Afreximbank has reaffirmed its commitment to accelerating intra-African trade and industrialisation under the African Continental Free Trade Area, pledging to double its support for trade and investment across the continent to $40 billion by 2026. The pledge was highlighted during the AfCFTA Public Sector, Private Sector, and Press Summit in Abuja, where the bank outlined a suite of innovative financing tools designed to unlock new levels of trade and value-chain development for African countries.
Through flagship programmes such as INTRA-CHAMPS and the Engineer, Procure and Contract Initiative, Afreximbank is helping African companies expand across borders, supporting industrial champions and strengthening regional production capacity. These interventions have already facilitated the pan-African growth of major industrial players, demonstrating that when equipped with the right tools, African businesses can lead the continent’s industrial transformation.
The bank also underscored its commitment to ensuring no African country is left behind in the AfCFTA rollout, establishing a $1 billion AfCFTA Adjustment Fund to assist nations transitioning to the single continental market. Part of this fund, including $100 million for commercial projects, is already operational, helping countries manage tariff adjustments and policy reforms.
Afreximbank’s strategy extends beyond financing trade, aiming to enhance standards, quality assurance, and export competitiveness across the continent. The bank is actively supporting quality infrastructure initiatives and encouraging countries like Nigeria to strengthen regulatory frameworks to fully leverage regional value chains.
With these initiatives, Afreximbank positions itself as a key driver of Africa’s industrialisation and integrated trade agenda, emphasizing that the future of African commerce is continental, industrialized, and inclusive.
