The African Export-Import Bank (Afreximbank) has disbursed $18.7 billion to support trade, industrialization, and business development across Africa. This funding is designed to engineer transformation and strengthen African enterprise and intra-continental commerce.
The bank plays a central role in shaping Africa’s trade and economic structure through its funding activities.
– *Nigeria’s Commitment*: Nigeria has pledged to collaborate with Afreximbank to build resilient institutions and deepen regional integration.
Despite global economic uncertainty, Africa’s economy has demonstrated resilience, with future competitiveness depending heavily on intra-African trade, particularly through the African Continental Free Trade Area (AfCFTA).
To increase funding for development projects.
To reduce trade costs and promote intra-African commerce.
To project a strong, unified voice in global financial and regulatory fora.
With these pillars in place, Africa can turn global volatility into a springboard for inclusive and sustained growth.
The CBN Governor, Olayemi Cadoso,emphasized Afreximbank’s timely interventions and warned of growing challenges like global protectionism and economic fragmentation.
Afreximbank’s Senior Executive Vice President Denys Denya, called for stronger support for African financial institutions, good governance, and deeper regional cooperation.
