Write Hatem Mohamed<\/p>\n\n\n\n
South Africa and Afreximbank<\/strong> Seal $14bn<\/strong> Deal in Alamei<\/strong>n<\/p>\n\n\n\n The African Export-Import Bank (Afreximbank) and the Government of the Republic of South Africa, through the Department of Trade, Industry and Competition (\u201cthe dtic\u201d), have signed a Memorandum of Understanding (MoU) to advance South Africa\u2019s industrial development, trade expansion, and regional integration.<\/p>\n\n\n\n $14 Billion Programme Launched to Support Key Sectors<\/strong><\/p>\n\n\n\n Signed in Alamein, Egypt, on 20 June 2026, the MoU establishes a US$14 billion country programme. Under the agreement, Afreximbank will deploy a mix of financing and non-financial interventions to support South Africa\u2019s development priorities as one of Africa\u2019s largest economies.<\/p>\n\n\n\n Elombi and Minister Tau Sign the MoU<\/strong><\/p>\n\n\n\n The agreement was signed by Dr. George Elombi, President and Chairman of the Board of Directors of Afreximbank, and Hon. Mpho Parks Tau, South Africa\u2019s Minister of Trade, Industry and Competition.<\/p>\n\n\n\n Partnership Follows South Africa\u2019s Afreximbank Membership<\/strong><\/p>\n\n\n\n The partnership marks a significant step to deepen cooperation after South Africa\u2019s accession to the Afreximbank Establishment Agreement in February 2026. The MoU will support investment in industrial infrastructure, energy generation and transmission, and other projects that enhance South Africa\u2019s industrial competitiveness and trade links across the continent.<\/p>\n\n\n\n $3 Billion Allocated for Inclusive Economic Growth<\/strong><\/p>\n\n\n\n The Country Programme includes the Afreximbank Inclusive Development Support Programme for South Africa. It aims to address structural economic gaps and expand finance access for previously disadvantaged groups. The Bank has earmarked US$3 billion for this initiative to enable asset building and participation in strategic sectors.<\/p>\n\n\n\n Elombi: Deal Will Unlock Investment in Strategic Sectors<\/strong><\/p>\n\n\n\n Dr. George Elombi said: \u201cWith this MoU, we have taken a significant step to strengthen our partnership and advance Africa\u2019s economic integration. The programme will unlock investment into minerals and agriculture processing, expand trade under the AfCFTA, promote South African investment across Africa, and advance financial and economic inclusion.\u201d<\/p>\n\n\n\n Minister Tau: MoU to Strengthen AfCFTA Implementation<\/strong><\/p>\n\n\n\n Hon. Mpho Parks Tau noted: \u201cThe MoU seeks to advance the AfCFTA by promoting stronger regional value chains and addressing cross-border constraints that inhibit the free flow of goods, services, and capital.\u201d<\/p>\n\n\n\n Collaboration to Cover Exim Bank, SEZs and Renewable Energy<\/strong><\/p>\n\n\n\n Other areas of cooperation include relaunching SATIPP 2.0, establishing a South Africa Exim Bank with technical and seed funding support, financing industrial parks and Special Economic Zones, co-financing renewable energy and mineral beneficiation projects, and providing technical assistance and advisory services.<\/p>\n\n\n\n Programme Aligned with South Africa\u2019s NDP 2030<\/strong><\/p>\n\n\n\n The Country Programme aligns with South Africa\u2019s National Development Plan 2030, the Medium Term Development Plan 2024-2029, the GAIN Implementation Plan, and the country\u2019s industrial and trade strategies.<\/p>\n","protected":false},"excerpt":{"rendered":" Write Hatem Mohamed South Africa and Afreximbank Seal $14bn Deal in Alamein The African Export-Import Bank (Afreximbank) and the Government of the Republic of South Africa, through the Department of Trade, Industry and Competition (\u201cthe dtic\u201d), have signed a Memorandum of Understanding (MoU) to advance South Africa\u2019s industrial development, trade expansion, and regional integration. $14 […]<\/p>\n","protected":false},"author":3,"featured_media":725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[111,3,38,5,2],"tags":[146,188,189],"class_list":["post-724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-business","category-economics","category-technology","category-world","tag-afreximbank","tag-south-africa","tag-trade"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=\/wp\/v2\/posts\/724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=724"}],"version-history":[{"count":1,"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=\/wp\/v2\/posts\/724\/revisions"}],"predecessor-version":[{"id":726,"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=\/wp\/v2\/posts\/724\/revisions\/726"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=\/wp\/v2\/media\/725"}],"wp:attachment":[{"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}