African Export-Import Bank said it is ready to double financial support in order to consolidate trade integration among African countries.

In the past five years, the Afreximbank financed $20 billion to support African trade activities and there is a plan to double this amount, Bank  President Prof. Benedict Oramah said.

The bank is funding various African countries with $10 billion as per its responsibility of supporting and promoting the trade interaction between African nations, he added.

In addition, the bank also provides fund, credit, insurance and other banking services to hasten economic development in the continent, the President stated.

Recently, the bank has agreed to inject the National Bank of Ethiopia  one billion US dollars in terms of credit.

The Afreximbank was founded by African governments aimed at providing services to fill Africans' trade and development gaps in which other ordinary banks are unable to do so, according to the President.