(Bloomberg) -- African Export-Import Bank will issue more than $30 billion of loans in the next five years, according to a former president.

The Cairo-based lender, known as Afrexim, will give out the funding to boost intra-African trade, Christopher Edordu said in a speech in Abuja, Nigeria’s capital, during the bank’s annual meetings.

--With assistance from Paul Wallace.

To contact the reporter on this story: Solape Renner in Abuja at srenner4@bloomberg.net

To contact the editor responsible for this story: Sophie Mongalvy at smongalvy@bloomberg.net

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