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Johannesburg - South Africa's Economic Hub
South Africa Joins Afreximbank • February 4, 2026

R150 Billion Afreximbank Funding for South Africa

$8 Billion Initial Commitment • 54th Member State

South Africa officially became the 54th member state of Afreximbank on February 4, 2026, unlocking a landmark $8 billion country financing programme for energy, industrialisation, and black-owned businesses.


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$8 Billion

Initial Commitment

$3 Billion

For Black-Owned Businesses

$8 Billion
Initial Country Financing

Unlocked Feb 4, 2026

$3 Billion
Transformation Fund

For Black-Owned Businesses

$6 Billion+
Project Pipeline

Under Review Pre-Accession

54th
Member State

Full Continental Coverage

South Africa Joins Afreximbank • February 4, 2026

$8 Billion Partnership for South African Growth

South Africa officially became the 54th member state of the African Export-Import Bank (Afreximbank) on February 4, 2026, formalizing its position as a Class A shareholder. This landmark partnership unlocks a comprehensive $8 billion country financing programme designed to bolster industrial growth, energy security, and regional trade integration.

Priority Sectors & Funding Allocation

Energy Generation & Transmission

Funding directed toward energy security, including solar, wind, gas projects, and transmission infrastructure to address South Africa's energy challenges.

Mineral Processing & Beneficiation

Support for local mineral processing to add value to South Africa's rich mineral resources before export, creating jobs and industrial capacity.

Automotive Manufacturing

Funding for the automotive sector, including electric mobility initiatives—notably the recent $50 million debt financing for Spiro's battery-swapping network expansion.

Industrial Parks & SEZs

Development of industrial parks and Special Economic Zones to drive manufacturing, exports, and regional economic integration.

Transformation Fund

$3 Billion

Earmarked specifically to support Black-owned businesses, SMEs, and entrepreneurs who were historically excluded from the economy. This is a dedicated allocation to drive economic transformation and inclusion.

Strategic Objectives

  • Trade Resilience: New trade finance products to diversify South Africa's export markets amid global trade headwinds and high tariffs.
  • Regional Integration: As the continent's leading intra-African trader, South Africa's membership completes "full continental coverage" and strengthens AfCFTA implementation.
  • Financial Partnerships: Collaboration with IDC, DBSA, PIC, and other local institutions to deploy funding effectively.

Existing Pipeline: Even before formal accession, Afreximbank had a pipeline of South African projects exceeding $6 billion in review across sectors like healthcare, mining, and financial services.

Partner South African Institutions

Afreximbank will collaborate with these key local institutions to deploy funding

IDC

Industrial Development Corporation

DBSA

Development Bank of Southern Africa

PIC

Public Investment Corporation

the dtic

Trade, Industry & Competition

Recent Funding • February 2026

Electric Mobility Investment

Afreximbank secured $50 million in debt financing for Spiro, Africa's largest electric mobility operator, to expand its battery-swapping network across South Africa and the continent.

Funding Amount

$50 Million

Spiro • Electric Mobility

Is Your South African Business Ready?

With $8 billion in new funding and $3 billion specifically for Black-owned businesses and SMEs, now is the time to apply. South African registered entities only.

Apply for Funding Now Visit Afreximbank Official Site

Open to South African registered businesses only • Transformation Fund: $3 Billion for Black-owned enterprises

Based on official announcements following South Africa's accession to Afreximbank on February 4, 2026 as the 54th member state. $8 billion initial country financing programme with $3 billion transformation fund for Black-owned businesses. Pipeline projects exceeding $6 billion under review. In partnership with IDC, DBSA, PIC, and the dtic.

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