Spread the word
African Export-Import Bank (Afreximbank) in partnership with the Cross River State Government, Nigeria Governors Forum (NGF) and the Forum of State Investment Promotion Agencies in Nigeria (FoSIPAN) will convene the sixth African Sub-Sovereign Governments Network (AfSNET) Investment Conference in Calabar, Cross River State, from 12 to 14 November 2026, bringing together African sub-sovereign governments, investors, financial institutions and development partners to advance investment-ready projects, partnerships and intra-African trade opportunities.
The conference will take place at the Calabar International Convention Centre under the theme “The role of Sub-Sovereigns in catalysing development through trade and investment”.
Established by Afreximbank in 2021, AfSNET provides a structured platform for African states, provinces, counties, municipalities and other sub-sovereign authorities to showcase investment opportunities, engage investors and financiers, strengthen project development capabilities and contribute more directly to intra-African trade, industrialisation and implementation of the African Continental Free Trade Area (AfCFTA). It’s a platform for taking the AfCFTA and Afreximbank products to the grassroots.
These investment opportunities include the $40 million Med Aditus Pharmaceuticals project in Kisumu, Kenya, which is under preparation and envisages a manufacturing plant with capacity to produce at least two billion tablets and capsules annually for the treatment of non-communicable diseases.
In Nigeria, the Cross River State Government has appointed Afreximbank as financial adviser for the development of the $1.7 billion Bakassi Deep Seaport project, which has the potential to strengthen maritime trade connectivity and support industrial and logistics development.
At the sixth edition in Calabar, the focus will increasingly be on converting investment potential into bankable projects and transactions.
Speaking on the conference, Governor of Cross River State, Senator Bassey Otu, commented: “Hosting the sixth AfSNET Investment Conference provides Cross River State with an important opportunity to engage African and international investors, demonstrate the breadth of investment opportunities within the State and build partnerships that can support sustainable economic development.”
Highlighting the critical role sub-sovereign governments play in their respective countries, Executive Vice President Intra-African Trade and Export Development, Afreximbank , Mrs Kanayo Awani, stated: “Sub-sovereign governments are central to Africa’s economic transformation because they are where much of the continent’s production, infrastructure development and investment ultimately take place.”
Spread the word