Jamaica Joins Afreximbank, Secures $1.5B in Regional Financing

Jamaica has acceded to pan-African financial institution the African Export-Import Bank (Afreximbank), becoming the 13^th member of the intergovernmental Caribbean Community to join the institution.

The move grants Jamaica and regional partners access to $1.5 billion in trade and project financing, bringing Afreximbank’s total facility for the Caribbean to $3 billion.

“The partnership agreement unlocks Afreximbank’s financing solutions, trade facilitation tools and investment opportunities, empowering Jamaican businesses to access African markets while fostering reciprocal trade,” stated Benedict Oramah, President and Chairman of the Board of Directors, Afreximbank.

The financing is set to support key sectors including manufacturing, agriculture, logistics and the creative industries via tailored financial instruments.

To date, Afreximbank has approved over $700 million across the Caribbean, with a pipeline exceeding $2 billion. The bank’s investments span energy, tourism, education and small business development across Barbados, Suriname, St. Lucia, Grenada and The Bahamas.