17 hours ago
Egypt participates in Afreximbank forum in Nigeria to boost African trade ties - Economy
Central Bank of Egypt (CBE) Governor Hassan Abdullah is among 6,000 participants from over 80 countries attending the African Export-Import Bank (Afreximbank) forum, which opened its 32nd annual meetings in Abuja, Nigeria on Wednesday, focusing on trade, innovation, and South–South cooperation.
The event, which runs from 25 June through 27 June, brings together central bankers, heads of state, investors, and economists, including African and Caribbean leaders.
This year's meetings—held under the theme Building the Future on Decades of Resilience—come at a time of rising pressure on African economies to accelerate integration, attract investment, and deepen private sector engagement.
Speakers include Nigerian President Bola Ahmed Tinubu, former President Olusegun Obasanjo, and African Union Commissioner Albert Muchanga. Also on the agenda are AfCFTA Secretary-General Wamkele Mene, business leaders Aliko Dangote and Tony Elumelu, and economists Jeffrey Sachs and Kishore Mahbubani.
The meetings are expected to generate new partnerships and funding commitments across trade, infrastructure, and industrial development, particularly under the African Continental Free Trade Area.
Organizers say upcoming announcements will focus on expanding cross-border payments, boosting Africa–Caribbean ties in trade and tourism, and formalizing private sector roles in shaping economic policy.
Afreximbank will also elect a new president this week, ending the current leadership's 10-year tenure.
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