Keeping Africa on track to SDG success

The core focus of Afreximbank, as stated by its Chairman and President, Professor Benedict Oramah, lies in supporting the sustainable development of the entire African continent. Over its 30-year history, the African Export-Import Bank (Afreximbank) has consistently championed African-led solutions to the continent's challenges by introducing and implementing innovative measures aimed at removing obstacles hindering Africa's developmental goals.

Afreximbank was established with the primary mission of promoting trade within Africa, and it has collaborated closely with the African Union (AU) and the African Continental Free Trade Area (AfCFTA) Secretariat to address historical issues such as market concentration and dependency on commodities, which have historically impeded Africa's progress.

Crucially, the bank's initiatives in support of its member states are aligned with the African Union's Agenda 2063 and the United Nations Sustainable Development Goals (UN SDGs). A notable example of this alignment occurred at the outset of the COVID-19 pandemic. In addition to disbursing approximately $8 billion to African governments, banks, and corporations through its Pandemic Trade Impact Mitigation Facility (PATIMFA), which helped mitigate both economic and health-related impacts of the pandemic, Afreximbank played a pivotal role in facilitating the pooled procurement of 40 million doses of the Johnson & Johnson COVID-19 vaccine. This was achieved through a $2 billion Advanced Procurement Commitment (APC) Guarantee Facility, which extended coverage to 30% of Africa's population.

In summary, Afreximbank's unwavering commitment to Africa's sustainable development aligns with its mission to promote intra-African trade and actively contributes to the realization of the continent's developmental aspirations, working in harmony with regional and global agendas.


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