The African Export-Import Bank (Afreximbank) will place industrialisation at the centre of Africa’s growth strategy when it convenes its 33rd Annual Meetings in El Alamein, Egypt, as the continent seeks to reduce external dependence amid rising global uncertainty.
The meetings, themed “Intra-African Trade and Industrialisation: Pathway to Economic Sovereignty,” come against a backdrop of shifting ...
As global uncertainties increase, Afreximbank aims to shift Africa's focus from commodity exports towards industrialization as a means of achieving economic independence. This reflects a broader push for intra-African trade under the African Continental Free Trade Area (AfCFTA), with the goal of creating a single market for goods and services across the continent. However, trade within Africa remains low compared to other regions due to infrastructure gaps, limited financing, and fragmented valu...