Afreximbank Deepens Jamaica Ties to Expand Trade and Investment

The African Export-Import Bank (Afreximbank) is strengthening its partnership with Jamaica as part of a broader push to expand trade, investment, and industrial development between Africa and the Caribbean.

The initiative builds on Jamaica’s July 2025 partnership agreement with Afreximbank and follows approval of a US$5 billion financing facility for Caribbean economies, including Jamaica. The funds are expected to support industrial growth, trade expansion, and new investment flows aimed at deepening economic integration across the Atlantic.

Afreximbank is prioritizing industrialization as a cornerstone of Jamaica’s long-term growth strategy, drawing on its experience financing industrial parks, special economic zones, and manufacturing capacity across Africa.

Jamaica’s Finance Minister Fayval Williams welcomed the deepening cooperation, highlighting Afreximbank’s role in mobilizing trade finance and encouraging stronger institutional engagement to unlock two-way investment and commerce.

The bank argues that expanding local production is essential to boosting competitiveness, reducing import dependence, and increasing export value. It sees Jamaica as well positioned to leverage industrial development to create jobs and strengthen economic resilience.

The partnership reflects a wider effort under Afreximbank’s “Global Africa” agenda to position the Caribbean as a strategic partner in Africa–Caribbean trade and investment flows.