Afreximbank Annual Meetings Record Project Preparation Deals Expected to Unlock About US$1.0 Billion in Investments
The 32nd Annual Meetings of African Export-Import Bank (Afreximbank), also known as AAM2025, saw a series of impactful deal signings. Four project preparation transactions were concluded between Afreximbank and various partners, expected to catalyze investments totaling approximately US$1.0 billion.
In one notable agreement, Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development at Afreximbank, and Mrs. Temwani Simwaka, CEO of NBS Bank Plc (NBS), Malawi, signed a Joint Project Preparation Facility Framework Agreement. Under the deal, the institutions will combine resources to provide early-stage project preparation financing—taking initiatives from pre-feasibility to bankability. The partnership aims to de-risk and advance projects across sectors such as energy, transport, logistics, special economic zones, manufacturing, agro-processing, tourism, extractives, healthcare, ICT, and the creative economy.
An embedded capacity-building component will also empower NBS staff to conduct project preparation activities in the medium term. The collaboration is expected to unlock approximately US$300 million in investments in Malawi in the near term.
In Kenya, Afreximbank signed a US$4.4-million Project Preparation Facility Agreement with Med Aditus Pharmaceutical Kenya Limited. The facility will fund feasibility and bankability studies for a cutting-edge fill-and-finish pharmaceutical manufacturing plant in Kibos, Kisumu County.
The facility, with a planned output of two billion tablets and capsules annually, will help improve access to affordable, life-saving medicines across the Great Lakes region. It will also support the transfer of blockchain and manufacturing technologies to Africa. The project is projected to mobilize investments of about US$40 million.
