ABUJA, Nigeria, June 26th a remarkable testament to visionary leadership and strategic execution, the African Export-Import Bank (Afreximbank) has announced a tenfold growth in its total assets over the past decade, from $4 billion in 2015 to an impressive $40 billion in 2025.
This landmark achievement was revealed during a press briefing in Abuja ahead of the bank’s highly anticipated Annual Meetings, which commenced yesterday.
The growth trajectory coincides with the tenure of Afreximbank’s outgoing President, Professor Benedict Oramah, whose leadership has been widely credited with transforming the institution into a formidable force in African finance and trade development.
Anne Ezeh, Director of Communications and Events at Afreximbank, shared the milestone with members of the media, underscoring the Bank’s decade-long commitment to empowering African economies through financial innovation and developmental impact.
“Under Prof. Oramah’s stewardship, Afreximbank has not only expanded its asset base significantly but has become a lifeline for African nations by providing critical financing in key sectors including energy, oil and gas, and healthcare,” Ezeh said.
According to Ezeh, approximately 12,000 delegates from across the continent and beyond have arrived in Abuja for the bank’s 31st Annual Meetings, which will also feature high-level discussions on Africa’s future in global trade, industrialisation, and investment.
On the subject of leadership transition, Ezeh confirmed that the bank’s shareholders will convene for their Annual General Meeting on Saturday, June 29, where a new President will be elected to lead Afreximbank into its next chapter.
The election marks the end of Prof. Oramah’s transformative decade at the helm of the multilateral financial institution.
Vincent Musumba, Head of Public Relations at Afreximbank, also spoke during the briefing, emphasising the catalytic role this year’s event—tagged AAM2025—is expected to play in advancing intra-African trade and investment.
“These meetings serve as a deal-making platform, with Memoranda of Understanding and public-private partnerships expected to unlock substantial investments across the continent,” he said.
Musumba highlighted the bank’s strategic contributions to Nigeria’s industrial renaissance, pointing to its investments in flagship national infrastructure projects.
These include financing the Dangote Refinery—Africa’s largest industrial complex—and supporting the ongoing rehabilitation of the Port Harcourt Refinery. Both initiatives are poised to bolster Nigeria’s energy independence and industrial output.
Furthermore, Afreximbank has been instrumental in positioning Nigeria as Africa’s top fertiliser producer.
Musumba revealed that the bank’s interventions have helped elevate the country’s annual production capacity to an impressive 7.5 million metric tons, contributing not only to domestic food security but also to regional agricultural development.
As Afreximbank prepares to welcome new leadership, its legacy over the past decade under Prof. Oramah stands as a testament to the power of bold vision and strategic action in shaping Africa’s economic destiny.
