From Isaac Anumihe, Abuja
President and Chairman of the Board of Directors of African Export-Import Bank (Afrieximbank), Prof. Benedict Oramah, has said the total revenue of the bank has risen seven fold, reaching $3.24 billion from $408 million in 2025.
Speaking at the bank’s Annual General Meeting (AGM) in Abuja, he disclosed that the net income amounted to about $1billion last year, about 700 per cent increase, from its level of $125 million in 2015. According to him, the bank’s internal capital generation and very strong support of shareholders through significant additional equity investments, saw shareholders’ funds rise from about $1billion in September 2015 to $7.5billion in April 2025, with callable capital reaching $4.5 billion from $450 million in September 2015.
“Liquidity remained strong, with sources of funding much more diversified in 2024 than in 2015, due to activities of the Africa Resource Mobilisation Unit, which saw the share of African
“Today, Afreximbank has become the trusted institution for mitigating the adverse impacts of economic shocks and the primary source of vital medium- to long-term financing for the African private sector and critical sectors of the African economy. It is important to note that this trajectory of growth and relevance did not start with me, but goes back to my predecessors,” he said The bank’s sources of funding have risen from 11.7 per cent in 2015 to 36.6 per cent in May 2025. “At group level, the Fund for Export Development in Africa (FEDA) and AfrexInsure, our insurance management subsidiary, started making significant contributions to profit, and growing in scope and depth. Beyond profits, these subsidiaries have also started fulfilling their objectives,” he noted.