Afreximbank to double intra-African trade financing to $40bn by 2026

This bank’s intra-African trade financing stood at 20 billion dollars in 2021. Kanayo Awani, Afreximbank’s Executive Vice President, made the disclosure at the Intra-African Trade Fair 2023 (IATF) Nigeria High Level Business Roadshow on Monday in Lagos.

The News Agency of Nigeria (NAN) reports that IATF 2023, scheduled for November 9 to Nov. 15, in Egypt, is organised by Afreximbank, African Union Commission and the Africa Continent Free Trade Area (AfCFTA) Secretariat.