The African Export-Import Bank (Afreximbank) announced that Libya has fully acquired its shares in the institution after completing the payment on May 13, marking a key step in the country’s efforts to strengthen its economy and enhance continental trade integration.

According to a statement published on the bank’s official website, Libya joined the Afreximbank Establishment Agreement in October 2024, becoming the 52nd African nation to do so. The move was described as a milestone in the bank’s pursuit of full continental coverage and in advancing its agenda for intra-African trade and investment.

Afreximbank hailed Libya’s membership and capital contribution as a strategic development that will support the country’s post-conflict reconstruction and economic revival, particularly in the areas of export development, project financing, and regional trade facilitation.

The announcement comes amid Libya’s broader push to regain economic stability and reestablish its presence within Africa’s financial and commercial frameworks following years of political turmoil.