The African Export-Import Bank (Afreximbank) has launched the African Research and Innovation Hub (ARIH), a groundbreaking initiative designed to unlock up to US$70 billion annually in economic gains by accelerating innovation-led, sustainable growth across the continent.
Driving Africa’s Technological Sovereignty
African Research and Innovation Hub aims to catalyse technological sovereignty, intra-African trade and structural transformation by fostering scientific research, innovation, and the commercialization of homegrown technologies.
The hub will bridge the gap between academia, industry, and policymakers, ensuring scalable innovations drive Africa’s trade diversification and industrial competitiveness.
Tackling Africa’s R&D Gap
Africa currently invests far less in research and development (R&D) compared to global standards, contributing less than 3% of global research output.
ARIH seeks to double Africa’s R&D expenditure to at least 1% of GDP, unlocking substantial economic benefits.
By focusing on innovation commercialisation and building partnerships, ARIH will provide the platform needed to transform Africa’s intellectual capital into industrial and trade-led growth.
Afreximbank’s Vision for the African Research and Innovation Hub
Speaking at the Intra-African Trade Fair (IATF2025), Dr. Yemi Kale, Afreximbank’s Group Chief Economist and Managing Director for Research, described the launch as “a pivotal moment for Africa’s scientific and technological ecosystem.”
He emphasised Afreximbank’s commitment to converting Africa’s homegrown talent into sustainable development, trade expansion and industrial competitiveness.
The launch also celebrated innovation through awards presented to 12 pioneering research and innovation projects selected from over 200 applications across Africa and the Caribbean.
Winners received certificates and cash prizes from Mrs. Kanayo Awani, Afreximbank’s Executive Vice President for Intra-African Trade and Export Development.
Building a Collaborative Ecosystem
Dr. Anthony Coleman, Afreximbank’s Director for Development Research, urged awardees to broaden their innovative horizons and use African Research and Innovation Hub as a springboard for collaboration among scientists, entrepreneurs, and policymakers to address Africa’s technology gaps.
Strong Regional Participation
The launch attracted senior officials from Algeria, Lesotho, and the Central African Republic, highlighting ARIH’s continental significance.
According to APO Group, IATF2025 drew more than 112,000 visitors from 132 countries, with US$48.3 billion worth of trade and investment deals signed during the seven-day expo featuring 2,148 exhibitors.
With ARIH now operational, Afreximbank is positioning Africa to harness its own innovation ecosystem, drive intra-African trade, and achieve inclusive, sustainable growth.
