News Release: Afreximbank, Dangote Group To Collaborate In Intra-African Trade

 Afreximbank President Dr. Benedict Oramah (Left) with Aliko Dangote, President of the Dangote Group.

The African Export-Import Bank (Afreximbank) will partner with the Dangote Group, one of Africa’s leading indigenous multinational corporations, in promoting intra-African trade, Afreximbank President Dr. Benedict Oramah announced in Lagos today.

Dr. Oramah, who was speaking during a visit with Aliko Dangote, President of the Dangote Group, said that his intention, during his tenure as President of Afreximbank, was to direct heightened focus to developing and promoting trading activities among African countries in order to spur economic development and integration.

Afreximbank was, therefore, committed to making the necessary commitment to ensure effective collaboration between it and the Dangote Group in the field of intra-African trade, stated the President.

Earlier, Mr. Dangote told Dr. Oramah that his Group’s current initiatives included the construction of a 650,000 oil barrels (bbl) capacity refinery in Nigeria, expansion of a cement plant in Ethiopia and cross border intra-African trade in cement.

Mr. Dangote, reportedly the single largest investor across Africa, is reputed to be the continent’s wealthiest man.

Obi Emekekwue

Afreximbank External Communications