Browsing: Afreximbank

• Fitch Ratings ‘negative outlook’ on Afreximbank brings up a debate on how multilateral development finance institutions operating under treaty law should be evaluated.
• Afreximbank’s position is that risk assessments must take into account not just financial data but also the institutional frameworks and legal covenants that define its operations.
• The bank urges a more nuanced understanding of institutions like itself—whose mandates, legal structures, and risk profiles are unlike those of commercial entities.

The African Export-Import Bank (Afreximbank) has come out guns blazing, defending its financial and operational integrity following the June 4^th undertaking by global credit ratings agency Fitch to assign a negative outlook to the institution. At the heart of the matter lies a divergence in the interpretation of risk—particularly concerning sovereign debt—and the legal sanctity of the treaty that underpins Afreximbank’s core business.

Despite Fitch’s concern, Afreximbank maintains it operates under exceptionally high standards of financial transparency …

• The African Peer Review Mechanism (APRM) defends Pan-African Lender, Afreximbank, challenges western risk metrics.
• On 4 June 2025, Fitch Ratings revised the bank’s long-term foreign currency issuer default rating downward from ‘BBB’ to ‘BBB-’ and assigned a negative outlook.
• Fitch claims lender has 7.1% non-performing loan ratio while as lender places its NPL at a lower 2.44%.

The African Peer Review Mechanism (APRM) has strongly criticized Fitch Ratings over its recent decision to downgrade the African Export-Import Bank (Afreximbank), describing the move as flawed and based on a fundamental misunderstanding of intra-African financial architecture.

On 4 June 2025, Fitch Ratings revised Afreximbank’s long-term foreign currency issuer default rating downward from ‘BBB’ to ‘BBB-’ and assigned a negative outlook. The agency justified its decision by citing increased credit risks and alleged deficiencies in risk management, singling out what it claimed to be a 7.1 per cent non-performing loan (NPL) ratio.

According …

• Afreximbank posts strong net earnings of $215 million, a 21% increase year-on-year from $178 million in the prior period.
• Net interest income increased by 4.53% to $411.2 million compared to Q1 2024, attributable to growth in interest earning assets.
• Fee income from guarantees and letters of credit growth by 47% and 36% respectively during the quarter.

The African Export-Import Bank, widely referred as Afreximbank has reported a 21 per cent increase in its net earnings to $215 million for the first three months of 2025. According to an update on May 22, the lender said its performance for the period ended March 31, 2025, met expectations with solid profitability, strengthened liquidity and a resilient capital base.

“Our Q1 2025 results, which were in line with expectations, reflected a strong and resilient financial performance, notwithstanding continued macroeconomic challenges. With solid profitability growth, a strengthened liquidity position, and a well-capitalised balance sheet, …

• The boost to creative industry is part of the Afreximbank’s Creative Africa Nexus Programme (CANEX), which seeks to enhance growth and impact of the entertainment sector in the continent.
• Funding will be critical in promoting the production and distribution of high-quality films and TV series around the world, furthering Africa’s cultural appeal and influence.
• It will also help catalyse attracting and directing global capital into Africa’s film and TV production industry.

The push to develop the nascent creative industry in Africa has received a timely boost with the African Export-Import Bank (Afreximbank) unveiling a $1 billion fund to position the growing segment in the global arena.

In an update, the Afreximbank has unveiled Africa Film Fund, an initiative that is part of the lender’s Creative Africa Nexus Programme (CANEX), which seeks to enhance growth and impact of the creative industry across the continent.

“Film is a cornerstone of the Creative …

• Afreximbank is set to equip traders with vital tools to navigate both tariff and non-tariff barriers in AfCFTA.
• In a June 30 to July 2, 2025, forum in Abuja, the lender will coach both prospective and existing exporters on emerging intra-Africa trade issues.
• So far, limited understanding of AFCFTA’s technical and operational aspects has barred many firms from leveraging the bloc’s benefits.

Lender Afreximbank is rolling out a bespoke training, targeting traders across Africa with key insights on how to leverage on the opportunities presented by the African Continental Free Trade Area (AfCFTA), the world’s largest trading bloc by member countries, to grow their investments.

Statistics show that ntra-African trade has the potential to increase by over 52 per cent this year if the AfCFTA is fully implemented, and could reach a value of over $70 billion annually in the short term.

