African Export-Import Bank (Afreximbank)

𝐀𝐟𝐫𝐞𝐱𝐢𝐦𝐛𝐚𝐧𝐤 𝐃𝐞𝐞𝐩𝐞𝐧𝐬 𝐓𝐢𝐞𝐬 𝐰𝐢𝐭𝐡 𝐒𝐮𝐫𝐢𝐧𝐚𝐦𝐞! 🇸🇷 Yesterday in Paramaribo, Suriname, H.E. President Chandrikapersad Santokhi welcomed Afreximbank’s President Prof. Benedict Oramah for high-level discussions on trade, investment, and economic cooperation. The talks centered on unlocking benefits of Afreximbank’s Partnership Agreement for Suriname, advancing financing discussions for Energy projects, and facilitating smoother business engagements through diplomatic privileges. Suriname is also set to participate in the 2025 AfriCaribbean Trade & Investment Forum in Grenada and Afreximbank’s Annual Meetings in Abuja, further strengthening regional economic ties. During his visit, President Oramah also delivered a special address at the International Business Conference - Guyana / Suriname (IBC) on Unlocking the Potential of Suriname: A Path Towards Growth and Prosperity. His speech highlighted Afreximbank’s commitment to supporting Suriname’s economic transformation and fostering deeper Africa-Caribbean trade relations. This engagement marks another milestone in the growing partnership between Afreximbank and Suriname, paving the way for new opportunities and economic growth! #AfriCaribbeanTrade #Suriname #Afreximbank #TradeFinance #EconomicGrowth

How Can Africa Build a Resilient and Sustainable Commodity Sector? Speaking at the Investing in African Mining Indaba in Cape Town, Mrs. HELEN AIGBE BRUME, ACCA, Director & Global Head, Project & Asset-Based Finance at Afreximbank, outlined key strategies for strengthening Africa’s commodity sector. She emphasized shifting from raw material exports to value addition, with investments in Special Economic Zones (SEZs) in the DRC and Zambia tapping into the $8.8 trillion EV market opportunity by 2030. The African Continental Free Trade Area (AfCFTA) provides a platform to boost intra-African trade and attract investment, while Afreximbank’s $2 billion commitment to SEZs and $236 million in mining projects supports industrialization. Through AFRACAD, the bank is also training 100,000 professionals to build local expertise. Additionally, the Afreximbank Guarantee Programme (AFGAP) is helping de-risk investments. With SEZ implementation set to begin in 2025, Africa is well-positioned to harness its commodity wealth for sustainable growth. #Afreximbank #AfricaTrade #MI25

Earlier today, at the Investing in African Mining Indaba in Cape Town, Ketiwe Banda Lwando MBA, Bsc, Senior Manager, Commodity Trade Finance – Africa at Afreximbank, joined Andrew Monk, CEO of VSA Capital; Jill E. Cooper, Director at Orion Resource Partners; and Quiton Adams, Director at Copper360 to lead an insightful discussion on the future of copper—a mineral essential to global industrialization and the energy transition. Copper remains a critical resource, with demand driven mainly by China, which holds the world’s largest smelting capacity. However, its future demand will be influenced by various factors, including advancements in AI, the pace of the energy transition, geopolitical shifts, industrialization, and broader macroeconomic trends. From an African perspective, the Democratic Republic of Congo and Zambia continue to be key producers, boasting some of the highest-grade copper reserves in the world. As these nations strengthen their role in global supply chains, Afreximbank remains committed to supporting its member states in seizing opportunities within the copper sector, providing financial solutions that drive growth, value addition, and long-term sustainability. With the world moving towards a greener economy, Africa’s copper industry is set to become even more influential in shaping the future of energy and trade. Afreximbank ensures Africa fully capitalizes on mineral wealth to drive economic transformation. #Afreximbank #MiningIndaba2025 #Copper #CommodityTrade #AfricaMining #EnergyTransition

