Abuja Set to Host Afreximbank Annual Meetings as Bank’s Assets Soar to $40bn
By Patience Ikpeme
Nigeria’s capital city, Abuja, is now a focal point for continental finance and trade, preparing to host the African Export-Import Bank’s (Afreximbank) Annual Meetings from June 25 to 28, 2025.
Anne Ezeh, Director of Communications and Events at Afreximbank disclosed that the highly anticipated Annual Meetings are expected to draw a large international contingent, with approximately 12,000 delegates already having arrived in Abuja.
These meetings are positioned to be a catalyst for significant trade and investment deals, including the signing of numerous Memoranda of Understanding (MoUs) and public-private partnerships.
This major gathering comes as the pan-African financial institution revealed a remarkable surge in its asset base, which has expanded tenfold from $4 billion to $40 billion over the past decade, coinciding with Prof. Benedict Oramah’s leadership as President.
Ezeh shared details of the bank’s growth and the upcoming event during a media launch in Abuja on Tuesday. She noted that the bank’s substantial asset growth reflects its expanding capacity to support diverse sectors across Africa, including critical areas such as power, oil and gas, and healthcare, through various credit facilities.
Vincent Musumba, Head of Public Relations at Afreximbank, stated that the AAM2025 is projected to facilitate billions of dollars in funding over the next 5 to 10 years for key strategic sectors across the continent.
Nigeria, as the host nation, stands to benefit considerably from Afreximbank’s ongoing and future engagements. Musumba pointed to the bank’s substantial contributions to Nigeria’s energy and industrial transformation, citing significant investments in major projects such as the Dangote Refinery and the modernization of the Port Harcourt Refinery.
He further added that Afreximbank’s support for Nigeria’s fertilizer production has been instrumental, helping the country become the continent’s leading producer with an annual output of 7.5 million metric tonnes.
Regarding the emergence of the next Afrexim president, Ezeh stated that the question of Afreximbank’s next President will be addressed during the Annual General Meeting of shareholders on Saturday.
According to her, a decision is expected to be made after a candidate is presented to the shareholders and publicly announced after the meeting.
