Africa-Press – Malawi. African Export- Import Bank (Afreximbank) shareholders have approved the expansion of the bank’s concessional Finance Window, increasing its capital allocation from $1 billion to $5 billion.
The regional bank has also raised the direct shareholder contribution from $200 million to $700 million.
The resolutions were made recently at the bank’s 32nd annual general meeting of shareholders as part of the bank’s 2025 annual meetings in Abuja, Nigeria, but were announced in a statement on Friday.
At the indaba, shareholders approved a series of key resolutions aimed at strengthening the bank’s strategic direction, financial resilience and governance.
In a statement, Afreximbank says the expansion reflects growing demand for accessible development finance across Africa and the Caribbean, and strengthens the bank’s capacity to support inclusive and sustainable economic growth.
The shareholders reaffirmed the commitment of the member states to Afreximbank’s Preferred Creditor Status (PCS), as codified in the Bank’s Establishment Agreement, to which all member states are signatories.
“This reaffirmation underscores continued support for the Afreximbank’s role as a trusted African Multilateral Financial Institution,” the statement reads.
Outgoing Afreximbank President and Chairperson Benedict Oramah welcomed the outcomes of the meeting and expressed appreciation for the vision and leadership shown.
“We also welcome their decision to increase the size of the Africa Trade Transformation Fund, the Concessional Finance initiative launched at the 30th annual meetings of the bank, from $1 billion to $5 billion,” Oramah said.
He said decisions would collectively shape the future of the bank and advance Africa’s prosperity.
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