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16 results for "afreximbank"
A major African financial institution just announced a $10 billion support package to help nations across Africa and the Caribbean weather economic challenges. The fund aims to strengthen financial stability and boost economic resilience across dozens of developing nations.
South Africa just became the 54th member of Africa's largest trade bank, unlocking $8 billion in financing for jobs, manufacturing, and mining. The move completes continental coverage and strengthens Africa's ability to fund its own future.
While the global economy stumbled in 2025, Africa's GDP growth accelerated to 4.5%, beating worldwide averages and showing remarkable resilience. The continent also slashed inflation in half and expanded trade to $1.5 trillion, proving economic fundamentals are stronger than ever.
Eight innovative startups from across Africa just landed up to $250,000 each from Afreximbank to build the digital infrastructure that will make cross-border trade seamless. Selected from over 1,600 applications, these companies are already processing billions in transactions and connecting thousands of businesses across 15 countries.
Eight innovative African startups just won a spot in a groundbreaking accelerator program that could reshape how the continent does business. Out of 1,600 applicants, these companies will receive up to $250,000 each plus mentorship to solve Africa's biggest trade challenges.
A major African bank is financing three new oil refineries in Nigeria to help the country produce its own fuel instead of buying from overseas. The move could stabilize prices and create thousands of jobs while reducing dependence on foreign markets.
Africa is launching its first strategic gold bank, and Egypt will serve as its headquarters. The new institution aims to strengthen African financial independence and reduce the continent's reliance on global trading centers.
The Dangote Refinery, Africa's biggest oil processing facility, just locked in $4 billion to strengthen its operations and help the continent become more energy independent. African financial institutions led the deal, betting big on homegrown solutions to reduce Africa's reliance on imported fuel.
A major development bank just approved $10 billion to help African and Caribbean nations weather economic shocks from Middle East conflict. The program will secure fuel, food, and medicine imports while building long-term economic resilience.
Mali is doubling down on vocational training that teaches more than just skills. The country's youth programs now emphasize patriotism and civic responsibility alongside career preparation.
African nations are building their own credit rating system to challenge agencies they say undervalue the continent's economies. The move could lower borrowing costs and unlock billions in development funding.
Africa's largest industrial conglomerate just unveiled a bold plan to grow its annual revenue to $100 billion by 2030, backed by the continent's leading export bank. The partnership could transform Africa's position in global manufacturing and end decades of import dependency.
African electric mobility company Spiro just landed $50 million to grow its battery-swapping network across six countries. The funding signals that clean transportation solutions are gaining serious traction on the continent.
Electric motorcycle company Spiro just secured one of Africa's largest mobility investments to expand its battery-swapping infrastructure across the continent. The strategy could make electric vehicles practical for millions who depend on motorcycles for their daily income.
African leaders just launched a new financing facility to unlock the continent's $2.5 trillion in domestic capital for roads, energy, and trade projects. The move marks a major step toward financial independence from external systems that often misprice Africa's development needs.
Nigeria just signed the agreement to host Africa's biggest trade fair in 2027, aiming for over $50 billion in deals. The event builds on a track record of $167 billion in trade agreements across just four previous editions.