Ethiopian businesses have secured a combined total of $32 billion in financing and trade support from the African Export-Import Bank (Afreximbank), marking a major milestone in the country’s efforts to scale up industrialization, trade, and economic integration within Africa.
The funding, which spans across several years and sectors, has been directed toward infrastructure, manufacturing, agriculture, and logistics, enabling Ethiopian firms to expand their capacity, improve exports, and strengthen participation in the African Continental Free Trade Area (AfCFTA).
Officials say the support from Afreximbank has been instrumental in facilitating import and export activities, reducing the country’s trade financing gap, and encouraging private sector growth in a challenging global economic environment.
Key sectors benefiting from the financing include textile and garment production, agribusiness, pharmaceuticals, and logistics. The support has also extended to major infrastructure projects such as transport corridors and industrial parks aimed at boosting intra-African trade.
Business leaders and government stakeholders have welcomed the bank’s continued engagement, noting that it reflects growing investor confidence in Ethiopia’s economic potential and reform agenda. Several firms have reported increased production and regional exports as a direct result of the financial backing.
The partnership aligns with Afreximbank’s broader mission to accelerate Africa’s industrial transformation and promote self-reliant economic growth through strategic investments in trade-enabling projects and institutions.
