Afreximbank
The fund, launched in May 2025 under Afreximbank's Creative Africa Nexus (CANEX) program, is designed to finance projects across Africa's film, television, and immersive media sectors, supporting the continent's ambition to become a globally competitive hub for audiovisual production.
The conflict, which has disrupted global oil, LNG, fertilizer supplies, and key shipping routes such as the Strait of Hormuz, has hit import-dependent African and CARICOM countries hardest, while also affecting investment, tourism, and remittance flows.
Egyptian Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty praised the strong partnership relations between Egypt and the African Export-Import Bank (Afreximbank), expressing his aspiration to achieve economic and trade integration among African countries.
Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty praised the strong partnership relations between Egypt and the African Export-Import Bank (Afreximbank), expressing his aspiration to achieve economic and trade integration among African countries.
The development will be the first African Trade Centre of its kind in North Africa and is designed to serve as a hub for trade, investment and financial cooperation across the continent.
The African Trade Centre, the first of its kind in North Africa, is expected to serve as a hub for trade information, capacity building, innovation, and continental connectivity.
Elombi, who succeeds Benedict Oramah as president and chairman of the board of directors, described the target as both “inspiring and achievable.”
Haddadi noted that since the signing of a cooperation agreement between the two institutions in 2018, the bank has played a vital role in supporting intra-African trade, industrialization, and value addition across sectors.
He reaffirmed Egypt’s role as a founding shareholder and proud host of Afreximbank’s headquarters.
The ceremony forms part of a two-day farewell and leadership handover event honouring outgoing President Benedict Oramah, who led the bank for a decade.
Oramah said the initiative has attracted more than 180,000 participants from across the continent, offering a platform for governments, investors, and businesses to connect and explore cross-border opportunities.
Kamel explained that the model is based on an equitable distribution of risks and returns among partners, transferring exposure from less capable entities to those with stronger financial capacity.
The two-day event marks the official farewell of Professor Benedict Oramah, the outgoing President and Chairman of the Board of Directors.
Sisi received Benedict Oramah, outgoing Afreximbank president, whose term is set to end in October, and George Elombi, the bank's incoming president who will serve until 2030.
Announced during the FOCUS Africa Investment and Trade Forum in Cairo, the plan was outlined by Ayman El-Zoghbi, who leads Intra-African Trade, Investment, and Corporate Finance at the bank
The two-day forum continues with panels on industrialization, logistics, digital trade, and cross-border investment, as African leaders and businesses work toward building a stronger, more integrated continental economy.
Egypt could potentially see fresh funding from the African Export-Import Bank (Afreximbank) by the end of the year, according to explained Executive Vice President of Global Trade Bank of Africa at Afreximbank, Haytham El Maayergi, speaking to Asharq Business
The establishment of the fund comes to implement two key axes of the current strategy of the bank, which are export development and manufacturing, and enhancing intra-continental trade.
Awani mentioned during a press conference that the number of visitors to the fair, whether in person or virtual, reached 28,282, with the number of exhibitors totaling 1,939.
The trade director shared that the bank and Hassan Allam Holding signed a $200 million credit facility to support its projects across Africa and the Middle East
