The African Export-Import Bank (Afreximbank) has laid the groundwork for its US$180 million Afreximbank Africa Commerce Centre (AATC) in Barbados. The bank anticipates that this project would boost commerce and investment in the area., and Guyana stands to gain greatly from the project.
The institution is expected to open by September 2027 and will be the first of the bank’s trading centers outside of Africa.
Professor Benedict Oramah, president of Afreximbank, informed guests at the event held at Jemmotts Lane in St. Michael that action was finally being taken, not just plans being made, and the future in bright for the diaspora.
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He said, “For the first time in Africa’s relationship with its Diaspora, we are matching our words with concrete action, and we are, by so doing, poised to reclaim our destiny. For the first time, an African multilateral financial institution would be deeply rooted in the rich fields of the Caribbean, flying high its own white flag of openness and prosperity as well as those of its 54 African member states, tied in an unbroken embrace with its 12 Caricom participating states and their people.”
