Africa: Afreximbank Pledges U.S.$25 Billion for Intra-African Trade

23 March 2018

Abuja — The African Export-Import Bank (Afreximbank) will disburse about $25 billion in support of intra-African trade for five years ending in 2021 under an Intra-African Trade Strategy, which it launched in 2016 in anticipation of the African Continental Free Trade Area (AfCFTA).

Afreximbank President, Dr. Benedict Oramah, announced in Kigali, Rwanda at a special luncheon for heads of states and delegates attending the signing of the agreement for the launch of the AfCFTA that the Strategy drew inspiration from the African Union's Action Plan for Boosting Intra-African Trade and the Action Plan for Accelerated Industrial Development in Africa.

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