Afreximbank earmarks $40b to support intra-African trade African Export-Import Bank (Afreximbank) plans to disburse $ 40 billion to support intra-African trade and investments in the next five years. The President and Chairman of the Board of Directors of Afreximbank, Prof Benedict Oramah,who announced this at the start of the 29th Afreximbank Annual Meetings (AAM2022) in Cairo, indicated that last year, the bank disbursed about $20 billion through its Intra-African Trade Division towards the same cause. His words: “That had raised the intra-African trade share of the Bank’s portfolio from three percent in 2016 to about 27per cent in 2021 and had enabled African contractors to bid for African infrastructure-related projects. “Africa’s problems are for Africans to solve,” Oramah, told participants at AAM2022. Oramah said that Afreximbank had intervened to help the continent implement African solutions during challenging times, some with the support of other development partners and African institutions. He asserted that, with the creation of the African Vaccine Trust (AVAT), which enabled African Union (AU) member states to procure 400 million doses of the Johnson and Johnson COVID-19 vaccine for the fight against the spread of the COVID-19 pandemic through the AU’s Africa Vaccine Acquisition Task Team (AVATT), the notion that Africa cannot rise again had been debunked. “We stand on the pedestal of the work done here to say that we can if we dare,” said President Oramah.