The African Export-Import Bank (Afreximbank) says its African Sub-Sovereign Governments Network (AFSNET) has facilitated investment opportunities worth over $3 billion across 21 African countries, including Nigeria, in five years.
Gainmore Zanamwe, director of Trade Facilitation and Investment Promotion at Afreximbank, disclosed this on Thursday in Calabar during a news conference at the sixth edition of the AFSNET platform.
Mr Zanamwe said the initiative had also trained more than 2,000 people in investment promotion, entrepreneurship and project development to strengthen their capacity to identify opportunities and attract financing.
He explained that the platform was established in 2021 to extend Afreximbank’s development interventions beyond national governments to states and other sub-national authorities.
According to him, the initiative seeks to connect entrepreneurs, investors and financial institutions while enabling states to maximise opportunities in agriculture, manufacturing, tourism and the creative industry.
He said the platform was also designed to ensure that young African entrepreneurs
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