BUSINESS AND ECONOMY

Afreximbank Eyes Multi-Billion Dollar Deals as Abuja Hosts 2025 Annual Meetings

All eyes on Abuja as Afreximbank targets big deals at major Africa investment summit.

Billions in funding, trade talks, and reforms expected to shape continent’s economic path.

The African Export-Import Bank (Afreximbank) is preparing for a landmark financial summit as it sets its sights on securing billions of dollars in funding agreements during its 32nd Annual Meetings (AAM2025), scheduled to be held in Abuja from June 25 to 27, 2025.

The bank made this known through a statement issued by Vincent Musumba, its Manager for Communications and Events, emphasizing the importance of this year’s gathering. Musumba said the event is positioned to facilitate a wave of investments across Africa through Memoranda of Understanding (MoUs) and public-private partnerships, especially in strategic sectors critical to the continent’s development.

The Abuja meetings are expected to attract thousands of participants, including global media, policymakers, and business leaders, from over 80 countries, bringing attention and capital to Nigeria and Africa at large. Afreximbank says the long-term outcome of the conference could lead to substantial funding opportunities over the next five to ten years, aligning with Africa’s broader development goals.

Afreximbank President and Chairman of the Board, Professor Benedict Oramah, described the upcoming conference as a vital platform for charting Africa’s economic course in a challenging global climate.

“AAM2025 comes at a pivotal time for Africa,” Oramah stated. “The continent is responding to global uncertainties with renewed determination. After our successful 31st edition in The Bahamas, we are back in Africa to drive practical action, institutional strength, and deeper trade integration while unlocking the potential of African innovation. We appreciate President Bola Ahmed Tinubu for supporting this important gathering.”

This year’s conference agenda will focus heavily on operationalizing the African Continental Free Trade Area (AfCFTA), improving cross-border payment systems to fast-track regional transactions, and boosting Africa-Caribbean (CARICOM) relations through expanded trade and tourism. Another major priority is ensuring active private sector engagement in policy reforms needed to unlock economic growth.

Nigeria at the center of Afreximbank’s vision

Nigeria’s selection as host country is strategic, as it is not only one of Afreximbank’s largest shareholders but also one of its most significant beneficiaries. According to the statement, the West African powerhouse accounted for 60% of the bank’s $30 billion energy sector financing in Africa as of 2024.

The bank has played a central role in Nigeria’s industrial resurgence, investing in large-scale projects such as the Dangote Refinery and the Port Harcourt Refinery. These efforts align with Afreximbank’s broader goal to develop the Gulf of Guinea into a major refining and petrochemical hub, thereby reducing Africa’s reliance on fuel imports.

Additionally, Afreximbank has thrown its weight behind Nigeria’s ambition to host an Africa Energy Bank in Abuja, further deepening the country’s role in continental energy security.

Nigeria’s leadership in fertilizer production has also been bolstered by the bank’s financial and technical support. With an annual production capacity of 7.5 million metric tonnes, Nigeria now leads Africa in this critical agricultural input.

Beyond infrastructure and energy, the bank is also heavily involved in supporting Nigeria’s creative industry, offering credit facilities, market access, and training opportunities aimed at growing cultural exports and boosting Nigeria’s presence in the global entertainment landscape.

A platform for action, not just talk

With a packed agenda and high-level representation, AAM2025 is poised to be more than just a ceremonial gathering. It promises to be a hub for major policy shifts, transformative investments, and regional alignment as Africa seeks sustainable growth amid global volatility.

As stakeholders from across sectors converge in Abuja, all eyes will be on the deals, partnerships, and decisions that emerge from these crucial three days, decisions that may define Africa’s economic direction for years to come.

Osemekemen

Ilumah Osemekemen is Editor at Newskobo.com. A Business Administration graduate, he produces researched content on business, tech, sports and education, delivering practical… More »

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