Dr. George Elombi
The shareholders of the African Export-Import Bank (Afreximbank) have appointed Dr. George Elombi as the new President and Chairman of the Board of Directors. He succeeds Professor Benedict Oramah, who will step down in September 2025.
Dr. Elombi, a Cameroonian national, has been with Afreximbank since 1996. He has played a pivotal role in shaping the Bank’s structure and response to crises, including the COVID-19 pandemic. His appointment follows a rigorous selection process.
Key Achievements
– Established Afreximbank’s group structure and key subsidiaries
– Led the Bank’s response to COVID-19, mobilizing over $2 billion for vaccine acquisition and deployment
– Supervised equity mobilization, resulting in $3.6 billion in total ordinary equity
Dr. Elombi expressed his commitment to the Bank’s mission, stating, “I see Afreximbank as a force for industrializing Africa and for re-gaining the dignity of Africans wherever they are.” He accepted the challenge to make the institution a $250 billion bank in ten years.
Dr. Elombi holds a Master of Laws (LL.M.) and Ph.D. in commercial arbitration from the London School of Economics. He has over three decades of experience in law, finance, and leadership.
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