T
Originally published by The Standard Business
đź“° Read Full Article
September 10, 2025
6h ago

'This is my plea': Exiting Afreximbank chief calls on African banks to close trade finance gap

'This is my plea': Exiting Afreximbank chief calls on African banks to close trade finance gap

Oramah expressed particular frustration at the absence of African development banks, commercial lenders, and credit insurers...

✨ Key Highlights

Outgoing Afreximbank President Benedict Oramah made a heartfelt appeal for African financial institutions to address the continent's $100 billion trade finance gap during his farewell address at the close of IATF2025 in Algiers.

  • The Intra-African Trade Fair (IATF2025) concluded with $48.3 billion in deals signed, witnessing attendance from 20 heads of state and 100,000 attendees.
  • Oramah expressed frustration over the absence of other African development banks, commercial lenders, and credit insurers, emphasizing that Afreximbank cannot close the finance gap alone.
  • Oramah, who transformed Afreximbank into a $33 billion financial pillar, will hand over to Dr George Elombi, coinciding with the arrival of new AfDB leadership under Mauritanian economist Sidi Ould Tah.

Continue Reading

Read the complete article from The Standard Business

đź“° Read Full Article