Also known as: Afreximbank
Pan-African development finance institution that raises capital in bond markets, provides trade finance, and has launched initiatives including a $10 billion crisis response programme.
News reports
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The Standard
Cairo-based African Export-Import Bank (Afreximbank). [iStockphoto] The African Export-Import Bank (Afreximbank) has stepped in to provide emergency funding to Kenya and other regional economies, the bank’s vice president said on Monday. …
Afreximbank steps in after IMF, World Bank delay Kenya's fundsAt the COMESA summit in Zimbabwe, President William Ruto called on African governments to place more reserves with African financial institutions, channel development projects through them, and back their bonds, arguing that Africa holds over $4 trillion in domestic assets yet much sits in foreign accounts. He also handed over the COMESA chairmanship to Mnangagwa.
23 October 2026 · Capital News →
At the COMESA summit in Zimbabwe, President William Ruto called on African governments to place more reserves with African financial institutions, channel development projects through them, and back their bonds, arguing that Africa holds over $4 trillion in domestic assets yet much sits in foreign accounts. He also handed over the COMESA chairmanship to Mnangagwa.
23 October 2026 · Capital News →
President William Ruto warned African governments against making development commitments they cannot afford, saying nations must secure resources before promising programmes and should leverage Africa's $4 trillion in domestic financial assets rather than relying on expensive borrowing.
22 October 2026 · Capital News →
Med Aditus Pharmaceuticals plans a Sh5.2 billion medicine factory in Kisumu County to produce tablets and capsules for non-communicable diseases, reducing Kenya's dependence on imported medicines. The project is among flagship initiatives seeking funding at an African investment conference in Nigeria.
15 October 2026 · The Standard →
African Export-Import Bank says the 700,000 barrel-per-day Dangote East Africa Petroleum Refinery & Petrochemicals SEZ planned for Lamu will help conserve Kenya's foreign exchange reserves, strengthen regional energy security, and reduce dependence on distant supply chains.
7 October 2026 · The Standard →
The head of Africa's main trade finance bank called for reform of the global financial architecture, saying the rules used to judge African institutions were designed for a different era and treat the continent as incapable. His call aligns with broader African leadership push for reform of the global credit system, including President William Ruto's assertion that subjectivity in sovereign credit ratings has cost African countries some $75 billion.
3 October 2026 · The Standard →
President William Ruto has told absentee landowners at the Coast that the government will compensate them for properties occupied by squatters but will not evict residents who have lived on the land for years, saying landowners cannot use their claims to threaten the government. Ruto warned that those refusing the government's compensation plan would face action, and said no Kenyan would be evicted from land they have occupied and called home.
2 October 2026 · The Standard →
AfCFTA Secretary-General Wamkele Mene said African businesses could save billions of shillings in transaction costs if countries removed barriers to cross-border payments, customs and infrastructure. He estimated currency conversion costs associated with African trade amount to about Sh647.3 billion (US$5 billion) a year, and cited the Pan-African Payment and Settlement System (PAPSS) as one way to reduce reliance on third currencies like the US dollar.
27 September 2026 · The Standard →
The Central Bank of Congo has formally joined the African Payments and Settlement System (PAPS), bringing the total connected countries to 31 with 16 payment switches and over 200 commercial banks or financial institutions. The move was announced at the 48th Annual Meeting of the Association of African Central Banks in Nairobi, where PAPS is targeted to reach 39 countries by the end of 2026.
22 September 2026 · The Standard →
At a conference in Nairobi, Kenya's Foreign Affairs Principal Secretary called for African nations to negotiate as a single bloc to reduce the $75 billion annual "trust tax" (inflated interest) the continent pays. Africa spends $90 billion yearly on debt service, more than aid and climate finance combined, with 22 countries in debt distress.
29 August 2026 · The Standard →
AAR Hospital has performed Kenya's first Rezum water vapour therapy procedure for enlarged prostate, a minimally invasive treatment using steam to destroy excess prostate tissue without surgical cuts, offering an alternative to conventional surgery and allowing patients to return home the same day.
20 August 2026 · The Standard →
The East African Business Council launched a two-day business clinic supported by the African Development Bank to prepare more than 50 enterprises in textile, leather and edible oil sectors to access AfCFTA's 1.3 billion consumer market through strengthened value chains and value addition.
30 July 2026 · Citizen Digital →
The African Export-Import Bank raised $1.5 billion in a dual-tranche US dollar bond offering, its first public issuance in that currency since July 2021, with demand reaching $3.8 billion despite elevated global bond yields.
28 July 2026 · The Standard →
S&P Global Ratings assigned Afreximbank a 'BBB+' rating with Stable Outlook, allowing the pan-African lender to raise capital more cheaply in bond markets, attract conservative funds, and expand lending to African and Caribbean economies. The upgrade unlocks cheaper funding as the bank scales a $10 billion Gulf Crisis Response Programme to shield nations whose trade was disrupted by recent conflicts.
16 June 2026 · The Standard →
Spotify Sub-Saharan Africa Managing Director Jocelyne Muhutu-Remy spoke at the platform's Johannesburg event about royalties and the continent's music sector. The company revealed that South African artists generated more than Ksh.3.9 billion in royalties on Spotify in 2025.
18 May 2026 · Citizen Digital →
India–Africa development cooperation, rooted in shared colonial history and developmental goals, has succeeded through human resource development and capacity building via programmes like the Indian Technical and Economic Cooperation initiative. After a decade-long hiatus since the last India–Africa Forum Summit in 2015, the partnership requires recalibration to align with Africa's current priorities and changing global context.
17 May 2026 · The Standard →
The African Export-Import Bank and Egypt unveiled a $10 billion crisis response programme and plans for a pan-African Gold Bank to help African countries manage global supply chain shocks and build economic self-reliance. The initiatives aim to deepen intra-African trade and reduce dependence on external financial systems.
15 May 2026 · The Standard →
An opinion piece argues that the UAE-Kenya economic partnership, rooted in logistics, industrial development, and infrastructure investment rather than traditional aid, represents a strategic shift in how African economies engage with global powers and positions both countries as key players in an expanding Afro-Asian trade corridor.
12 May 2026 · Capital News →
The US–Israel–Iran conflict is straining the Strait of Hormuz, a critical global energy corridor, triggering volatility in energy prices and fuel supply disruptions in Kenya. Petroleum products account for roughly 20–25% of Kenya's total import bill, making the economy structurally exposed to geopolitical shocks in global oil markets.
11 May 2026 · The Standard →
An opinion piece argues that African countries' adoption of China's renminbi is rooted in cost management and efficiency rather than geopolitics. Kenya's conversion of three dollar-denominated Chinese loans into RMB in October 2025 was intended to reduce interest costs, and similar moves in Zambia reflect commercial realities of the mining sector.
8 May 2026 · Capital News →
An opinion piece argues that while Kenyan firms are expanding into regional markets, many lose profitability due to slow, fragmented payment systems rather than inability to sell. Exporters can lose between five and 10 per cent of transaction value through foreign exchange spreads, intermediary fees, and settlement delays, with the impact particularly severe for small and medium enterprises.
3 May 2026 · The Standard →
The African Export-Import Bank (Afreximbank) has stepped in to provide emergency funding to Kenya and other regional economies, according to the bank's vice president.
28 April 2026 · The Standard →