Furthermore, studies by the United Nations Economic Commission …

• FOCUS Africa 2025 forum in Cairo aims at showcasing bankable projects capable of attracting capital.
• With a market of 1.4 billion people and a combined GDP of over $3.1 trillion, the African Continental Free Trade Area (AfCFTA)—presents huge opportunities.
• Afreximbank chief notes that globalisation, as we know it, is under life support.

Policymakers on trade across Africa have met in Cairo, Egypt, for the FOCUS Africa 2025 conference, in yet another push by the continent to enhance trade between countries.

The two-day meeting, 15-16 April, 2025, has seen leaders from various economies exchange views on how to address several investment challenges while unlocking high-impact trade opportunities in the continent.

Some of the key focus areas in the meeting organised by the African Export-Import Bank (Afreximbank), in collaboration with the Ministry of Planning, Economic Development and International Cooperation (MoPEDIC) of Egypt and the Group of African Ambassadors in …

• Part of Afreximbank’s funding will go to Dongo Kundu Industrial Park within the Mombasa Special Economic Zone.
• Another chunk will finance the construction of Naivasha II SEZ that includes a free trade zone, an industrial park, a logistics zone and a public utility area.
• The Naivasha II project will also derive value from its strategic position as it sits on the gateway to East and Central Africa through the Northern Corridor Transport System that serves Uganda, South Sudan, DRC among other countries.

The Afreximbank has entered into a financing agreement with Kenya to finance the development of industrial parks, special economic zones, and export-oriented manufacturing projects to the tune of $3 billion.

In an update, the trade development lender said this three-year investment plan will be critical in bolstering Kenya’s export manufacturing at a time when the East African nation is keen on reviving its ailing manufacturing industry.

“These Parks …

• Development of the Misurata Free Zone, road to Chad and Niger, and support for the Sahel-Saharan Bank for Investment and Trade are some of the key projects targeted in new era of cooperation.
• The partnership is poised to facilitate the development of vital infrastructure, bolster trade, and support Libya’s efforts in economic diversification and reconstruction.
• With a GDP of $50.49Bn in 2023, Libya is ranked as Africa’s 12th largest economy. However, less than 10% of its trade occurs with other African nations.

Libya has formally acceded to the Afreximbank Establishment Agreement, becoming the 53rd member nation of the pan-African financial institution. The entry of oil-rich Libya marks a crucial step in advancing continental integration through trade and investment.

Signed by Libya’s Minister of Finance, Dr. Khaled Al-Mabrouk Abdullah, the accession document sets the foundation for a new era of cooperation between Libya and African Export-Import Bank (Afreximbank). The partnership is …

• Since 2014, AFC has invested over $1 billion in Africa’s mining of precious metals and critical minerals across several countries.
• The latest partnerships will further strengthen the sector by driving significant capital flow into the continent. 
• According to the United Nations Conference on Trade and Development (UNCTAD), two-thirds of developing countries depend on commodities.

Boosting the mining of precious metals in Africa

Africa’s mining sector is poised for significant developments as the Africa Finance Corporation (AFC) throws its weight behind the industry, a key driver of economicjordan air force 1 castelli gabba yeezy shoes under 1000 jordan proto max 720 yeezy boost 350 v2 hyperspace durex intense vibrations ring air jordan 1 element brock purdy jersey dallas cowboys slippers mens custom kings jersey custom dallas stars jersey air jordan 1 element uberlube luxury lubricant air jordan 1 low flyease custom dallas stars jersey growth in commodity-dependent countries.

AFC, the …

• As AfCFTA becomes a part of the daily business environment, governments and businesses need to know how product standards and regulations protect traders and the society.
• Governments need to create an enabling environment for investors, which becomes more attractive to foreign direct investment if harmonization of standards exists.
• Other trading blocs such as the European Union are strong because they collaborate on standards and compliance regulations.

The African continent presents huge potential for growth, and the recently introduced African Continental Free Trade Area (AfCFTA) agreement promises to underpin trade facilitation and economic expansion, becoming the largest free trade area since the formation of the World Trade Organization in 1995.

The longest journey starts with a single step. Governments, public bodies, private institutions, and investors are engaging in conversations with a pointed focus on compliance standards, verification of conformities, and regulatory alignment to encourage safe import and export.

Africa’s current population …