Afreximbank Targets $40 Billion to Boost Intra-African Trade and AfCFTA Implementation

Afreximbank is targeting $40 billion by 2026 to boost intra-African trade and the AfCFTA. The bank has already disbursed $20 billion between 2017 and 2021 to support trade within Africa.

The focus is on implementing the AfCFTA agreement with the involvement of both public and private sectors. The recent P3 Summit in Abuja highlighted the commitment to overcoming challenges and seizing opportunities under the AfCFTA.

Former President Benedict Oramah prioritized intra-African trade, and the new President, Dr. Georg Elo, continues this focus.