Afreximbank Unveils Plan for Enhancing Exports from Egypt

April 20, 2025

Benedict Oramah, President of Afreximbank, pointed to Africa's evolving trade footprint, noting that the continent's share in global trade has risen from 10% in the 1990s to 15% by the end of 2023. He added that Africa's GDP has now reached $3 trillion, signalling growing economic momentum.

(3 Minutes Read)

The initiative includes both direct financing, targeting sectors such as banking and strategic commodities, and indirect support for African projects led by Egyptian firms.

Speaking at the FOCUS Africa Investment and Trade Forum held in Cairo recently, Ayman El-Zoghbi, Head of Intra-African Trade, Investment, and Corporate Finance at Afreximbank, detailed the bank’s 2025 support plan for Egypt.

The initiative includes both direct financing, targeting sectors such as banking and strategic commodities, and indirect support for African projects led by Egyptian firms. The forum, jointly organised by Afreximbank, Egypt’s Ministry of International Cooperation, and the Group of African Ambassadors, brought together policymakers and business leaders to explore synergies under the African Continental Free Trade Area (AfCFTA).

Benedict Oramah, President of Afreximbank, pointed to Africa’s evolving trade footprint, noting that the continent’s share in global trade has risen from 10% in the 1990s to 15% by the end of 2023. He added that Africa’s GDP has now reached $3 trillion, signalling growing economic momentum.

Further emphasising the continent’s development potential, Kanayo Awani, Afreximbank’s Deputy President, disclosed that the bank has already extended $13 billion in support to African contractors working on infrastructure projects. She underscored the importance of African-led financing solutions to meet the continent’s infrastructure needs.