Uganda alone generated roughly US$5.21 billion, approximately 18.23 trillion shillings, from gold exports between Nov 2024 and Oct 2025 Cairo, Egypt | THE INDEPENDENT | Africa is moving to reclaim control over its gold resources as Afreximbank and Egypt’s central bank advance plans for a pan-African bullion institution aimed at …
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He pledges to deepen Africa’s trade transformation Kampala, Uganda | THE INDEPENDENT | Dr. George Elombi has officially taken over as president and chairman of the African Export–Import Bank (Afreximbank), vowing to expand the lender’s role in financing Africa’s industrialisation, trade integration, and value addition to natural resources. Elombi succeeds …
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He championed the strengthening of socio-economic ties between Africa and the Caribbean, backed major industrial projects and initiatives like the Dangote Refinery and the African Medical Centre of Excellence Cairo, Egypt | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank, marked the end of an era as President and …
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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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