Benedict Oramah has been voted and re-appointed for a second 5-year term as President of the Afreximbank for a second 5-year term.

The decision was announced after the Afreximbank’s 27th Annual General Meeting of Shareholders in Cairo which was held by circulation of resolutions due to the COVID-19 pandemic situation.

President Oramah issued an acceptance statement shortly after assuring Shareholders that the Bank’s ultimate goal under his second term of office is the realisation of Africa’s strategic ambition to create an integrated market.

Oramah who emphasized the African Continental Free Trade Agreement (AfCFTA) said he hoped to utilise its potential to drive the industrialisation 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.

Finally, the President committed to ensuring that the Bank remains well capitalised throughout his term of office and beyond. He stated that they will continue efforts to diversify sources of equity to include the markets while ensuring that the Bank’s development focus remains unchanged. He also declared his plans to double intra-African trade financing so that by the end of his term, it will constitute no less than 40% of the Bank’s total assets, with aggregate disbursements, on a revolving basis, over the 5 years exceeding US$30 billion.

Push Your Dreams

“Push Your Dreams” is an Electronic Non-Fiction Book of inspiring and powerful educational extracts authored by Olatorera Oniru. “Push Your Dreams” has 365 pages filled with powerful sparks to help you grow fast into an influential master of business and life. Available now on Olatorera.com and on Amazon.com.

About Olatorera Consultancy (OC):

Olatorera Consultancy is a modernistic venture combining deeply-rooted knowledge on Africa’s culture and challenges plus close relationships with topmost leaders to promote development. We provide consultancy, business development and advisory services to notable companies and high net-worth individuals.