Afreximbank has launched the African Trade and Distribution Company (ATDC) as part of its push to expand trade across the continent. The announcement comes just two months after the bank introduced the PAPSS card for cross-border payments.
The new entity will drive large-scale trade in raw materials, minerals and value-added products from across Africa. Afreximbank has already pledged $1 billion in funding to support ATDC. The company has also signed deals with Arise Integrated Industrial Platforms ARISE IIP, BSMART Technology Limited, KK Kingdom Nigeria Limited and others.
According to Abdul Aziz Ba, CEO of ATDC, the goal is to change the way Africa trades. He explained that ATDC will invest in production and processing capacity while building stronger connections across regional value chains. The company will also focus on delivering effective distribution channels that can bring the goods closer to markets.
The launch took place during the ongoing Intra Africa Trade Fair 2025 in Algiers, Algeria. The fair runs until September 10 and was attended by the Acting Prime Minister of Algeria, Sifi Ghrieb, along with several African and Caribbean ministers and government leaders.
A key highlight of the event was the unveiling of ATDC Minerals ATMIN, a flagship subsidiary dedicated to trading and financing minerals and hydrocarbons. ATMIN announced that it has already secured deals worth around $3 billion. These include oil lifting agreements with the Nigeria National Petroleum Company Limited(NNPCL) and Roxzen Nigeria Limited.
Click to signup
