August 2, 2025
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Afreximbank

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Afreximbank Business

Over $1 Billion Investment Secured at Afreximbank Annual Meetings 2025 to Bolster Economic Development Across Africa

The 2025 Annual Meetings of the African Export-Import Bank (Afreximbank) have concluded on a high note, with investment commitments exceeding $1 billion sealed to support infrastructure, industrialization, and trade expansion across the African continent. The event, which gathered policymakers, business leaders, and financial institutions from within and beyond Africa, served as a major platform for

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Afreximbank Business

Afreximbank Downgraded by Moody’s and Fitch: Development Mandate vs. Market Standards

Cairo, July 9, 2025 — Africa’s premier trade finance institution, Afreximbank, has recently been hit by two consecutive credit rating downgrades that have sparked intense debate between development-driven priorities and strict global financial metrics. Moody’s on July 1 downgraded Afreximbank’s long-term issuer rating from Baa1 to Baa2, citing concerns over weaker asset performance and a shift

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Afreximbank General

Obasanjo Recounts 1999 Economic Crisis, Stresses Need for Anti-Corruption at Afreximbank Forum

July 8, 2025 | Cairo, Egypt Former President Olusegun Obasanjo has revisited the economic challenges that greeted his administration in 1999, highlighting the urgent and difficult reforms that were necessary to steer Nigeria back from the brink of collapse. Speaking at the 32nd Afreximbank Annual Meetings, Obasanjo recalled that Nigeria was burdened with an unsustainable

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Afreximbank General

Dr. George Elombi Appointed as New President of Afreximbank

In a significant leadership transition, Dr. George Elombi has been named the new President of the African Export-Import Bank (Afreximbank), succeeding Prof. Benedict Oramah. The announcement was made following the conclusion of the 32nd Annual General Meetings of the bank, held in Abuja, Nigeria. Dr. Elombi, a seasoned executive within Afreximbank, brings over two decades

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Afreximbank General

Tinubu Honours Afreximbank Boss Oramah With GCON, Unveils $5BN Africa Energy Bank

Abuja, Nigeria June 28, 2025 President Bola Tinubu made waves Friday, bestowing one of Nigeria’s highest honours – the Grand Commander of the Order of the Niger (GCON), on Professor Benedict Oramah, President of Afreximbank. The powerful gesture recognised Oramah’s “transformative” decade-long leadership of Africa’s premier trade finance bank. Why He Got the Gong: Energy

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Afreximbank General

Nigeria to Host $5bn Textile Mega-Factory as Afreximbank Unveils Major Industrial Push

Abuja, Nigeria June 28, 2025 Nigeria’s struggling textile sector is set for a colossal boost! The African Export Import Bank (Afreximbank) announced Friday it will start building a gigantic $5 billion integrated textile factory right here in Nigeria next month. This mega project, revealed by Afreximbank’s outgoing President, Benedict Oramah, is a major part of the

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Afreximbank Business

Afreximbank Committed $120bn to Africa’s Growth Between 2020–2025 — Oramah

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

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Afreximbank Business

Nigeria Hosts 2025 Afreximbank Annual Meetings, Builds Momentum After West Africa Economic Summit

ABUJA — Nigeria has officially commenced hosting duties for the 2025 Afreximbank Annual Meetings (AAM), bringing together key stakeholders from across Africa and the global financial landscape to discuss trade, investment, and continental economic integration. The event comes just days after the successful conclusion of the West Africa Economic Summit (WAES), where regional leaders united

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Afreximbank Finance General

Afreximbank Rejects Fitch Downgrade, Citing Misinterpretation of Treaty Protections

The African Export-Import Bank (Afreximbank) has strongly condemned Fitch Ratings’ recent decision to downgrade its credit rating, describing the move as based on a flawed understanding of its treaty obligations. Last week, Fitch lowered Afreximbank’s rating from BBB to BBB-, placing it dangerously close to speculative or “junk” status. The downgrade was attributed mainly to

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