Afreximbank Seals Billion-Dollar Investment Push

At this year’s Afreximbank Annual Meetings (AAM2025), leaders from across the continent converged in Nassau, The Bahamas, for four days of critical dialogue and dealmaking. By the time the curtains fell on 28 June, the gathering had secured over $1 billion in new investment deals, marking a significant stride toward accelerating Africa’s development goals.

The event drew over 8,000 delegates, including presidents, ministers, and business executives from across Africa, the Caribbean, and beyond. Central to the momentum were four major Project Preparation Facility (PPF) agreements inked with organisations from Nigeria, Kenya, Malawi, and Zimbabwe.

Clean Energy, Pharmaceuticals, Infrastructure Get Boost

The agreements cut across vital sectors. In Malawi, a joint framework with NBS Bank Plc is set to provide early-stage capital and technical backing for projects in energy, healthcare, logistics, and more. “This partnership is designed to de-risk projects and transition them from concept to bankability,” said Mrs Kanayo Awani, Executive Vice President at Afreximbank. The initiative is expected to spark $300 million in investments.

Meanwhile, Kenya will benefit from a $4.4 million PPF with Med Aditus Pharmaceutical Kenya Ltd. The goal? A cutting-edge fill-and-finish plant in Kisumu County, capable of producing 2 billion tablets and capsules yearly. “The project will incorporate blockchain technology and boost Africa’s pharmaceutical manufacturing capabilities,” said Dr Dhiren Thakker, CEO of Med Aditus. The total projected investment sits at $40 million.

In Zimbabwe, Afreximbank and Green Hybrid Power Pvt Ltd struck a similar $4.4 million PPF deal for a 1-Gigawatt floating solar project on Lake Kariba. Its first phase will push 500MW into the grid under a 20-year contract. “This project will boost industrial productivity and enhance mineral beneficiation,” explained Mr Eddie Cross, the firm’s chairman. The total investment is estimated at $350 million.

Nigeria Eyes Energy Breakthrough

Nigeria isn’t left out. A fresh $4 million PPF agreement with Proton Energy Ltd is targeting a 500MW gas-fired plant in Sapele. The first phase will supply 150MW to Eko Electricity Distribution Company through a long-term agreement. “We’re excited to unlock Nigeria’s energy potential through strategic collaboration,” said Mr Oti Ikomi, Proton Energy’s CEO. The projected value? $300 million.

The meetings closed with a major leadership update as Dr George Elombi was named the incoming President of Afreximbank, following Prof Benedict Oramah, who completed a decade in office.