Afreximbank to Launch Financing Window for Africa's Mineral Processing Projects
The African Export-Import Bank (Afreximbank) plans to create a special financing window for projects that convert Africa's raw minerals into semi-finished and finished products.
"No more Nigerian bauxite, or Gabonese manganese, or Cameroonian bauxite, or South African bauxite, raw. We are not interested,"
Afreximbank's new president, George Elombi, announced this during his swearing-in ceremony, emphasizing a new era of domestic value addition and industrialization.
- Focus on domestic processing with numerous benefits
- Developing strategic industries to drive industrialisation and job creation
Author's summary: Afreximbank launches financing for Africa's mineral processing projects.
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