The investiture and swearing-in ceremony of Dr. George Elombi as the 4th President of the African Export-Import Bank (Afreximbank) is scheduled to hold on Friday October 24 – 25. This ceremony is a major strategic platform to honor the legacy of Professor Benedict Oramah and lay the foundations for a new era of pan-African leadership with Dr. George Elombi. The event marks a historic transition for the institution, with a review of the previous decade and an ambitious vision to accelerate intra-African trade and Africa’s prosperity.
Friday October 24th: Series of thematic conferences on “A decade to build the pillars of future prosperity,” devoted to the achievements and legacy of outgoing President Benedict Oramah
Saturday October 25th: The official investiture and swearing-in ceremony of Dr. George Elombi, who will present his vision for Afreximbank to a prestigious audience of heads of state, ministers, business leaders, institutional partners, representatives from the Caribbean, and shareholders. A press conference will conclude the ceremony.
The stakes of this event are securing funding for intra-African trade, strengthening economic integration through the AfCFTA, stimulating international partnerships, and promoting inclusive growth based on innovation, sustainable industry, and entrepreneurship among young people and women.
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AFRICA24 (channel 249) et AFRICA24 English (channel 254) on Canal+ Afrique
About Dr. George Elombi: Dr. George Elombi is a pan-African lawyer and banker with a master’s degree and doctorate in law (international commercial arbitration) from the University of London. A former lecturer at the University of Hull in the United Kingdom, he joined Afreximbank in 1996 as a lawyer. He held several senior positions, including Executive Vice President in charge of Governance, Legal and Corporate Services, before being elected as the 4th President of the Afreximbank Group. With nearly 30 years of experience, he embodies a pan-African vision focused on intra-African trade, regional integration, and African prosperity.
About d’Afreximbank: The African Export-Import Bank (Afreximbank) is a pan-African multilateral financial institution dedicated to financing and promoting intra- and extra-African trade. For 30 years, Afreximbank has been deploying innovative structures to provide financing solutions that facilitate the transformation of Africa’s trade structure and accelerate industrialization and intra-regional trade, thereby supporting economic expansion in Africa. A strong advocate of the African Continental Free Trade Area (AfCFTA) Agreement, Afreximbank launched the Pan-African Payment and Settlement System (PAPSS), which was adopted by the African Union (AU) as the payment and settlement platform to support the implementation of the AfCFTA.
In collaboration with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to help countries participate effectively in the AfCFTA. At the end of December 2024, the Bank’s total assets and guarantees amounted to approximately US$40.1 billion, and its shareholders’ funds stood at US$7.2 billion. Afreximbank is rated A by GCR International Scale, Baa2 by Moody’s, AAA by China Chengxin International Credit Rating Co., Ltd (CCXI), A- by Japan Credit Rating Agency (JCR), and BBB by Fitch. Over the years, Afreximbank has grown into a group comprising the Bank, its impact financing subsidiary called the African Export Development Fund (AEDF), and its insurance management subsidiary, AfrexInsure (the three entities form “the Group”). The Bank is headquartered in Cairo, Egypt.
