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Afreximbank Launches New Entity to Boost Large-Scale Trade in African Value-Added Goods

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The African Export-Import Bank (Afreximbank) officially launched the African Trade and Distribution Company (ATDC), a new initiative designed to catalyse large-scale trade in raw materials, minerals, and value-added products across Africa.

Established through Afreximbank’s Fund for Export Development in Africa (FEDA) in partnership with Arise Integrated Industrial Platforms (Arise IIP), Equitane DMCC, and the African Continental Free Trade Area (AfCFTA) Secretariat, ATDC has secured a US$1 billion funding commitment from Afreximbank. This capital will support the aggregation of value-added goods, strengthen logistics and distribution networks, and finance the operations of ATDC’s subsidiaries.The operational launch took place at the ongoing Intra-Africa Trade Fair 2025 (IATF2025) in Algiers, Algeria. The ceremony was presided over by Prof.

Benedict Oramah, President and Chairman of Afreximbank, and attended by Sifi Ghrieb, Acting Prime Minister of Algeria, alongside government officials from African and Caribbean nations.A significant milestone was the unveiling of ATDC’s flagship subsidiary, ATDC Minerals (ATMIN), which will focus on the trading and financing of minerals and hydrocarbons.Prof. Oramah emphasized Africa’s rich resource base but noted the continent’s historical reliance on external actors to add value and trade its commodities.

“Through ATDC and ATMIN, we aim to close the loop by integrating production and trading within local economies to benefit more people,” he said.During the launch event, ATDC signed several strategic agreements with firms across Africa, covering sectors such as logistics, minerals, and agricultural produce. Partnerships include collaboration with Arise IIP for feedstock supplies to special economic zones, co-investment with BSMART Technology Limited to develop digital logistics hubs at key African ports, and trade partnerships with Export Trading Group (ETG), KK Kingdom Nigeria Limited, and Sunbeth Global Concepts Limited.

Furthermore, joint ventures with CBZ Holdings and Nigeria Commodity Exchange were announced to establish national ATDC entities in Zimbabwe and Nigeria.ATMIN disclosed deals valued at approximately US$3 billion, including major oil lifting agreements with Nigeria National Petroleum Company Limited and Roxzen Nigeria Limited.Abdul Aziz Ba, CEO of ATDC, expressed ambition for the company to cultivate a robust trading ecosystem across Africa, linking production, processing, and distribution to global markets.

“We are driving the continent’s transition from the export of raw materials to value-added products through strategic partnerships and effective logistics,” Ba said.Ajay Oommen, CEO of ATMIN, highlighted the subsidiary’s role in supporting monetization of Africa’s fossil fuel resources ahead of the global energy transition, aiming to retain significant value within the continent.

“Agricultural Financing Gap Threaten Food Security” Expert Warn

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Authorities and development experts are urging Africa nations to address a critical financing gap in agriculture, warning it could jeopardize food security and economic stability across the continent.

While agriculture accounts for more than two-thirds of Africa’s workforce, experts point out that it accounts for less than 4% of commercial loans. The African Development Bank estimates that this creates a funding deficit of $80 billion annually.

This shortage has a significant impact on small farmers and agricultural small and medium-sized enterprises. These entities produce up to 70% of the continent’s food, but they face a lack of access to credit, damaged infrastructure, and high credit costs.

To fill this gap, a new approach is needed, namely an approach that prioritizes smarter and more inclusive partnerships that puts farmers at the center of development efforts, officials said at a recent forum.

At the African Food Systems Forum in Dakar, Heifer International emphasized the need to move beyond immediate, short-term interventions to integrated systems in order to bring about lasting change in agriculture.

The organization explained how grants and philanthropic grants can attract more investment while aligning with local realities and help young entrepreneurs expand their innovations.

“Africa’s agriculture future will be built with strong partnerships and funding that will help bring ideas to reality,” Surita Sandsham, President and CEO of Heifer International.

The organization showcased successful initiatives in Nigeria, Uganda and Kenya, demonstrating how partnerships with local cooperatives and youth-led enterprises can increase farmers’ incomes, improve food systems, and attract private investment. By strengthening these collaborations, countries can strengthen their food security as their populations grow.

Adesuwa Ifedi, Senior Vice President for Africa Programs at Hifer International, said these results show what is possible when local actors lead the way. “Farmers need to be seen as business partners, young innovators need the opportunity to validate their models, and finance needs to be structured in a way that equally shares risk,” she explained.

By connecting youth-led enterprises and women farmers with cooperatives and designing inclusive partnerships, Hefer is helping national governments make agricultural development often benefit those who are often lagging behind.

Honor the History for a Better Future — China and Africa Jointly Building a New Era of Peace and Prosperity

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By Amb. JIANG Feng

This year marks the 80th anniversary of the victory of the Chinese People’s War of Resistance against Japanese Aggression and the World Anti-Fascist War. This year also coincides with the African Union’s 2025 theme year of “Justice for Africans and People of African Descent through Reparations”. This historic confluence not only highlights the deep-rooted friendship between China and Africa forged through struggles against colonialism and fascism, but also presents a significant opportunity for both sides to strengthen solidarity, enhance cooperation, and jointly address global challenges.

