Afreximbank’s Fund for Export Development In Africa Posts $40m Profit

The Fund for Export Development successful Africa (FEDA), the interaction concern limb of the African Export-Import Bank (Afreximbank), closed 2024, reporting a nett income of $40.3 million. The effect marks a 72 per cent leap from the $23.4 cardinal posted successful 2023. This is according to its 2024 yearly report.

This grounds nett besides underlies FEDA’s increasing power arsenic 1 of Africa’s emerging powerhouses successful backstage superior and improvement finance.

At the bosom of Afreximbank’s strategy to propulsion Africa’s maturation beyond commercialized finance, FEDA was established successful 2019. Its mandate is to transmission equity, quasi-equity, and backstage recognition into businesses and projects that person a semipermanent impact. By the extremity of 2024, its fiscal investments had swelled to $573.8 million, with $410 cardinal deployed into caller ventures crossed aggregate sectors. These projects scope from infrastructure to technology, healthcare, and adjacent sports.

In 2024, Nigeria, alongside Benin, Guinea-Bissau, Malawi, and the Gambia, joined FEDA, bringing the fig of subordinate states to 19.

To execute this, FEDA operates done a suite of specialised funds. The flagship FEDA Direct Equity Fund I has raised and committed $270 cardinal truthful far, backing businesses with scalable potential. Its astir salient woody is with Arise Integrated Industrial Platforms (IIP), a Pan-African developer of concern parks.

In 2022, FEDA made an further $85 cardinal equity publication to Arise IIP. The money has besides backed little accepted plays, including a involvement successful Team Drogba, the electrical vessel racing outfit spearheaded by Ivorian shot fable Didier Drogba.

Beyond equity, FEDA has turned to indebtedness markets done its Africa Credit Opportunities Fund (ACOF), which has mobilised $125 cardinal successful superior and begun disbursements by aboriginal 2025. Unlike its equity counterpart, ACOF is designed to present flexible indebtedness financing to African businesses.

Its astir high-profile backing truthful acold is the African Medical Centre of Excellence project.
This inaugural is envisioned arsenic a landmark for healthcare transportation and probe connected the continent.

For startups and tiny businesses, FEDA’s Venture Fund has carved retired $25 cardinal successful backing for African SMEs. Over the years, entree to diligent superior has been a occupation for early-stage ventures.

The instauration is preparing to motorboat a $150 cardinal Africa Film Fund successful 2025. This would beryllium a first-of-its-kind conveyance to enactment Africa’s movie and originative industries, with Nollywood successful view.

FEDA besides maintains Libreville Africa Holdings Limited, a $366.8 cardinal concern conveyance with divers African stakes. Libreville holds a 5 per cent equity involvement successful power-generating institution Geregu Power Plc successful Nigeria. In Mauritania, Libreville has a $31.3 cardinal concern successful FMCG subordinate TND SA.

Backed by beardown shareholder confidence, FEDA attracted an further $258.7 cardinal successful caller superior successful 2024, lifting full shareholder funds to $607 million. The instauration besides earned $20.8 cardinal successful work fees from its concern with Arise IIP, further solidifying its gross base.

For Afreximbank, FEDA’s occurrence underscores a broader displacement successful Africa’s fiscal landscape: moving from trade-focused lending toward semipermanent equity and backstage superior investments that make sustainable maturation engines.