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Afreximbank delivers strong FY2025 results; with a total assets and contingencies base of US$48.5 billion

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Afreximbank

Total assets and contingencies rose by 21% to US$48.5 billion, up from US$40.1 billion as at 31 December 2024, underscoring the Bank’s consistent growth trajectory

The Group’s balance sheet is at its strongest level ever, with liquidity levels and capitalisation well above target and good asset quality

CAIRO, Egypt, April 9, 2026/APO Group/ –African Export-Import Bank (“Afreximbank” or the “Bank”) (www.Afreximbank.com) and its subsidiaries (the “Group”) has announced strong results for the year ended 31 December 2025, underscoring sustained financial resilience, increased market confidence and strategic execution.

 

Total assets and contingencies rose by 21% to US$48.5 billion, up from US$40.1 billion as at 31 December 2024, underscoring the Bank’s consistent growth trajectory.

Net loans and advances for the Group closed the year at US$33.5 billion (FY’2024: US$29.0 billion), an increase of 16%, supported by continued disbursements across the continent and the Caribbean through various product offerings. The Group funded strategic priorities areas such as manufacturing, infrastructure, food security and climate adaptation.

The Group’s non-performing loan (NPL) ratio remained stable at 2.43% (FY’2024: 2.33%), demonstrating consistent portfolio quality.

The Group’s liquidity position remained robust, with cash and cash equivalents at US$6.0 billion (FY’2024: US$4.6 billion). Liquid assets accounted for 14% of total assets, above the Bank’s strategic minimum level of 10%. Shareholders’ funds grew by 17% to US$8.4 billion as at 31 December 2025, driven by net income of US$1.2 billion, and new equity inflows of US$299.4 million raised under the General Capital Increase II.

Gross Income increased by 6.06% reaching US$3.5 billion in FY’2025 from US$3.3 billion achieved in FY’2024.

Operating expenses increased to US$459.2 million (FY’2024: US$367.7 million), reflecting strategic staff expansion, and inflationary pressures with the Group maintained strong cost efficiency resulting in a cost-to-income ratio of 21% (FY’2024: 18%) well below the strategic ceiling of 30%.

Contrary to concerns raised by some rating agencies during the year, the Bank accessed international bond markets by successfully raising over US$800 million from Japan and China, courtesy of the Samurai and Panda bonds in 2025. This demonstrated the Group’s fund-raising capabilities and the solid nature of the Bank’s DNA as a pan-African multilateral financial institution committed to ensuring that Africa’s full and sustainable self-reliance remain firm.

Net income increased by 19% to US$1.2 billion in 2025, up from US$973.5 million in the prior year. These results were achieved through the expanded delivery of tailored financial and advisory solutions that supported trade, fostered industrialisation and enhanced economic self-reliance.

Highlights of the results for Afreximbank Group are shown below:

Financial Performance Metrics

FY’2025

FY’2024

Gross Income (US$ billion)

3.5

3.3

Net Income (US$ million)

1,156.8

973.5

Return on average equity (ROAE)

15%

15%

Return on average assets (ROAA)

3.04%

2.96%

Cost-to-income ratio

21%

18%

 

Financial Position Metrics

FY’2025

9M’2024

Total Assets (US$ billion)

42.3

35.3

Total Liabilities (US$ billion)

33.9

28.1

Shareholders’ Funds (US$ billion)

8.4

7.2

Non-performing loans ratio (NPL)

  2.43%

2.33%

Cash/Total assets

14%

13%

Capital Adequacy ratio (Basel II)                                                                         23%

24%

 

Mr. Denys Denya, Afreximbank’s Senior Executive Vice President, commented:

 

“Despite continuing global geopolitical challenges and disruptions caused by some rating actions, the Group delivered excellent financial performance in 2025, a fitting tribute to a decade of consequential leadership under Professor Oramah, with total assets and contingencies reaching $49 billion. Pleasingly, the Group is way ahead on most of it targets in delivery on its 6th Strategic plan that ends on 31 December 2026. With recently established subsidiaries such as FEDA and AfrexInsure becoming profitable, Net income grew by 19% to stand at US$1.2 billion, underpinned by a strong capital base of US$8.4 billion. The Group’s balance sheet is at its strongest level ever, with liquidity levels and capitalisation well above target and good asset quality. These results are a testament to the unwavering execution by the Group’s hard working human capital. We entered 2026 financial year with significant momentum, ready to scale the Group’s impact, accelerate trade integration and value addition across Global Africa, and deliver greater value to our shareholders.”

Distributed by APO Group on behalf of Afreximbank.

