Afreximbank calls for deeper Intra-African trade as boss meets Ramaphosa

President of South Africa Cyril Ramaphosa (right) and Afreximbank President and Chairman Dr George Elombi, at the country’s accession signing ceremony. [Courtesy,Afreximbank]

The African Export-Import Bank (Afreximbank) has called for deeper intra-African trade and investment after South Africa became the latest economic powerhouse to join the pan-African trade finance institution.

Afreximbank President George Elombi said in a statement following the signing that South Africa’s accession marks a decisive step toward uniting the continent around common economic interests. "South Africa's membership brings the country into the heart of Afreximbank's vision to transform the structure of Africa's trade," he said.