Afreximbank’s Fund for Export Development in Africa Soars with $40M Profit!
The Fund for Export Development in Africa (FEDA), serving as the impact investment division of the African Export-Import Bank (Afreximbank), concluded 2024 with a net...
The Fund for Export Development in Africa (FEDA), serving as the impact investment division of the African Export-Import Bank (Afreximbank), concluded 2024 with a net profit of $40.3 million. This figure represents a remarkable 72% increase compared to the $23.4 million recorded in 2023, as detailed in its 2024 annual report. This unprecedented profitability highlights...