The African Export-Import Bank (Afreximbank) has announced a $10 billion support programme aimed at helping countries in Africa and the Caribbean manage the economic fallout from the ongoing Middle East conflict.
According to Reuters, the facility will provide trade financing, liquidity support, and emergency funding to mitigate disruptions in energy supply chains, rising commodity prices, and broader macroeconomic pressures linked to the crisis.
The initiative is designed to assist countries facing higher import costs, foreign exchange shortages, and inflationary pressures, particularly those heavily reliant on fuel and food imports from global markets affected by geopolitical tensions.
Afreximbank said the programme will also help stabilise trade flows and support critical sectors, ensuring that businesses can continue operations despite external shocks and supply chain disruptions.
