The African Development Bank has reinforced its dedication to regional integration at the Ministerial Roundtable in Casablanca, where it discussed the potential of the African Continental Free Trade Area (AfCFTA) in creating a united market that could boost intra-African trade by 52 percent by 2035. The Ministerial Roundtable, organized by the African Leadership Organization, brought together African ministers, private sector leaders, and financial partners to explore opportunities within the AfCFTA framework and develop concrete mechanisms for policy alignment, infrastructure, development, and trade enhancement.
"Africa's economic transformation hinges on our capacity to integrate”, stated Dr. Joy Kategekwa, Africa Development Bank Director of Regional Integration, during a high-level roundtable. “The AfCFTA presents a significant opportunity to establish a unified market, unleash business potential, drive industrialization, and generate employment."
"Integration is not just about moving goods; it is about ensuring the free flow of people, ideas, and opportunities,” Dr. Kategekwa emphasized. "The African Development Bank is committed to fostering this progress through strategic support and investments."
The AfCFTA represents a market of 1.5 billion consumers and a combined GDP of $3.4 trillion. To capitalize on this potential, the Bank has made substantial investments in strategic infrastructure, including transport corridors, ports, airports, and railways, while also providing trade facilitation instruments such as credit lines for trade development. According to Dr. Kategekwa, there are two key priorities for advancing regional integration: harmonizing trade standards to facilitate cross-border exchange and investing in digital infrastructure to enhance SME access to continental opportunities.
At the Ministerial Roundtable, the Bank also promoted an ambitious co-industrialization strategy to strengthen Africa’s sovereignty and competitiveness. "Strengthening our industrial synergies is essential for Africa's emergence,” Kategekwa noted. “We are working to position each of our countries' comparative advantages within the continent's value chains." The roundtable concluded with participants committing to fast-track the effective implementation of the AfCFTA through coordinated efforts to create a more integrated, dynamic, and innovative Africa.
A new landmark deal
Just days after the Ministerial Roundtable, the African Development Bank Group and Standard Bank Group, a leading financial services provider that supports Africa's growth and development, signed a landmark financial agreement to boost funding for small, medium, and micro enterprises (SMMEs), as well as expand trade across Africa. The agreement includes a $200 million Risk Participation Agreement (RPA) for the Standard Bank of South Africa (SBSA), strengthening its lending capacity and improving access to finance for SMMEs. It is aimed at driving economic growth and job creation in South Africa. Additionally, the agreement features a social bond aimed at supporting up to 4,000 businesses, generating employment, and enhancing economic resilience.
The RPA plays an important role in advancing trade finance across Africa, particularly in Low-Income Countries and Transition States. By sharing risk, it enables local banks to increase lending, bridge the trade finance gap, and foster greater intra-African trade.
The initiative aligns with the African Development Bank’s Ten-Year Strategy (2024–2033), which prioritises industrialisation, regional integration, and improving the quality of life in Africa. “We are proud of this transaction, demonstrating our shared commitment to sustainable financing. By supporting businesses, we create long-term economic opportunities and financial resilience,” stated Ahmed Attout, Director of the Financial Sector Development Department at the African Development Bank.
DMX closely follows major funding initiatives across the EMEA region. Keep an eye on our website and LinkedIn page for the latest news.