Business

CGTN: Navigating the South China Sea Before GPS

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BEIJING, CHINA – Media OutReach Newswire – 9 July 2026 – Ten years after the South China Sea arbitration, CGTN has published an article exploring the story of the Genglubu – a handwritten navigation manual that guided generations of Hainan fishermen long before GPS, shedding light on a chapter of South China Sea history unfamiliar to many outside the region.

How did generations of Chinese sailors find their way across the South China Sea, one of the world’s busiest and most challenging waterways?

A new CGTN documentary, Genglubu: Charting the South China Sea, explores the answer through a little-known ancient navigation manual passed down for generations of fishermen in Tanmen, Hainan Province. The Genglubu recorded routes, compass bearings and sailing distances, helping fishermen navigate reefs, islands and open seas. The documentary follows the fishermen who crossed the sea, the families who preserved their knowledge and a maritime tradition that connected China with Southeast Asia and beyond.

The People Who Brought the Genglubu to Life

To outsiders, the Genglubu looks like a secret code. A single line of just fourteen Chinese characters can contain an entire sea route: the departure point, direction, destination, distance and estimated sailing time.

“Generation after generation, Hainan fishermen rode the waves – not to rule the sea, but to make their living from it.”

Xin Lixue, Curator, China (Hainan) Museum of the South China Sea

The documentary follows veteran fishing boat captains whose lives were inseparable from the sea. Wang Shitao first went to sea at the age of nine. At twelve, his fishing boat was caught in a typhoon. Everyone else on board died. Clinging to a piece of floating timber, he drifted alone for three days. Four years later, another violent storm struck. Once again, he was the only survivor. Yet each time, he returned to the sea. Late in life, reflecting on decades spent sailing the South China Sea, he summed up his feelings:

“I love the South China Sea. I hate it. I miss it.”

Wang Shitao, fishing boat captain

The sea demanded sacrifice even as it provided a livelihood. A storm or mishap could wipe out an entire crew.

“Children and brothers should never sail on the same boat.”

Wang Shubao, fishing boat captain

A Maritime Tradition Connecting Asia

The documentary challenges the common assumption that the Genglubu was only about the South China Sea. Research on the Liang Family Genglubu reveals routes extending to Singapore, Malacca and Indonesia, showing that Hainan fishermen also played a role in regional maritime trade.

“Hainan fishermen also took part in overseas trade.”

Zhao Jueqi, China (Hainan) Museum of the South China Sea

Not every route was written in words. Some Genglubu manuscripts contain mountain-and-water charts. They combine sketches of coastlines with compass bearings, water depth and sea conditions. These drawings helped sailors identify islands, reefs and coastlines and determine their position at sea.

“The Americans and the British produced their own navigational records, which identify the Chinese as being engaged very heavily in fishing on these islands and other forms of economic activity.”

Anthony Carty, International Law Sholar

Today, satellites, weather stations and lighthouses have transformed navigation across the South China Sea. But the purpose remains the same: helping sailors travel safely and return home. Genglubu: Charting the South China Sea traces a maritime tradition shaped by generations of ordinary people. It is a story of navigation, memory and resilience, one that forms part of the shared maritime heritage of Asia.

 

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Renew Capital Narrows 500+ African Companies to 15 Embedded Finance Investment Candidates

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From 48 countries, selected companies are using existing customer relationships, data and distribution to expand financial access for African SMEs

The next generation of Africa’s small business banks won’t be banks

KIGALI, Rwanda, July 9, 2026/APO Group/ –Renew Capital (http://RenewCapital.com/) has selected 15 companies from more than 500 applicants across 48 African countries to advance through its inaugural Renew Venture Lab: EmFi Series.

 

The size and breadth of the applicant pool point to a larger shift underway across Africa: some of the continent’s most promising embedded finance opportunities may come not from traditional fintechs, but from tech companies already serving small and medium-sized enterprises (SMEs).

Africa’s SMEs are the main creators of jobs, yet they face an estimated $330B annual credit gap. However, Africa is rapidly becoming a global center for technology innovation and currently boasts the world’s largest mobile money market. Meanwhile, SMEs are becoming more tech-enabled as smartphone adoption across sub-Saharan Africa is projected to rise from 54% in 2024 to 81% by 2030 and data costs plummet.

These trends open new opportunities to embed financial products in mobile applications to reach the world’s most capital-constrained private sectors, unlocking growth and job creation. As Africa’s startup ecosystems grow, technology companies powering digital payments, organizing smart distribution, optimizing logistics, improving healthcare, and digitizing agriculture value chains have the potential to reach millions of SMEs that banks are not serving and use their customer data to underwrite financial products.

All 500+ applicants were invited to exclusive expert sessions with founders from some of Africa’s fastest-growing companies and gained advice from some of the world’s leading embedded finance and Web3 companies. Forty-seven companies were selected for a pitch competition and given a startup package valued at more than $250,000. From this group, 15 were selected to advance to deeper technical training and investment consideration. The 15 companies represented Ethiopia, Ghana, Kenya, Morocco, Nigeria, Senegal, South Africa, Togo, Uganda and Zambia.

