South Africa joins Afreximbank, unlocking $8bn push for intra-African trade

Cyril Ramaphosa, President of South Africa (L) and Dr. George Elombi, President and Chairman of Afreximbank at the ceremony. Photo: Afreximbank
Cyril Ramaphosa, President of South Africa (L) and Dr. George Elombi, President and Chairman of Afreximbank at the ceremony. Photo: Afreximbank
  • South Africa becomes Afreximbank’s 54th member
  • $8bn programme targets industry, exports and supply chains

 

PRETORIA, SOUTH AFRICASouth Africa has formally joined the African Export-Import Bank, unlocking a new $8bn programme aimed at boosting industrial growth, regional supply chains and intra-African trade.

The accession makes South Africa the 54th member of African Export-Import Bank after Parliament approved the Bank’s Establishment Agreement in 2025, bringing Africa’s most industrialised economy into Afreximbank’s core continental operations.

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