Shareholders of African Export-Import Bank, Afreximbank, have voted and reelected an Anambra born, Professor Benedict Oramah as President of the Pan-African multilateral financial institution for a second five year term.
The decision was announced on 14th June 2020, in Cairo, following Afreximbank’s 27th Annual General Meeting of Shareholders which was held by circulation of resolutions due to the COVID-19 pandemic situation.
Professor Oramah who assume the position of President and Chairman Board Of Directors Afreximbank on the 21st September, 2015, is an Indigene of Nnokwa in Idemili South council area of Anambra state.
In an acceptance statement released shortly thereafter, President Oramah told Shareholders that the Bank’s ultimate goal under his second term of office is the realization of Africa’s strategic ambition to create an integrated market.
He added that AfCFTA would drive the industrialization of Africa, support the emergence of regional value chains, turn Africa’s creative and cultural assets into engines of growth, grow jobs for the continent’s youth, convey respect to Africans wherever they may be and better prepare the continent to compete more effectively in the global markets.
Professor Oramah reaffirmed commitment that with the support of the relevant stakeholders, the Bank will remain well capitalized throughout his term of office and beyond, assuring of continuous efforts to diversify sources of equity to include the markets while ensuring that the Bank’s development focus remains unchanged.
The African Export-Import Bank, Afreximbank, is a Pan-African multilateral financial institution with the mandate of financing and promoting intra-and extra-African trade.
Afreximbank was established in October 1993 and is owned by African governments, the African Development Bank and other African multilateral financial institutions as well as African and non-African public and private investors .
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