Afreximbank to Partner Dangote Group on Intra-African Trade

The African Export-Import Bank (Afreximbank) will partner with Dangote Group, one of Africa’s leading indigenous multinational corporations, in promoting intra-African trade.

According to NAN, Afreximbank President, Dr. Benedict Oramah, made the promise while on a visit to Alhaji Aliko Dangote, the President of Dangote Group.

Oramah spoke about his bank’s commitment to ensuring effective collaboration between it and the Dangote Group in the field of intra-African trade. He went on to outline his plan was to direct heightened focus to developing and promoting trading activities among African countries in order to spur economic development and integration..

Earlier, Dangote had told Oramah that his group’s current initiatives included the construction of a 650,000 oil barrels capacity refinery in Nigeria. He said his plan also included the expansion of a cement plant in Ethiopia and cross border intra-African trade in cement.

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

This post first appeared HERE

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