Transforming Africa’s Trade
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ANALYSIS| NEIL FORD
For two regions with such a deeply entwined history, economic ties between Africa and the Caribbean are relatively limited. However, the creation of the African Continental Free Trade Area (AfCFTA) has reinvigorated African initiatives to promote trade with the rest of the world.
Is now the time for Africa to rebuild its trading relations with the Caribbean? Continue reading…
The Sixth Annual
BABACAR NDIAYE LECTURE
14 October 2022, Washington DC, USA
Since its inception in 2017, the Babacar Ndiaye Lecture has become one of the highlights on the Afreximbank calendar. Held annually on the sidelines of the World Bank meetings, this one-of-kind event serves as a nexus for Afreximbank shareholders, partners and professionals, along with existing and potential clients spanning all industries.
This year’s keynote speaker will be H.E. Mia Amor Mottley, QC, Prime Minister of Barbados, on the theme The Place of the Developing World in a Turbulent Global Financial Architecture.
INTERVIEW | STEPHEN WILLIAMS
Africa today accounts for more than 17% of the world’s population but only around 2.6% of world trade and less than 3% of the world’s GDP.
The AfCFTA is expected to reverse this marginalisation. Read the interview…
Knowledge & Research
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African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. Afreximbank deploys innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Afreximbank is working with the AU and the AfCFTA Secretariat to develop an Adjustment Facility to support countries in effectively participating in the AfCFTA. At the end of 2021, the Bank’s total assets and guarantees stood at about US$25 billion, and its shareholder funds amounted to US$4 billion. Afreximbank disbursed more than US$51 billion between 2016 and 2021. The Bank has ratings assigned by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). The Bank is headquartered in Cairo, Egypt.