The African Export-Import Bank (Afreximbank) has disbursed more than $155 billion in support of Africa’s development over the past decade, while maintaining strong financial health and paying out around $1.4 billion in dividends to shareholders between 2015 and 2024, according to outgoing President, Benedict Oramah.

Speaking at the Farewell Conference and Investiture Ceremony held in Cairo, Oramah reviewed Afreximbank’s performance during his tenure, noting that the bank’s assets had expanded from $6 billion in 2015 to nearly $44 billion in 2025. He said this growth reflected the bank’s “sharp focus on institutional strength and financial stability” while delivering on its mandate to support trade and development across the continent.

He also highlighted the bank’s role in advancing regional integration initiatives, including the Pan-African Payment and Settlement System (PAPSS), backed by a $3 billion clearing and settlement facility, which now operates in 20 African countries.

In addition, Afreximbank committed $1 billion to the AfCFTA Adjustment Fund to help countries transition to the new trading regime under the African Continental Free Trade Area. The bank’s Intra-African Trade Fair, launched during Oramah’s presidency, has generated more than $170 billion in trade and investment deals and attracted over 180,000 visitors to date.

Oramah said the bank also contributed to harmonising around 500 standards across priority industries such as pharmaceuticals, agriculture, and automotive manufacturing, and partnered with regional organisations to launch a $1 billion African Collaborative Transit Guarantee Scheme aimed at facilitating cross-border trade.

He further cited Afreximbank’s support for industrialisation through financing major infrastructure projects, including industrial parks, special economic zones, and the Dangote Refinery and Petrochemical Plant.

Reflecting on the bank’s crisis-response efforts, Oramah noted that Afreximbank had disbursed over $10 billion in emergency funding during the COVID-19 pandemic and allocated an additional $2 billion to support vaccine procurement and public health resilience across Africa and the Caribbean.

Concluding his address, Oramah thanked Afreximbank’s shareholders, partners, and staff for their contributions to the Bank’s growth and expressed confidence in the institution’s future under its new President, George Elombi.