Afreximbank Keen to Finance Trade and Trade Enabling Projects in Ethiopia

Addis Ababa, June 2, 2025 (ENA) -- African Export-Import Bank (Afreximbank) has reaffirmed its desire to finance trade and trade enabling projects in Ethiopia, commending the nation’s position as one of Africa’s fastest growing economies.

Afreximbank Ethiopia Roadshow 2025 was held today under the theme “Empowering Ethiopia’s Growth: Catalyzing Trade, Investment and Industrialization through Tailored Afreximbank Solutions.”

Addressing the event today, Client Relations Acting Group Managing Director at Afreximbank, Eric Monchu Intong, commended Ethiopia’s ongoing economic reforms and increased public investment.

“Ethiopia’s GDP is expected to continue its upward trajectory, reflecting Ethiopia’s position as one of Africa’s fastest growing economies,” he said.

Inflation is anticipated to decline steadily by 2027, supported by macroeconomic stabilization, policies and reforms in the financial sector, Intong noted.  

According to him, Afreximbank’s mandate is to promote, facilitate and finance intra-African trade.

 

In Ethiopia, Afreximbank’s intervention has been instrumental in various sectors, he stated.

“We are keen to finance trade and trade enabling projects such as railways, airports, industrial parks, local manufacturing, value added exports, and other sectors like coffee, among others.”

Intong finally expressed the readiness of Afreximbank to reinforce its support for Ethiopia’s economic reform which is on the right track.

On his part, National Bank of Ethiopia Vice Governor, Fikadu Digafe, said Ethiopia has undertaken massive economic reforms which resulted in tangible results in various sectors.

 

Following the FX reform and modernizing the nation’s monetary policy, some critical achievements, including increase in GDP have been registered.

Export has been doubled, and inflation has declined continuously, among others, he pointed out.

Noting that Ethiopia’s economy is moving forward in every aspect, the vice governor emphasized that the government is highly committed to making the country a regional trade and logistics hub.