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Who is the New President of the African Export-Import Bank?
Who is the New President of the African Export-Import Bank?
Sputnik Africa
Who is the New President of the African Export-Import Bank? 29.06.2025, Sputnik Africa
2025-06-29T17:37+0200
2025-06-29T17:37+0200
2025-06-29T18:29+0200
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Who is the New President of the African Export-Import Bank?Afreximbank shareholders appointed Cameroonian George Elombi as the next president of the Pan-African financial institution at an annual meeting in Abuja on Saturday.Key details:🟠A lawyer by training, Elombi becomes the fourth president of Afreximbank since its creation in 1993. The institution plays a strategic role in financing intra-African trade.🟠He joined Afreximbank in 1996 as a legal officer, then he held key roles, and rose to become executive vice president for governance, legal and corporate services.🟠The appointee committed to continue his predecessor’s goal of growing the bank to $250 billion in assets within 10 years.🟠The current bank chief, Benedict Oramah, who has served since 2015, will end his term in September. Under the bank's charter, a president may serve a maximum of two five-year terms. On the sidelines of the Second Russia–Africa Summit, George Elombi sat down with Sputnik Africa to discuss the benefits of conducting intra-African trade in national currencies.Read the full 2023 interview here
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sputnik africa, africa, abuja, russia, afreximbank, west africa, trade, free trade agreement, free trade
Who is the New President of the African Export-Import Bank?
Afreximbank shareholders appointed Cameroonian George Elombi as the next president of the Pan-African financial institution at an annual meeting in Abuja on Saturday.
🟠A lawyer by training, Elombi becomes the fourth president of Afreximbank since its creation in 1993. The institution plays a strategic role in financing intra-African trade.
🟠He joined Afreximbank in 1996 as a legal officer, then he held key roles, and rose to become executive vice president for governance, legal and corporate services.
🟠The appointee committed to continue his predecessor’s goal of growing the bank to $250 billion in assets within 10 years.
🟠The current bank chief, Benedict Oramah, who has served since 2015, will end his term in September. Under the bank's charter, a president may serve a maximum of two five-year terms.
"I see Afreximbank as a force for industrializing Africa and for regaining the dignity of Africans wherever they are. I will work to preserve this important asset," the newly appointed president said in his acceptance speech.
On the sidelines of the Second Russia–Africa Summit, George Elombi sat down with Sputnik Africa to discuss the benefits of conducting intra-African trade in national currencies.