Looking back on history, China and Africa have firmly supported each other and fostered a profound friendship in fighting imperialism and colonialism, in striving for national liberation, and in pursuing development and rejuvenation. As the main theater in the East of the World Anti-Fascist War, the Chinese People’s War of Resistance against Japanese Aggression started the earliest and lasted the longest. With tremendous sacrifice, China held ground in the main Eastern battlefield of the World Anti-Fascist War. Meanwhile, Africa was a key battleground and reliable overseas base for anti-Fascist allies during WWⅡ. More than 30 African countries sent approximately 1.5 million people to the front lines to fight bravely, and around 2.5 million Africans engaged in logistics and transportation, military engineering, and other work, providing valuable personnel and material support for the victory of the war. As Chinese President Xi Jinping points out, similar historical experience, common development tasks and shared strategic interests have bound China and Africa together. China and Africa have always shared a common destiny.

Through shared trials and tribulations, China and Africa have remained committed to defending historical truth and promoting international justice. History is a mirror to the future. We must learn from history so that we can prevent the repetition of past mistakes. Regrettably, yet to this day, certain countries are still trying to whitewash or deny the aggression, distort or falsify history, and even honor the war criminals and justify their crimes. This is not only a challenge to the postwar international order and a violation of human conscience, but also an affront to the people of all nations, including China and African countries, who endured immense suffering during the war.

History shall not be denied, and justice shall not be travestied. The victorious outcomes of the World Anti-Fascist War should be earnestly respected and upheld. The restoration of Taiwan to China is a victorious outcome of World War II and an integral part of the postwar international order. A series of instruments with legal effect under international law, including the Cairo Declaration and the Potsdam Proclamation, have all affirmed China’s sovereignty over Taiwan, and the historical and legal fact therein brooks no challenge. China appreciates the firm commitment of African countries to the one-China principle and their strong support for China’s efforts to safeguard sovereignty, security and territorial integrity. China has also spoken up for our African brothers at the UN and other multilateral settings. China firmly supports the African people in independently resolving African problems, and opposes external interference in the internal affairs of African countries. China appreciates the efforts of the African Union to tackle the destructive legacy of colonialism and the slave trade.

In light of current global challenges, China and Africa should join hands and shoulder their shared responsibilities. Eight decades has elapsed since the end of WWⅡ, and global changes of a like not seen in a century are accelerating. Yet unilateralism, hegemony and power politics have resurfaced. Human society once again finds itself at the crossroads between unity and division, dialogue and confrontation as well as win-win cooperation and zero-sum game. Global challenges of insecurity, imbalanced development and ineffective governance are increasingly prominent. Hot-spot conflicts, major-country confrontation and geopolitical tensions keep emerging. The future of this planet is becoming a cause for growing concern. 

In June this year, at the Ministerial Meeting of Coordinators on the Implementation of the Follow-up Actions of the FOCAC, Chinese Foreign Minister Wang Yi stressed that, the more complex and turbulent the international landscape becomes, the more imperative it is for China and Africa to strengthen unity and self-reliance, stand firmly on the right side of history, proactively steer the course of the times, and address the uncertainty in the world with the stability and resilience of China-Africa relations. China and Africa jointly issued China-Africa Changsha Declaration on Upholding Solidarity and Cooperation of the Global South. China and Africa call on all countries, especially countries in the Global South, to work together to build a community with a shared future for mankind, promote high-quality Belt and Road cooperation, and implement the Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative. China and Africa also call on the international community to uphold the principle of extensive consultation, joint contribution and shared benefits, and adhere to true multilateralism. China and Africa have stood side by side, understood and supported each other amid global turbulence and changes. With the certainty of China-Africa relations, we have stabilized an uncertain world and set a benchmark for sincere friendship and equal treatment among Global South countries. 

As we look to the future, China and Africa will further deepen their cooperation and jointly chart the course forward. The year 2025 serves not only as a time to commemorate the past, but also as a fresh starting point for constructing the China-Africa community of a shared future. Since entering the new era, President Xi Jinping has visited Africa five times and put forward the principle of sincerity, real results, amity and good faith for China’s Africa policy, and the principle of pursuing the greater good and shared interests, as well as the spirit of China-Africa friendship and cooperation, thereby elevating China’s bilateral relations with all African countries to the level of strategic relations. The overall positioning of China-Africa relations has also been upgraded to an all-weather China-Africa community with a shared future for the new era, and China’s relations with Africa are now at their best in history.

