The Dangote Group, Africa’s leading indigenous conglomerate, has become the latest corporate organisation to join the African Export-Import Bank as a shareholder.

According to information released by Afreximbank, the Dangote Group completed the process of acquiring equity in the bank on May 30 this year with a “substantial investment.
“I consider Afreximbank a good vehicle for fostering regional integration in Africa which aligns with our vision and mission for growth and development across the continent,” Dangote Group President and Chief Executive Officer, Aliko Dangote, was quoted as saying in a statement issued by Afreximbank.
Welcoming the action by the Dangote Group, President of Afreximbank, Dr Benedict Oramah, stated that the investment was “a strong vote of confidence in the bank by, arguably, the largest indigenous corporate organisation in Africa.
“The massive investment the Dangote Group is making across Africa makes it a partner of choice in the delivery of our intra-African trade strategy. Working with the Dangote Group, we will build supply chain financing across Africa that could reach $1 billion in the short term, promoting intra-regional trade and growth of Short and Medium Enterprises and creating much needed jobs.”