Afreximbank’s Assets Hit $40bn As New President Emerges Saturday

The African Export-Import Bank (Afreximbank) has announced a tenfold increase in its total assets over the past decade, rising from $4 billion to $40 billion under the leadership of outgoing President, Prof. Benedict Oramah.

Director of Communications and Events at the bank, Anne Ezeh, made the disclosure in Abuja on Tuesday during a media briefing ahead of the bank’s Annual Meetings, scheduled to hold from June 25 to 28, 2025.

Ezeh noted that Afreximbank, over the last 10 years, has not only expanded its asset base significantly but has also provided vital credit support to several African countries in key sectors such as energy, oil and gas, and healthcare.

She confirmed that approximately 12,000 delegates have already arrived in Abuja for the high-profile meetings.

Responding to inquiries about the bank’s leadership transition, Ezeh revealed that shareholders will hold their Annual General Meeting on Saturday, June 29, during which a new President will be elected to succeed Prof. Oramah.

Also head of public relations at Afreximbank, Vincent Musumba, said this year’s meetings — AAM2025 — are expected to trigger major trade and investment deals through Memoranda of Understanding (MoUs) and public-private partnerships.

Musumba added that the bank has played a strategic role in Nigeria’s industrial development, investing in key national assets such as the Dangote Refinery and the ongoing rehabilitation of the Port Harcourt Refinery.

He further disclosed that Afreximbank has supported Nigeria’s emergence as Africa’s leading fertiliser producer, enabling an annual production capacity of 7.5 million metric tonnes.