Afreximbank Seals $1B Investment Deals to Boost Key African Sectors

Afreximbank Secures Over $1 Billion in Investment-Ready Projects Across Africa at AAM2025

At the 32nd Afreximbank Annual Meetings (AAM2025), the African Export-Import Bank (Afreximbank) signed four major project preparation agreements that will unlock over US$1 billion in strategic investments aimed at transforming critical sectors across the continent.

These milestone deals, announced during the high-level gathering, span key industries such as energy, healthcare, and manufacturing — demonstrating Afreximbank’s commitment to translating ambitions into tangible development outcomes.

“In Kenya, the groundwork has begun for a world-class pharmaceutical plant,” the bank revealed. This project is expected to significantly boost Africa’s capacity to manufacture essential medicines and reduce dependency on foreign supply chains.

In Zimbabwe, progress is underway on what is poised to become Africa’s largest hybrid solar project, a groundbreaking initiative that will expand renewable energy infrastructure and promote sustainable development.

Afreximbank is also supporting Nigeria’s energy ambitions with the preparation of a new 500-megawatt power plant project, which is steadily moving towards bankability. Once operational, the plant is expected to address pressing electricity challenges and catalyze industrial growth.

Meanwhile, in Malawi, the bank has partnered with NBS Bank to develop a joint facility focused on priority sector development, underscoring the institution’s broader aim to foster inclusive economic progress.

“Each deal underscores a broader commitment to de-risking investment and building infrastructure that powers trade, supports industry, and improves lives,” Afreximbank stated.

These agreements not only highlight Afreximbank’s proactive approach to project preparation but also reinforce its central role in Africa’s journey toward sustainable and self-sufficient growth.