{"id":53871,"date":"2025-04-14T15:47:49","date_gmt":"2025-04-14T15:47:49","guid":{"rendered":"https:\/\/new.igihe.com\/rwanda-to-host-afreximbank-trade-center-to-boost-intra-african-trade\/"},"modified":"2025-04-14T15:47:39","modified_gmt":"2025-04-14T15:47:39","slug":"rwanda-to-host-afreximbank-trade-center-to-boost-intra-african-trade","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/rwanda-to-host-afreximbank-trade-center-to-boost-intra-african-trade\/","title":{"rendered":"Rwanda to host Afreximbank trade center to boost intra-African trade"},"content":{"rendered":"

Having already broken ground with the first AATC site in Abuja, Nigeria, the others will be located in key African cities including Kampala (Uganda), Harare (Zimbabwe), Cairo (Egypt), Yaound\u00e9 (Cameroon), Tunis (Tunisia) and Kigali (Rwanda).<\/p>\n

The Abuja AATC was officially commissioned on April.10 2025, marking a pivotal milestone in the Bank\u2019s broader vision for continental trade transformation.<\/p>\n

These flagship trade facilities are designed to serve as physical and institutional hubs that promote trade facilitation, investment promotion, and capacity building, all of which are critical pillars for sustainable economic development across Africa.<\/p>\n

Speaking during the grand commissioning ceremony in Abuja, Nigeria\u2019s Secretary to the Government of the Federation, Dr. George Akume, representing President H.E. Bola Ahmed Tinubu, emphasized the strategic importance of the AATC initiative.<\/p>\n

\u201cThis is more than a building. It is a symbol of Africa\u2019s bold ambitions for economic integration and trade-led development,\u201d he said.<\/p>\n

\u201cThe Abuja AATC will be a catalyst for innovation, entrepreneurship, and cross-border collaboration, aligning seamlessly with Nigeria\u2019s national priorities, including job creation, economic diversification, and regional integration.\u201d<\/p>\n

Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, said the multi-purpose facility will serve not only as the Bank\u2019s permanent regional office but also as a comprehensive trade ecosystem.<\/p>\n

\u201cThis center will house a technology incubation hub, SME support facilities, the Digital Africa Trade Gateway, a trade exhibition center, and a business hotel. It is a 41-month journey that embodies Afreximbank\u2019s enduring commitment to advancing intra-African trade,\u201d Oramah said.<\/p>\n

According to him, the Abuja AATC is part of a broader network of trade centers to be established across Africa and the Caribbean. Some will be owned by the Bank, while others will be developed under a franchise model.<\/p>\n

\u201cThese centers are envisioned to become lighthouses for the movement of goods, services, capital, and information, linking African economies more efficiently with each other and with the global trade ecosystem,\u201d he added.<\/p>\n

The Abuja facility comprises two interconnected nine-storey towers. One tower offers world-class commercial A-grade office space, a trade and exhibition centre, conference facilities, a digital trade hub, and a technology incubator.<\/p>\n

The adjoining tower features a 148-room business hotel, wellness centre, meeting and seminar rooms, a restaurant, and other ancillary services. The centre is also expected to host regional offices of financial institutions, trade bodies, and policy organizations to provide a comprehensive support network for business and trade development.<\/p>\n

Designed by global architectural firm SVA International, the building\u2019s design draws inspiration from the traditional African bazaar, capturing the vibrant pulse of trade that characterizes the continent\u2019s urban centres.<\/p>\n

Constructed on 5,856 square meters of prime land, the $120 million development began in November 2021 and reached completion within 41 months.<\/p>\n

Beyond Africa, Afreximbank has also initiated plans for its first AATC outside the continent, having broken ground in Bridgetown, Barbados, a few weeks ago.<\/p>\n

Through franchising and licensing arrangements, the Bank aims to establish non-Bank owned AATCs in collaboration with partner institutions across the broader African diaspora.<\/p>\n

\"Senator<\/figure>\n","protected":false},"excerpt":{"rendered":"

Africa\u2019s multilateral lender, African Export-Import Bank, has unveiled plans to establish seven Afreximbank African Trade Centres (AATCs) across the continent, including one in Kigali, in a strategic effort to drive intra-African trade and regional integration.<\/p>\n","protected":false},"author":135,"featured_media":2000085692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-53871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000085692,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-564.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-564.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-564.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-564.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-564.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-564.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/53871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/135"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=53871"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/53871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000085692"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=53871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=53871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=53871"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=53871"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=53871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}