Nigeria’s Intra-African Trade Drops by 12% to N842.6bn in Q1   Nigeria’s intra-African trade has continued to underperform expectations despite the commencement of the African Continental Free Trade Area (AfCFTA) as the trade value fell Year-on-Year (YoY) to N842.6 billion in the first quarter of 2023...

Afreximbank Disburses $15bn For Intra-African trade   The African Export-Import Bank (Afreximbank), said it has already disbursed $15 billion out of the $25 billion it committed in support of intra-African trade, under its current five-year strategic plan. The region’s multilateral financial institution devoted to financing and promoting...

Trade Malpractices, Low Export Variety Hinder Intra-African Trade     With intra-African trade at low levels of 15 per cent despite different schemes to boost activities in the continent, the Economic Community of West African States (ECOWAS) has said the inability of African countries to produce exportable...

Afreximbank Campaigns For Intra-African Trade   More calls are coming in support of the African Continental free Trade Area agreement, with one of the most recent calls emanating from the African Export and Import Bank. The Chairman and President, Afreximbank, Benedict Oramah, made the call recently while...

Afreximbank Opens $800m Credit lines for 55 banks The African Export-Import Bank (Afreximbank) has opened credit lines amounting to $800 million in 55 banks across Africa to facilitate the confirmation of letters of credit to support intra-African trade. Mr Obi Emekekwue, the bank’s Director and Global...

Intra-African Trade: Afreximbank Pledges $25bn   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...