Nigeria hosts 32nd Afreximbank Annual Meetings in Abuja June
By Jeph Ajobaju, Chief Copy Editor
Nigeria and Afreximbank have signed the Host Country Agreement for the 32nd Afreximbank Annual Meetings (AAM) in Abuja from 23 to 28 June 2025.
Afreximbank Annual Meetings is one of the most anticipated gatherings on the African continent, featuring high-level policy discussions, presentations, and side events on issues pertinent to the socio-economic development of Africa as well as business networking sessions that drive integration through trade and investments.
The 32nd Afreximbank Annual Meetings in June is expected to be the largest gathering of Global Africa in the Bank’s Annual Meetings history, bringing together over 6,000 delegates including Heads of State, government officials, captains of industry, businesspeople, decision-makers, academics, experts and advisors from Africa, the CARICOM region, and globally.
Wale Edun, Nigeria’s Finance and Economy Coordinating Minister, highlighted the country’s strong partnership with Afreximbank and its commitment to fostering trade and economic growth for Africa and beyond.
“Nigeria is honoured to host the 2025 Afreximbank Annual Meetings, which will serve as a critical platform to drive discussions on trade financing, economic growth, and investment opportunities across Africa,” he stressed.
“This event is a testament to our commitment to strengthening Africa’s financial sector and positioning Nigeria as a hub for economic transformation.”
Afreximbank President Board of Directors Chairman, Benedict Oramah, said: “We greatly appreciate the federal government of Nigeria’s acceptance to host the 2025 Afreximbank Annual Meetings, which demonstrates our united determination to accelerating Africa’s economic growth and development.
“The government of Nigeria has been a steadfast partner and a strong backbone of the Bank.
“It has consistently responded positively to capital calls, injecting significant equity into the Bank even when the economic environment seemed challenging; removing regulatory hurdles that would otherwise inhibit the Bank’s business in Nigeria, and being at the forefront of rallying continental support for the Bank.
“This year’s theme, ‘Building the Future on Decades of Resilience’, reflects the progress that we have made over the past three decades and the bold steps that are imperative to navigate the increasingly complex global landscape.
“The African Continental Free Trade Area (AfCTA) has given our continent an unrivalled opportunity to deliver sustainable economic transformation that will propel Africa’s economic growth and raise living standards and prosperity for all Africans.
“Afreximbank Annual Meetings will provide a platform to reflect on our journey, celebrate contributions, and chart a path forward that reinforces our continent’s economic independence and global influence.
“We look forward to welcoming and meeting stakeholders from across Africa and other parts of the world to Abuja for this prestigious event.”
Oramah reiterated that the Nigeria’s unwavering support for Afreximbank has been the primary driver of the Bank’s strong continental impact.
“The impact on the Nigerian economy is equally palpable. Being the largest recipient of the Bank’s trade and development finance, Nigeria has attracted cumulative disbursements of about US$52 billion in addition to being the first beneficiary of several flagship transformative projects being executed by the Bank such as the African Medical Centre of Excellence (AMCE), African Quality Assurance Centre (AQAC), Afreximbank African Trade Centre (AATC), among others.”
This year’s event comes on the backdrop of the highly successful 2024 AAM, held in Nassau, The Bahamas and attended by over 4,000 delegates, including more than 20 Heads of State, as well as government Ministers, high-level dignitaries, global experts, and world-renowned celebrities and artistes.
About Afreximbank
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance, facilitate and promote intra and extra-African trade.
It was established when the shareholders held their first General Meeting in Abuja in October 1993. Today, Nigeria is Afreximbank’s second-largest shareholder.
For over 30 years, the Bank has been deploying innovative instruments to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa.
A stalwart supporter of the AfCFTA, Afreximbank has in partnership with the African Union (AU) Commission and AfCFTA Secretariat launched the Pan-African Payment and Settlement System (PAPSS) which has been adopted by the AU as the payment and settlement platform to underpin the implementation of the AfCFTA agreement.
AfCFTA Secretariat and Afreximbank have created a US$10 billion Adjustment Fund to support countries to effectively participate in the AfCFTA.
At the end of December 2023, Afreximbank’s total assets and contingencies stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion.
Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB).
Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure, (together, “the Group”).
The Bank is headquartered in Cairo, Egypt.
For more information, visit: www.afreximbank.com
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