Transforming African Trade
In partnership with:
INSIGHT| DAVID THOMAS
Over 50% of CEOs surveyed about the impact of the African Continental Free Trade Area do not know where to access useful information on the project, according to the 2022 CEO Trade Survey.
The Survey finds optimism about the African Continental Free Trade Area but a significant demand from businesses for information on how it will work in practice. Continue reading…
Upcoming Featured Events
CREATIVE AFRICA NEXUS
25 – 27 November 2022, Sofitel Hotel Ivoire, Abidjan, Cote d’Ivoire
CANEX WKND, presented by the African Export-Import Bank (Afreximbank) in partnership with the Government of Côte d’Ivoire will be a 3-day gathering of creatives from across Africa and the diaspora, held in Abidjan between 25-27 November 2022. The event will be an important milestone in Afreximbank’s implementation of the Creative Africa Nexus (CANEX) programme; a multi-faceted intervention aimed at supporting and developing Africa’s rapidly growing creative sector. CANEX WKND will have a strong focus on creating meeting and networking opportunities between creatives, but more importantly between creatives and buyers.
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
More stories on Afreximbank
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.