Afreximbank New President Elombi's Vision: Industrialisation, Trade, and Digital Expansion
Dr George Elombi, a Cameroonian economist and long-serving executive of Afreximbank, has been sworn in as the fourth President and Chairman of the Board of Directors of the Egypt-based institution.
The investiture ceremony, held in Cairo, marked the official handover of leadership from outgoing Nigerian president Professor Benedict Oramah, who served since 2015.
Elombi pledged a transformative vision centred on trade industrialisation, value addition, and intra-African integration.
Speaking at the investiture ceremony, Dr Elombi revealed that over the past decade, Afreximbank’s total assets and guarantees have grown eightfold to $43.5 billion, making it one of the continent’s most powerful financial institutions.
He said revenues rose sevenfold to $3 billion.
Author's summary: Afreximbank's new president outlines vision for industrialisation and trade expansion.
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