Afreximbank appoints Olowononi as Southern Africa chief

Africa's intra-continental trade momentum and future acceleration

Boosting trade among African nations is a key economic priority, with significant potential to unlock investment and drive industrialization, particularly in processing and adding value to natural resources. According to the Africa in Figures 2025 report by African Export-Import Bank Afreximbank, intra-African trade grew by 5.4% in 2024, reaching US$206.6 billion. The continued implementation of the African Continental Free Trade Area AfCFTA is expected to further enhance this growth. Kanayo Awani, Executive Vice-President, Intra-African Trade & Export Development Bank at Afreximbank, highlights these opportunities as Nigeria prepares to host IATF2027.