Lagos, Nigeria — June 2025
President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has reaffirmed the Bank’s steadfast dedication to Africa’s economic transformation, revealing that it committed a staggering $120 billion to support the continent’s development between 2020 and 2025.
Prof. Oramah made this disclosure while delivering a keynote address on Day 3 of the ongoing conference, where he outlined the Bank’s strategic interventions aimed at enhancing intra-African trade, industrialization, and economic resilience.
“Our support is not just financial—it’s structural and long-term,” Oramah stated. “Between 2020 and 2025, Afreximbank has injected $120 billion into Africa’s development, including financing for trade, infrastructure, healthcare, and industrial expansion.”
He emphasized the importance of financial sovereignty for African economies, stressing that the Bank remains committed to providing homegrown solutions that strengthen the continent’s independence in global commerce. According to him, the investments reflect Afreximbank’s core mandate to promote and finance intra- and extra-African trade under the African Continental Free Trade Area (AfCFTA) framework.
Prof. Oramah also lauded recent efforts by African governments to foster integration and build robust institutions that can withstand global economic shocks, adding that the Bank will continue to serve as a dependable partner in actualizing Africa’s development goals.
The keynote resonated strongly with policymakers, investors, and development partners in attendance, many of whom praised the Bank’s bold initiatives and financial interventions, especially in the wake of COVID-19 and other global disruptions.
The conference continues with high-level sessions focusing on trade facilitation, industrial finance, and digital innovation across the continent.
