He highlighted the bank's strategic emphasis on promoting industrialization and the transition from exporting raw materials to manufacturing value-added products.
Additionally, Nsomba pointed out Afreximbank's significant role in fostering trade and investment between Africa and its diaspora. This statement was made during a workshop presentation at the Intra-African Trade Fair (IATF2023), taking place in Egypt from November 9 to 15.
IATF2023, the third edition of the fair, serves as a platform for businesses to engage with an integrated African market of over 1.3 billion people, boasting a combined GDP of over $3.5 trillion under the AfCFTA. This initiative aligns with the African Union's vision to create a unified and prosperous African market.