Central Bank of Egypt (CBE) Governor Hassan Abdalla said the groundbreaking of the African Trade Centre (AATC) and the African Export-Import Bank’s (Afreximbank) headquarters in Egypt’s New Administrative Capital marks a significant milestone in strengthening Africa’s financial and trade integration.

Speaking during the official ceremony, Abdalla described the project as a reflection of long-standing confidence in Africa’s economic potential and the strength of Egypt’s partnership with Afreximbank, which spans more than three decades. 

He noted that Egypt has been a founding contributor to the bank and host to its headquarters, underscoring the depth of institutional cooperation between both sides.

Abdalla welcomed Afreximbank’s decision to invest hundreds of millions of dollars in developing the new complex, which will span approximately 150,000 square meters. 

He said the project aligns with Egypt’s broader vision for the New Capital as a modern, sustainable city designed to improve efficiency, reduce congestion, and enhance access to government and financial services.

The CBE governor emphasized that the African Trade Centre is expected to serve as a key platform for innovation, knowledge exchange, and financial services, supporting businesses through advanced trade and market information systems. 

He added that the centre will also provide spaces for research, training, and collaboration among African institutions, contributing to the implementation of the African Continental Free Trade Area (AfCFTA).

Abdalla highlighted Afreximbank’s evolution over the past decades into one of Africa’s leading financial institutions, playing a central role in expanding trade finance, supporting industrial development, and unlocking the continent’s trade potential. 

He noted that the bank’s growth has been guided by successive leadership committed to resilience, innovation, and regional cooperation.

He further stressed that the establishment of the AATC in Egypt strengthens the country’s role as a northern gateway for African trade and investment, enhancing connectivity between Africa, global markets, and financial institutions.

Abdalla concluded by expressing appreciation to Afreximbank’s leadership and teams for advancing the project, noting that the centre represents a shared vision for Africa’s economic future built on partnership, long-term planning, and institutional continuity.