Afreximbank has reaffirmed its commitment to scaling up intra-African trade, industrialisation, and value-chain development under the African Continental Free Trade Area, pledging stronger trade-financing instruments and deeper policy support to ensure that no African country is left behind in the rollout of the single continental market.
The assurances were given in Abuja on Monday by the Director of Trade Facilitation and Investment Promotion, Intra-African Trade and Export Development at Afreximbank, Gainmore Zanamwe, during his address at the AfCFTA Public Sector, Private Sector, and Press Summit.
Zanamwe, in his address made available to our correspondent, said Afreximbank has deliberately designed a suite of innovative financing tools to unlock new levels of trade and investment flows across the continent.
“Afreximbank designed a range of financing and trade facilitation instruments to support intra-African trade and the AfCFTA,” he said. “We disbursed $20n between 2017 and 2021 in support of intra-African trade and investment, and we are on course to double this to $40bn by 2026.”
He highlighted two flagship interventions—the Global Facility for Intra-African Trade Champions and the Engineer, Procure and Contract Initiative—which he described as catalytic vehicles for building homegrown industrial champions and expanding Africa’s productive capacity.
