By Atoyebi Nike
The African Export-Import Bank (Afreximbank) has recorded a dramatic tenfold growth in its total assets over the past decade from $4 billion to $40 billion under the leadership of its outgoing President, Prof. Benedict Oramah.
The milestone was disclosed by the bank’s Director of Communications and Events, Anne Ezeh, during a media briefing in Abuja on Tuesday ahead of Afreximbank’s Annual Meetings (AAM2025) scheduled to run from June 25 to 28, 2025.
Ezeh highlighted that the bank has not only expanded financially but also extended vital credit support to several African countries in sectors including energy, oil and gas, and healthcare.
She added that nearly 12,000 delegates have arrived in Nigeria’s capital for what is expected to be a historic gathering of trade, finance, and policy leaders.
On the bank’s leadership transition, Ezeh revealed that shareholders will elect a new President during the Annual General Meeting on June 29, formally marking the end of Oramah’s transformative tenure.
Also speaking at the briefing, Afreximbank’s Head of Public Relations, Vincent Musumba, said this year’s meetings will drive investment and trade partnerships through Memoranda of Understanding (MoUs) and public-private partnerships.
Musumba underscored the bank’s strategic support for Nigeria’s industrial transformation, pointing to Afreximbank’s involvement in the Dangote Refinery, the rehabilitation of the Port Harcourt Refinery, and Nigeria’s rise as Africa’s leading fertiliser producer with an annual production capacity of 7.5 million metric tonnes.
He noted that such investments are helping to create green jobs and accelerate economic diversification across the continent.
