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Originally published by The Standard Business
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May 15, 2026
4h ago

Afreximbank bets on $10bn crisis fund, gold bank to bolster African sovereignty

Afreximbank bets on $10bn crisis fund, gold bank to bolster African sovereignty

The bank continues to champion the Pan-African Payment and Settlement System, also backed by Kenya and the MANSA digital verification platform as foundational infrastructure...

✨ Key Highlights

Afreximbank and Egypt have launched a $10 billion crisis response program and are planning a pan-African Gold Bank to enhance economic self-reliance and intra-African trade.

  • The initiative aims to shield African nations, including Kenya, from global supply chain shocks and reduce dependence on external financial systems.
  • Key figures include Afreximbank President George Elombi and Egypt's Central Bank Governor Hassan Abdalla.
  • Egypt will host the 33rd Afreximbank Annual Meetings in New Alamein from June 21-24, focusing on intra-African trade and economic sovereignty.

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