ALL AGRI #Africa Market

Now operational, the refinery is helping Nigeria reduce petroleum import costs by $10 to $12 billion annually, increasing value-added exports, and building a strong industrial foundation.Oramah also reflected on Afreximbank’s wider continental efforts, stating that the bank has invested about $120 billion across Africa and the Caribbean between 2020 and May 2025.He added that $50 billion was disbursed between 2022 and 2023 alone to strengthen internal production capacity and reduce dependence on Black Sea supplies.Over the past decade, total investments have reached $155 billion.