What is Afreximbank Secure Connect?
The African Export-Import Bank (Afreximbank) is a multilateral financial institution headquartered in Cairo, Egypt, established in 1993. It is dedicated to financing and promoting intra- and extra-African trade, serving 53 African member states and 12 Caribbean nations. With total assets exceeding $35 billion as of 2024, Afreximbank plays a critical role in fostering economic development and integration across the continent. Its strategic investments and debt financing activities are pivotal in supporting trade flows and economic growth.
How much funding has Afreximbank Secure Connect raised?
Afreximbank Secure Connect has raised a total of $2.1B across 4 funding rounds:
Debt
$150M
Debt
$907.5M
Debt
$520M
Debt
$500M
Debt (2017): $150M with participation from European Investment Bank
Debt (2020): $907.5M led by Standard Chartered Bank Limited, SBI, HSBC, MUFG Bank Ltd, and Bank ABC
Debt (2020): $520M supported by MUFG Bank, Ltd
Debt (2024): $500M featuring Standard Chartered Bank (Taiwan and ICBC
Key Investors in Afreximbank Secure Connect
HSBC
HSBC is a global banking and financial services organization headquartered in London, known for its extensive international network and expertise in facilitating international trade and capital flows.
ICBC
Founded in 1984 and headquartered in Beijing, China, ICBC is a multinational Chinese banking company that provides comprehensive financial products and services.
European Investment Bank
Established in 1958 and headquartered in Luxembourg, European Investment Bank (EIB) is the European Union's nonprofit long-term lending and finance institution.
What's next for Afreximbank Secure Connect?
The recent major strategic investment signifies Afreximbank's ongoing expansion and its commitment to enhancing trade finance capabilities across Africa. This capital injection is expected to bolster its capacity to support large-scale projects and trade initiatives, further solidifying its position as a key financial institution. Future endeavors will likely focus on leveraging this enhanced financial standing to drive economic development, facilitate cross-border commerce, and adapt to evolving global trade dynamics.
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