The deal shows how global and regional lenders are teaming up with local banks to close Africa’s industrial financing gap Nairobi, Kenya | THE INDEPENDENT | KCB Group and the African Export-Import Bank (Afreximbank) have signed a financing agreement worth $800mn to support investors in the Vipingo Special Economic Zone …
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The Cairo-based trade finance institution announced on Sept.2 that its net income for the six months to June 30 rose to $412.7 million Kampala, Uganda | THE INDEPENDENT | African Export-Import Bank Group (Afreximbank) has reported a rise in first-half net income, supported by stronger income and higher liquidity buffers, …
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The bank’s net income climbed from US$125.3 million to US$973.5 million over the same period—representing nearly an eightfold increase Abuja, Nigeria | ISAAC KHISA & AGENCIES | When Professor Benedict Oramah joined the African Export-Import Bank (Afreximbank) in 1994 as a young chief analyst, few could have foreseen that he would …
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Shareholders of the African Export-Import Bank have appointed Dr. George Elombi as the next President and Chairman of the Board of Directors. Abuja, Nigeria | ISAAC KHISA | Elombi, a Cameroonian national and long-serving executive at the Bank, will take over from Professor Benedict Oramah, who steps down in September 2025 …
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Trade is set to expand at an average of 5.1 per cent a year through 2026, before quickening to 5.4 per cent by 2028 Abuja, Nigeria | ISAAC KHISA | Africa’s trade projected to hit $1.5 trillion in 2025 as growth momentum builds Africa’s intra- and extra-regional trade is on course …
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Abuja, Nigeria | THE INDEPENDENT | The shareholders of the African Export-Import Bank (Afreximbank) have appointed Dr. George Elombi as the next President and Chairman of the Board of Directors of the continental financial institution. He becomes the fourth President to lead the Bank since its establishment in 1993. His …
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Abuja, Nigeria | THE INDEPENDENT | Nigerian President Bola Ahmed Tinubu on Friday described the African Export-Import Bank (Afreximbank) as a symbol of African sovereignty and resilience, as he awarded the country’s second- highest national honour to the Bank’s outgoing president, Professor Benedict Oramah, during the lender’s 32nd Annual Meetings in …
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Abuja, Nigeria | THE INDEPENDENT | African Export-Import Bank (Afreximbank) is set to host its 32nd Annual Meetings (AAM2025) in Abuja, Nigeria, from June 25 to 27, drawing a high-powered coalition of African, Caribbean (CARICOM), and global leaders. The event, which comes at a time of heightened geopolitical and economic uncertainty, …
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The downgrade has also attracted criticism from the African Peer Review Mechanism (APRM), an arrangement established in 2003 by African Union states to monitor governance performance ANALYSIS | JOHN BASQUILL | The African Export-Import Bank (Afreximbank) has joined a pan-African governance unit in criticising Fitch Ratings’ downgrade to the multilateral development …
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On the payments front, the Pan-African Payments and Settlement System (PAPSS) continues to gain traction, with KCB Group in Kenya and Bank of Kigali in Rwanda integrating the platform ANALYSIS | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank has posted a net income of US$215 million for the first …
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