Matthew Davis, Co-CEO of Renew Capital, said: “The next generation of Africa’s small business banks won’t be banks. They’ll be startups that already understand how SMEs operate, have their data and have earned their trust. These 15 companies are building from that advantage. That’s why we’re paying attention.”

THE TOP 15 COMPANIES

Company Country Founder Website
AgroCenta Ghana Francis Obirikorang (https://apo-opa.co/4vTsP3Q) https://apo-opa.co/4vW91No
Boost Technology Ghana Mike Quinn (https://apo-opa.co/4vWkAEm) https://apo-opa.co/4vWkE74
Dots for Africa Senegal Carlos Oba (https://apo-opa.co/4peki9h) http://DotsFor.com
Fanaka Zambia Hillary Sang (https://apo-opa.co/4h7E1oS) https://apo-opa.co/4h3rkvj
Kutana Ghana Samuel Opoku (https://apo-opa.co/4vW923U) https://apo-opa.co/4fnYapA
MajibuAfrica Uganda Janis Zicans (https://apo-opa.co/4f3YGrg) https://apo-opa.co/4aGskSe
Marakisoft Ethiopia Alemayehu Seifu (https://apo-opa.co/4eSIN8o) https://apo-opa.co/3R1TAUI
Oze Ghana Meghan McCormick (https://apo-opa.co/4paWgf9) https://apo-opa.co/4vXKbN6
Regxta Nigeria Rukayat Bello (https://apo-opa.co/4vSdMaz) https://apo-opa.co/4h28bdg
Rigo Nigeria Olukayode Odeyinde (https://apo-opa.co/4aJjcfF) https://apo-opa.co/4w2UbEP
Shiprazor South Africa Lesego Tladinyane (https://apo-opa.co/3SU3hVK) https://apo-opa.co/4aGsl8K
Solimi Togo Gael Egbidi (https://apo-opa.co/3SSjZor) https://apo-opa.co/4vWkFIa
Tradevu Nigeria Nkiru Amadi-Emina (https://apo-opa.co/4aGsadA) https://apo-opa.co/4eS7dPl
Z Systems Morocco Samer Choumar (https://apo-opa.co/4bd4PQU) https://apo-opa.co/4vUQUYf
Zendawa Kenya Wilfred Njuguna (https://apo-opa.co/4pavJyx) https://apo-opa.co/4eREuKE

Distributed by APO Group on behalf of Renew Capital.

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Makor Resources CEO to Speak at African Mining Week (AMW) 2026 Amid $30M Copper Strategy and Artisanal and Small-Scale Miners Formalization Drive

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Brooke Bibeault’s participation at African Mining Week will highlight Makor Resources’ Zambia strategy, its approach to ASM formalization and the role of copper projects in supporting long-term critical minerals growth

CAPE TOWN, South Africa, July 9, 2026/APO Group/ –Brooke Bibeault, CEO of copper-focused exploration and development company Makor Resources, has been confirmed as a speaker at African Mining Week (AMW) 2026, taking place October 14–16 in Cape Town. The event brings together global mining investors, developers and policymakers to discuss opportunities shaping Africa’s next generation of critical minerals projects.

 

Bibeault will participate in a panel discussion on Accelerating the Formalization of Artisanal Miners, where industry stakeholders will explore pathways to integrate artisanal and small-scale miners (ASM) into formal mining value chains while improving productivity, environmental standards and community development outcomes.

The discussion aligns with Makor Resources’ approach in Zambia, where the company is supporting ASMntegration through its MineHive program. The initiative provides funding and technical support to ASM operators, strengthening local participation in the copper sector while creating structured pathways into formal supply chains.

Alongside its ASM-focused initiatives, Makor Resources is advancing a district-scale copper exploration strategy across Zambia, supporting the country’s long-term ambition to significantly increase annual copper output. The company is progressing the Muli Copper Project in Central Zambia, while also advancing exploration at the Kangili Copper Project in the Mkushi District.

In early 2026, Makor Resources announced plans to invest up to $3 million by the end of the year to enhance geological understanding across its asset portfolio. The program includes integrated geophysical surveys, remote sensing and systematic sampling campaigns designed to support target definition and resource delineation. These activities form part of a broader investment framework estimated at between $20 million and $30 million over the medium term.

With global copper demand projected to rise significantly in the coming decades, attention is increasingly turning to new supply sources. At AMW 2026, Bibeault is expected to outline how Makor Resources’ Zambia portfolio is positioned to contribute to both national economic development and the broader global energy transition through expanded copper supply.

Distributed by APO Group on behalf of Energy Capital & Power.

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