According to the African Trade Report released by the Afreximbank during its 29th annual meeting, the African trade has made a significant recovery, and Africa’s GDP increased by 6.9% in 2021, after declining by 1.6% in 2020 as a result of the global pandemic “Covid-19”.
In this regard, Dr. Benedict Oramah, president and Chairman of the Board of Directors of the African Export-Import Bank, praised the flexibility of intra-African trade, stating that taking advantage of Africa’s rich cultural heritage and the creative power of its youth contributes to promoting cultural renaissance and economic transformations in the era of the African Continental Free Trade Area
          It is worth mentioning that the 29th annual meeting of the African Export-Import Bank (Afrexim Bank) was held from 15 to 18 June in the new administrative capital, the Arab Republic of Egypt, in the presence of central bank governors, heads of government and African ministers, and representatives of international and regional organizations, most notably: the United Nations, the African Union, the International Monetary Fund (IMF) and the World Bank, as well as representatives of banks, authorities and International experts, aiming to discuss ways to activate the potential of the African Continental Free Trade Area Agreement (AfCFTA) in the post-COVID-19 phase, in addition to exploring the future of economic integration on the continent and ways to empower African youth and benefit from creative energies in achieving economic growth across the African continent.