AfrexInsure Strengthens African Insurance Partnerships in Dubai AfrexInsure CEO, Jonas Mushosho and Business Development Manager Alson Nhari joined Price Forbes' Shreyaa Vohra and Denzel Mensah, along with Kayode Awogboro of Ark Insurance Group, for a high-impact roadshow in Dubai. Over two days, they engaged top reinsurance and retrocession providers, structuring deals to strengthen Africa’s speciality insurance market. Key meetings included Abu Dhabi National Insurance Company PJSC (ADNIC), Zurich Insurance, Sukoon Insurance, Chaucer Group, elseco Limited, MENA RE, Markel International Dubai, and Berkshire Hathaway Specialty Insurance. AfrexInsure remains committed to delivering world-class risk solutions for Africa. #AfrexInsure #Insurance #Dubai #AfricaTrade

Who Truly Benefits from Africa’s Critical Minerals? Africa holds 30% of the world's mineral reserves, yet the continent remains at the lower end of global value chains. While cobalt, manganese, graphite, and aluminium are vital for the energy transition, they are often exported with little local processing, leaving African nations at the lower rungs of global value chains. The real question is: Are these minerals critical for Africa’s development—or just for global industries? Today, at the 2025 Investing in African Mining Indaba, Afreximbank's Executive Vice President, Mrs Kanayo Awani, challenged the status quo and called for Africa to take ownership of its mineral wealth. Afreximbank drives this transformation through initiatives like the US$10 billion AfCFTA Adjustment Fund, the USD 500 million Concessionary Finance Window, and the DRC-Zambia Battery Precursor Manufacturing Special Economic Zones Initiative. These efforts are designed to shift Africa from being an exporter of raw materials to a global leader in mineral processing and manufacturing. Now is the time to rethink Africa’s role in the global supply chain. If Africa is to truly harness its mineral wealth, governments, financial institutions, and industry leaders must work together to invest in local beneficiation, create sustainable jobs, and build resilient economies. The future of Africa’s minerals must serve Africa’s people. It’s time to redefine “critical” for the continent's benefit. #Afreximbank #MiningIndaba2025 #CriticalMinerals

Day 1 at Mining Indaba: Advancing Africa’s Mining Potential Afreximbank kicked off Day 1 at Investing in African Mining Indaba with high-impact engagements, including strategic bilateral meetings, insightful industry events, and a strong presence at our exhibition stand, showcasing the Bank’s innovative financial solutions for the mining sector. Leading our delegation are Mr. Denys Denya, Senior Executive Vice President, Finance, Administration & Banking Services, and Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development alongside other senior executives, reinforcing Afreximbank’s commitment to driving sustainable mining investments and value addition across Africa. Swipe through for highlights from the day, and stay tuned for more key moments, partnerships, and insights from the continent’s premier mining event. #MiningIndaba #Afreximbank #InvestingInAfricanMining

Powering Africa’s Green Energy Future Africa holds the key to the world’s green energy future, but unlocking its vast mineral wealth requires a strategic approach that balances investment, sustainability, and local value creation. Speaking at the Critical Minerals Panel during the ongoing Investing in African Mining Indaba | African Mining Conference in Cape Town, HELEN AIGBE BRUME, ACCA, Director & Global Head of Project & Asset-Based Finance at Afreximbank, highlighted the importance of strong policies, infrastructure development, and innovative financing in positioning Africa at the forefront of the global energy transition. To secure financing for ‘green’ metals projects while ensuring Africa decarbonizes internally, countries must establish robust policies that promote local mineral processing and create special economic zones (SEZs) that foster industrialization. Afreximbank has been at the forefront of this transformation, investing over $2 billion in SEZs, including the DRC-Zambia Battery Precursor Manufacturing initiative, which is set to position both countries as major players in the battery and electric vehicle value chain. Financing remains a critical factor in unlocking Africa’s mineral potential. Afreximbank has approved $500 million in concessional financing to support climate-resilient infrastructure and local beneficiation. The Bank also mitigates investment risks through the Afreximbank Guarantee Programme (AFGAP), making African projects more attractive to global investors. International partnerships are crucial in this transition, mobilizing funding, sharing technical expertise, and ensuring African nations adhere to global sustainability standards while safeguarding economic growth. By capturing even a small share of the global battery market, Africa could generate between 500,000 and one million jobs, boost local economies, and increase clean energy demand by as much as 30%. This shift from raw material exports to domestic processing will create opportunities for industrialization and drive sustainable economic growth. The future of Africa’s green industrialization is within reach—one that prioritizes value addition, sustainability, and long-term prosperity for the continent. #Afreximbank #GreenMetals #EnergyTransition

