The African Export-Import Bank (Afreximbank) is taking on new challenges. It will launch a $6.5 billion general capital increase (GCI) operation to finance some of its strategic activities.

The capitalization operation was approved by the finance ministers of the African Union countries, the executive council, and the 34th ordinary session of the assembly of heads of state of the organization. The institution based in Cairo (Egypt) thus plans to support the purchase of vaccines against Covid-19 for the continent, support post-pandemic recovery efforts for the economies of African countries, and stimulate the implementation of the African Continental Free Trade Agreement (AfCFTA), among others. ‎ According to a statement from the bank on October 28, 2021, African member states are expected to contribute up to $1.5 billion in paid-in capital ($3.9 billion in enforceable capital) as part of their total contribution. The bank's other shareholders will be able to contribute up to $1.1 billion to enable them to participate in proportion to their stake in Afreximbank.