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President William Ruto has urged African nations to rally behind the African Export-Import Bank (Afreximbank) and offer their support. He expressed Kenya’s appreciation for the partnership with Afreximbank and acknowledged the bank’s significant contributions to the country’s development agenda.
During a meeting at State House on Friday, President Ruto, along with former Nigerian President Olusegun Obasanjo, engaged with Afreximbank President Benedict Oramah and other bank officials.
In Kenya, Afreximbank is playing a vital role in financing various special economic zones, including Dongo Kundu in Mombasa, Sagana in Kirinyaga, and Nasewa in Busia. The bank is also providing financial support for the operationalization of the Kenanie Leather Park and Rivatex Textiles East Africa.
President Ruto emphasized the critical role that Afreximbank will play in boosting intra-African trade, particularly through its Pan-African Payment System.
He reiterated that Afreximbank is an essential organization for Africa, supporting the continent’s development by facilitating financing and the implementation of crucial projects. President Ruto called on African nations to unite in their support for Afreximbank, recognizing its significance in driving Africa’s economic growth and prosperity.
The meeting underscored the importance of fostering collaboration and partnership between African nations and financial institutions like Afreximbank to enhance economic development, trade, and investment across the continent.
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