Afreximbank Taps Dr. George Elombi as New President and Board Chairman
The African Export-Import Bank (Afreximbank), a cornerstone of pan-African trade finance, is set to enter a new era of leadership. The institution has officially announced the appointment of Dr. George Elombi as its next President and Chairman of the Board of Directors. This significant leadership transition signals a continued commitment to the bank’s mission of fostering economic integration and development across the continent.
Dr. Elombi, a distinguished Cameroonian national, is slated to assume his new dual responsibilities in September 2025. His appointment marks a pivotal moment for the financial institution as he becomes the fourth president since Afreximbank’s inception in 1993, stepping into a role crucial for navigating Africa’s evolving economic landscape.
A Landmark Decision in Abuja
The confirmation of Dr. Elombi’s appointment was a key highlight of the 32nd Afreximbank Annual Meetings, a major event for Africa’s financial and business leaders held in Abuja, Nigeria. The formal decision was ratified by the bank’s shareholders during their Annual General Meeting on Saturday, June 28, 2025. This transparent and structured process underscores the institution’s robust governance framework as it prepares for its next phase of strategic growth.
This appointment follows a comprehensive selection process, positioning Dr. Elombi to steer the bank’s extensive portfolio and strategic initiatives. His leadership will be instrumental in deploying capital to drive trade, support infrastructure, and unlock economic potential throughout Africa.
Building on a Legacy of Growth
Dr. Elombi will succeed Professor Benedict Oramah, who has commendably led Afreximbank since 2015. Under Professor Oramah’s tenure, the bank significantly expanded its influence and was instrumental in operationalizing the African Continental Free Trade Area (AfCFTA). The new leadership is expected to build on this powerful legacy, with a keen focus on deepening intra-African trade and investment.
A critical area of focus will be the continued support for Africa’s dynamic technology sector. Afreximbank has increasingly become a vital source of financing for digital infrastructure, fintech innovation, and tech-driven startups. Dr. Elombi’s presidency is anticipated to accelerate this engagement, recognizing that a thriving digital economy is fundamental to modernizing trade and ensuring Africa’s global competitiveness.
A Vision for Africa’s Economic Future
In his acceptance speech, Dr. George Elombi expressed a profound commitment to the bank’s foundational vision. He emphasized his dedication to working with stakeholders across the continent to build upon the remarkable achievements of his predecessors and drive transformative impact.
As the new head of the African Export-Import Bank, Dr. Elombi is poised to champion innovative financial solutions that address the continent’s most pressing challenges. His tenure is expected to prioritize strategic sectors, enhance trade finance mechanisms, and leverage partnerships to create a more prosperous and interconnected Africa, fully prepared for the opportunities of the 21st century.
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