The Work Index by Flexa

African Export-Import Bank (Afreximbank)

African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution dedicated to financing and promoting intra- and extra-African trade.

https://www.afreximbank.com/
4.6

/10

Transparency ranking

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Description

The African Export-Import Bank (Afreximbank) is a pan-African multilateral financial institution dedicated to financing and promoting intra- and extra-African trade. Established in 1993, Afreximbank has played a crucial role in supporting the transformation of Africa's trade landscape, accelerating industrialization and intra-regional trade, and boosting economic expansion across the continent. The bank's mandate extends to fostering trade-enabling infrastructure, providing trade finance solutions, and facilitating the participation of African businesses in global markets.

Afreximbank is a staunch supporter of the African Continental Free Trade Agreement (AfCFTA), having launched the Pan-African Payment and Settlement System (PAPSS), which the African Union adopted as the payment and settlement platform for the AfCFTA. The bank is also setting up a US$10 billion Adjustment Fund to support member states in effectively participating in the AfCFTA. With investment-grade ratings assigned by leading credit rating agencies, Afreximbank has established itself as a key player in driving sustainable development and economic growth in Africa.

Mission

Afreximbank's mission is to stimulate a consistent expansion, diversification and development of African trade, while operating as a first class, profit-oriented, socially responsible financial institution and a center of excellence in African trade matters.

Environmental impact driven
Social impact led
Sustainability

Culture

Afreximbank promotes a culture of professionalism, excellence, and a commitment to Africa's economic emancipation. They value integrity, teamwork, innovation, and respect for the individual, with a strong emphasis on learning and continuous improvement. The company also fosters a sense of community and shared purpose, working towards a common vision of transforming African trade and development.

Progressive

DE&I

Afreximbank's approach to diversity, equity and inclusion is not explicitly stated on their website.

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