the monitor

Afreximbank’s $11bn bet on SA signals new trade order

Mzwandile Masina
Mzwandile Masina

South Africa’s recent accession to the African Export-Import Bank (Afreximbank) Establishment Treaty as its 54th sovereign member unlocks broad continental coverage for the bank, whilst placing one of Africa’s leading economies, responsible for nearly 19.1% of the continent’s total trade in 2024, at the strategic core of transforming Africa’s trade architecture.

South Africa’s membership is expected to influence economies far beyond the Southern African region, extending into East, West, and North Africa.

Afreximbank’s headline commitment of $11 billion not only aligns with South Africa’s National Development Plan 2030 but also reinforces the country’s commitment to advancing African industrial development.

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