Africa-Caribbean Forum Seals US$300m Deals, Pushes Visa Reform

Trade And Export

The fourth AfriCaribbean Trade and Investment Forum (ACTIF2025) closed with over $300 million in signed deals, cementing economic ties between Africa and the Caribbean.

Co-hosted by Afreximbank and Grenada, the summit drew 2,100 delegates from 80 nations, including 11 heads of state, business leaders, and policymakers.

Eight major agreements spanned infrastructure, tourism, and digital transformation. Highlights included a $100 million facility for Bahamas road projects, a $50 million climate-linked education loan for Saint Kitts and Nevis, and a $61.25 million term loan for Barbados’ Hilton development. A strategic MoU with the Caribbean Telecommunications Union aims to accelerate digital connectivity.

Grenada’s Prime Minister Dickon Mitchell called for institutionalizing Africa-Caribbean relations and scrapping visa barriers. “Biometrics allow us to move past that,” he insisted, advocating seamless mobility. Afreximbank’s incoming President George Elombi stressed execution: “Finance is the lifeline of trade.”

The forum adopted a communiqué backing a Free Trade Arrangement, increased air and sea links, and expanded creative industry collaboration. It also honored outgoing Afreximbank President Benedict Oramah with a symbolic tree-planting a Flamboyant native to both regions representing “vitality, peace, and unity.”

With ACTIF2026 confirmed, the gathering solidifies its role as a catalyst for cross-regional value chains.

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