The African Export-Import Bank (Afreximbank) has launched its flagship African Trade Report 2025, themed “African Trade in a Changing Global Financial Architecture,” during its Annual Meetings in Abuja.
The report examines Africa’s trade performance amid rising geopolitical tensions, new trade barriers, and financial uncertainty, while offering strategies to strengthen resilience and deepen economic integration.
Afreximbank President, Professor Benedict Oramah, said the report outlines how Africa can convert global fragmentation into opportunities for industrialisation and financial sovereignty.
Despite global challenges, Afreximbank’s Group Chief Economist, Dr. Yemi Kale, revealed that intra-African trade grew by 12.4% in 2024 to US$220.3 billion, reflecting the impact of AfCFTA implementation. Africa’s total merchandise trade also surged by 13.9% to US$1.5 trillion.
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However, Africa still accounts for just 3.3% of global exports. The report calls for a shift from commodity exports to industrialisation, while bridging a US$100 billion trade finance gap.
It also highlights the growing role of the Pan-African Payment and Settlement System (PAPSS), the Alliance of African Multilateral Financial Institutions (AAMFI), and Africa’s new G20 seat in advocating for fairer global reforms.
Afreximbank disbursed US$17.5 billion in trade finance in 2024 and aims to reach US$40 billion by 2026.
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