The Fund for Export Development in Africa (FEDA), a subsidiary of the African Export-Import Bank (Afreximbank) dedicated to promoting development impact across the continent, has announced that the Arab Republic of Egypt has officially acceded to its Establishment Agreement.
Egypt, a founding shareholder of Afreximbank and host country of the Bank’s headquarters, reaffirmed its long-standing commitment to advancing intra-African trade and supporting FEDA’s mission. The signing marks an important milestone that will deepen Egypt’s cooperation with other African economies and unlock new opportunities for regional trade integration.
Expanded Reach and Greater Support for Intra-African Trade
Egypt’s inclusion in FEDA’s membership significantly broadens the fund’s operational footprint and strengthens its capacity to deploy sustainable capital across the continent. FEDA’s interventions focus on industrialization, intra-African trade expansion, and the development of value-added exports—all critical components of Africa’s long-term economic transformation.
Professor Benedict Oramah, President of Afreximbank and Chairman of the Boards of both Afreximbank and FEDA, welcomed Egypt’s accession, noting its strategic importance.
“We warmly welcome the signing of the FEDA Establishment Agreement by the Arab Republic of Egypt. This momentous occasion exemplifies Egypt’s unwavering support for Afreximbank and its initiatives since inception. With Egypt onboard, FEDA is well-positioned to enhance its transformative investments within the country.”
This development is expected to accelerate collaboration, investment, and trade-building initiatives across Africa, positioning Egypt as a stronger partner in the continent’s export development efforts.
Distributed by APO Group on behalf of Afreximbank.
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