Libya has officially become a shareholder in the African Export-Import Bank (Afreximbank), a move aimed at significantly boosting its economic recovery and reintegration into the African financial landscape.
Libya completed the full payment of its stake in Afreximbank on May 13, 2025. This transaction follows Tripoli’s accession to the institution’s founding agreement in October 2024, which officially made Libya the bank’s 52nd member country. This development marks a major step towards Libya’s financial reintegration into the African continent, as the nation strives to rebuild after years of protracted conflict.
Afreximbank is a pivotal player in trade finance across Africa, with its operations primarily focused on infrastructure development, hydrocarbon projects, and the export of manufactured goods. The institution also plays a crucial role in supporting regional integration initiatives, particularly within North Africa.
Libyan Finance Minister Khaled Al-Mabrouk hailed this progress as a “historic step” and a strategic tool. He emphasized its potential to accelerate the diversification of Libya’s economy and facilitate the country’s reconstruction in a context still marked by lingering instability.
SL/te/Sf/fss/abj/APA