Unlocking Africa’s Mining Potential at the Mining Indaba Starting the week with Afreximbank at the Investing in African Mining Indaba | African Mining Conference in Cape Town, where Mr. Denys Denya, Senior Executive Vice President of Afreximbank, delivered a keynote at the Ministerial Symposium. Africa holds over 30% of the world’s mineral reserves but captures little of the value due to its reliance on raw material exports. This limits industrialization, job creation, and economic resilience. To change this, Africa must move from extraction to value addition through investments in refining, manufacturing, and regional value chains under the AfCFTA. As Mr. Denya stated: "Africa must no longer be a mere supplier of raw materials but a global leader in mineral-based industries. To achieve this, we must prioritize beneficiation, regional collaboration, and industrialization." He also emphasized Afreximbank’s commitment to this transformation: "Through initiatives like the $10 billion AfCFTA Adjustment Fund,Pan-African Payment & Settlement System - PAPSS, and the development of Special Economic Zones, Afreximbank is ensuring Africa captures more value from its natural resources and drives sustainable economic growth." Countries like Guinea, Ghana, Egypt, the DRC, and Zambia are already taking significant steps in mineral processing and battery manufacturing, demonstrating the continent’s potential to lead in the global energy transition. Unlocking Africa’s mining potential requires bold policies, private sector investment, and regional collaboration. With the right strategy, Africa can move beyond being a raw material supplier to a sustainable mining and industrialization powerhouse. #Afreximbank #MiningIndaba #AfricaMining #ValueAddition #AfCFTA #PAPSS #EnergyTransition #Industrialization #TradeFinance #SustainableMining

Unlocking Africa’s Creative Potential Afreximbank welcomed H.E. Hannatu Musa Musawa, Nigeria’s Minister of Art, Culture, and the Creative Economy, and her delegation to Cairo. In discussions with Prof. Benedict Oramah, President & Chairman of the Board, and Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade & Export Development, the Bank reaffirmed the transformative power of Africa’s creative industries in driving economic growth. The Minister commended the collaboration with #Afreximbank under the Creative Africa Nexus - CANEX initiative to strengthen Nigeria’s creative economy and implement the Ministry’s 2030 Roadmap. Through CANEX, Afreximbank is expanding Africa’s footprint in global creative trade by providing tailored financing, capacity building, and market access for creative entrepreneurs. This partnership underscores a shared commitment to unlocking the full potential of Africa’s creative and cultural industries. #Afreximbank #CANEX #CreativeEconomy #TradeFinance

Afreximbank Strengthens Strategic Ties with Tanzania Afreximbank is deepening its commitment to Tanzania’s economic transformation by expanding trade and investment opportunities. While attending just-concluded Mission 300 Africa Energy Summit in Dar es Salaam hosted by the African Development Bank (AfDB), Mr. Haytham ElMaayergi, Executive Vice President, Global Trade Bank led an Afreximbank delegation, including the East Africa Office, to engage with key stakeholders on advancing economic growth. During a strategic meeting with Mr. Emmanuel Tutuba, Governor of the Bank of Tanzania, discussions focused on enhancing liquidity to support financial institutions, government entities, and businesses. The engagement also explored accelerating the adoption of the Pan-African Payment & Settlement System - PAPSS to enable seamless cross-border transactions and strengthening Tanzania’s role in global trade through the Fund for Export Development in Africa (FEDA). With a clear vision for Africa’s future, Afreximbank remains a steadfast partner in driving Tanzania’s economic growth and fostering regional integration. #Afreximbank #Tanzania #AfricaEnergySummit #TradeFinance #PAPSS #FEDA #EconomicGrowth