Afreximbank commits $25 billion to AfCFTA

KALONDE NYATI, Abuja, Nigeria
AFRICAN Export and Import Bank (Afreximbank) has committed US$25 billion to the realisation of the African Continental Free Trade Area (AfCFTA) and intra-Africa trade.Afreximbank president Benedict Oramah said the bank, which last year disbursed US$8 billion of the total commitment, is expected to disburse the money over a five-year period.
Speaking at the 25th annual general meetings of the bank, Dr Oramah said AfCFTA is key in transforming the continent.

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