The African Export-Import Bank (Afreximbank) will partner with Dangote Group, one of Africa’s leading indigenous multinational corporations, in promoting intra-African trade.
A statement by Afreximbank in Lagos on Sunday said that Afrexiimbank President, Dr. Benedict Oramah, made the promise while on a visit to Alhaji Aliko Dangote, the President of Dangote Group, on Saturday.
Oramah said that his plan was to direct heightened focus to developing and promoting trading activities among African countries in order to spur economic development and integration.
He said that his bank was, therefore, committed to making the necessary commitment to ensure effective collaboration between it and the Dangote Group in the field of intra-African trade.
Earlier, Dangote had told Oramah that his group’s current initiatives included the construction of a 650,000 oil barrels (bbl) capacity refinery in Nigeria.
He said that 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.
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