The continuous deepening of China-Africa cooperation is injecting more and fresh impetus to the global development, contributing more positive energy to world stability, and bringing more renewed hope to people across the globe. China has remained Africa’s largest trading partner for 16 consecutive years and has taken the lead in granting 53 African countries having diplomatic relations with China zero-tariff treatment for 100 percent tariff lines. China will accelerate the implementation of the ten partnership actions, promote high-quality Belt and Road cooperation, and advance the Initiative on Supporting Africa’s Industrialization, the Plan for Supporting Africa’s Agricultural Modernization, and the Plan for China-Africa Cooperation on Talent Development, so as to promote high-quality development of China-Africa cooperation. These efforts have served as vital pathways for China and Africa to jointly pursue modernization and to build an all-weather China-Africa community with a shared future in the new era. Under the strategic guidance of the heads of state of both China and African countries, bilateral communication and cooperation have continued to deepen across all sectors, yielding tangible and fruitful results in a wide range of areas.

Drawing lessons from the past to guide the future, we must move forward with determination. A few days ago, Chinese President Xi Jinping proposed the Global Governance Initiative (GGI) at Shanghai Cooperation Organization Plus Meeting. GGI aims to reform and improve global governance, emphasizing sovereign equality, international rule of law, multilateralism, people-centered approach, and real results. Humanity has become a closely intertwined community with a shared future. Enhancing global governance is the right choice for the international community to share in development opportunities and address global challenges. China will strengthen joint efforts with all parties including Africa to explore ways to reform and improve global governance and open up a bright future of peace, security, prosperity, and progress. 

Ambassador JIANG Feng is Head of Mission of China to the AU and Representative of China to the UNECA

Karavan Press bags CANEX Book Factory Prize for Publishing in Africa 2025

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Karavan Press, an independent publisher based in Cape Town, South Africa is the winner of the 2025 edition of the CANEX Book Factory Prize for Publishing in Africa that celebrates and recognises outstanding contributions of African publishers and authors to the literary world.
Karavan Press was recognised for its book In Silence My Heart Speaks by Thobeka Yose, winning the $20,000 top prize. The Prize was presented by Algeria’s Minister of Culture and Arts Azzedine Mihoubi during an award ceremony held during the ongoing Intra-African Trade Fair 2025 (IATF2025) in Algiers. Finalists received $2,000 each.
The Prize is a joint initiative of the Creative Africa Nexus (CANEX), an intervention by African Export–Import Bank (Afreximbank) in partnership with Narrative Landscape Press Limited. It aims to showcase the literary and publishing value chain in Africa and developing literary talent across the continent and the Diaspora.
“Through the CANEX Book Factory Prize for Publishing in Africa, we continue to strengthen Africa’s creative economy by elevating publishers and amplifying African narratives to global audiences. Besides the Prize, we deliver a Pan-African writing workshop, and e-newsletter highlighting African literature, to spotlight and elevate the African book value chain,” said Afreximbank’s Director for Intra African Trade and Export Development (Creatives and Diaspora), Temwa Gondwe.
Now in its second year, the Prize attracted over 80 submissions from across the continent, reflecting the diversity and vitality of African storytelling. Publishers submitted trade books published for a general audience and widely available through libraries and bookstores. The entries spanned fiction, non-fiction, and poetry, in hardcover and paperback, with an emphasis on works printed and published on the continent and written in indigenous languages. Entries could be in one or more of the official languages of the African Union: Arabic, English, French, Portuguese, Spanish, Swahili, and any other African language. Submissions were judged on the quality of writing, editing and production.
The jury comprised Dr. Boukenna Abdelaziz, Professor of History at Algiers University; Lavaille Lavette, President of JVL Media; and Prof. Egara Kabaji, Professor of Literary Communication at Masinde Muliro University of Science and Technology. The jury lauded the outstanding quality of writing, editing, and production.
The Prize is one of the activities under the CANEX Book Factory, an annual programme of events under Afreximbank’s CANEX initiative culminating in the awards ceremony. Last year, Cassava Republic Press (Nigeria) won the top prize during the inaugural edition of the CANEX Book Factory Prize for Publishing in Africa for the book Female Fear Factory: Unveiling Patriarchy’s Culture of Violence by Pumla Dineo Gqola.
CANEX at IATF is billed as the largest gathering of creatives from Africa and the Diaspora across value chains of diverse creative and cultural industries from film, music, and fashion to culinary arts, sports, and visual arts amongst others. The weeklong summit has convened continental and global players to showcase and exhibit their goods and services, and to explore business and investment opportunities within the rapidly expanding creative economy. It is being held as part of IATF2025, hosted by the People’s Democratic Republic of Algeria and co-convened by Afreximbank, the African Union Commission and the African Continental Free Trade Area (AfCFTA) Secretariat. The weeklong event is projected to facilitate trade and investment deals worth over US$44 billion.
IATF is a platform for businesses to showcase their goods and services to visitors and buyers while exploring opportunities and exchanging information. IATF aims to tap into opportunities from AfCFTA’s single market of over 1.4 billion people and GDP of over US$3.5 trillion.