'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.
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