Afreximbank Launches $10bn Crisis Support for Africa and Caribbean

Afreximbank has officially launched a $10 billion crisis support fund to assist African and Caribbean countries affected by the Gulf crisis. This fund aims to provide urgent financial resources to stabilize economies and support key industries, including major corporations like Dangote Group targeting $100 billion in annual revenue by 2030. The initiative also seeks to transform sectors such as cotton to promote fairer trade and economic resilience in the regions.