The President of the African Export-Import Bank (Afreximbank), Professor Benedict Oramah, has announced that the bank has mobilised over $250 billion to support Africa’s growth and development.
He made the disclosure at the ongoing 32nd Afreximbank Annual Meetings (AAM) in Abuja, stating that the funds were raised to finance developmental projects across the continent.
“With the backing of the Nigerian Government and the collective efforts of all our stakeholders, we have positioned the Bank at the forefront of Africa’s socio-economic development, rallying the support of political leaders and policymakers behind our mission,” Oramah said.
Speaking about the 32nd Annual Meetings, he noted that the event provides a platform for stakeholders to reflect on the bank’s achievements over the past decades, as well as on Africa’s shared resilience, innovation, and transformation.
“Over the past 32 years, we have mobilised over $250 billion into Africa, empowered industries long neglected by conventional financiers, and served as a lifeline during crises—from the COVID-19 pandemic to commodity shocks and broken supply chains,” he stated.
“The story of Afreximbank is one of defiance against doubt, of institution-building in the face of resistance, and of steadfast belief in Africa’s potential,” he added.
Oramah, who has served as President of the bank for the past 10 years, said that his role has given him firsthand exposure to the development challenges facing the continent.