa’s long-standing quest for intra-African financial integration. […]
ECONOMY
The second day of the 32nd Annual Meetings of Afreximbank in Abuja shone a spotlight on the Pan-African Payment and Settlement System (PAPSS), with leaders across Africa’s financial ecosystem hailing it as one of the most transformative tools for facilitating intra-African trade. With trade under the African Continental Free Trade Area (AfCFTA) picking up momentum, PAPSS—developed by Afreximbank […]
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
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 […]
AFRICA
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 […]
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 […]