The African Export-Import Bank (Afreximbank) has entered into a significant agreement with the Banque de Développement des États de l’Afrique Centrale (BDEAC) to provide a EUR 100 million trade finance facility. This initiative is designed to support critical regional integration projects within the Central African Economic and Monetary Community (CEMAC). The facility aims to upgrade trade-enabling infrastructure, fostering economic collaboration and development in the region.
The agreement was formalized in Abuja, Nigeria, on June 5, 2025, during the official launch of the African Medical Centre of Excellence (AMCE). Prof. Benedict Oramah, Afreximbank’s President and Chairman of the Board of Directors, represented the bank, while Mr. Dieudonné Evou Mekou, President of BDEAC, signed on behalf of his organization.
Prof. Oramah underscored the importance of this facility in strengthening regional integration. He stated, “This facility marks another significant milestone in Afreximbank’s efforts to deepen trade and investment, as well as close the trade-enabling infrastructure gap in the CEMAC region. With this line of credit, Afreximbank and BDEAC are sending a strong message to our people that it is through strong partnerships and by pooling our resources that we can collectively transform the economic fortunes of our people.”
Mr. Dieudonné Evou Mekou, President of BDEAC, expressed his enthusiasm for the partnership. He noted, “It confirms the excellent quality of the partnership between BDEAC and Afreximbank – two institutions at the forefront of financing African economies. The establishment of this credit line will enable BDEAC to strengthen and diversify its interventions in the CEMAC zone, thereby contributing more significantly to regional economic integration, sustainable development, and the improvement of living conditions for the populations, in accordance with Strategic Orientation N°1 of the AZOBE 2023-2027 Strategic Plan.”
BDEAC, serving as the regional development finance institution for the CEMAC regional block, has maintained a longstanding partnership with Afreximbank. This new facility further solidifies the collaboration between the two financial institutions, both dedicated to advancing African economies.
Afreximbank is a Pan-African multilateral financial institution with a mandate to finance and promote intra- and extra-African trade. With over 30 years of experience, the bank has been instrumental in deploying innovative structures to deliver financing solutions that support the transformation of Africa’s trade framework. Afreximbank champions the African Continental Free Trade Agreement (AfCFTA) and has launched the Pan-African Payment and Settlement System (PAPSS), adopted by the African Union as the payment and settlement platform for AfCFTA implementation.
At the end of December 2024, Afreximbank reported total assets and contingencies exceeding USD 40.1 billion, with shareholder funds amounting to USD 7.2 billion. The bank holds investment-grade ratings from several credit rating agencies, testifying to its financial stability and impact on the continent.
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