Abuja, Nigeria | THE INDEPENDENT | The shareholders of the African Export-Import Bank (Afreximbank) bear appointed Dr. George Elombi because the next President and Chairman of the Board of Directors of the continental monetary institution. He turns into the fourth President to manual the Bank since its institution in 1993.
His appointment used to be one amongst the main choices of the thirty second Afreximbank crew annual conferences and connected occasions held in Abuja, Nigeria, from 25 to twenty-eight June, with the formal annual usual assembly of shareholders taking area on Saturday, 28 June 2025.
He succeeds Professor Benedict Oramah, who has served as President and Chairman of the Board of Directors since 2015, and who will be stepping down in September 2025.
A Cameroonian nationwide, George Elombi has been with Afreximbank since 1996, joining as a Fair staunch Officer. He rose thru the ranks to turn out to be Executive Vice President, Governance, Fair staunch and Company Products and companies. Over his nearly three decades at the Bank, he has served as Director and Executive Secretary (2010–2015); Deputy Director, Fair staunch Products and companies / Executive Secretary (2008–2010); Chief Fair staunch Officer (2003–2008); and Senior Fair staunch Officer (2001–2003).
Prior to joining Afreximbank, he taught guidelines at the College of Hull, United Kingdom.
Dr. Elombi played a pivotal role in organising Afreximbank crew’s structure, including the formation of key subsidiaries which bear expanded the Bank’s capacity to follow it its mandate. As Chair of the Emergency Response Committee, he led the Bank’s response to the COVID-19 crisis, mobilising over $2 billion for vaccine acquisition and deployment across African and Caribbean countries. Below his supervision of the Equity Mobilisation and Investor Household department, the Bank’s total usual fairness mobilised amounted to USD 3.6 billion as at April 2025.
In his acceptance speech, Dr. Elombi expressed a deep commitment to the Bank’s mission and future, declaring:
“I even bear labored alongside out of the ordinary colleagues and out of the ordinary leaders to support form this institution’s vision, its mandate apart from to its development. As we perceive to the lengthy trot, I gape Afreximbank as a pressure for industrialising Africa and for re-gaining the consideration of Africans wherever they are. I will work to gather this important asset.”
He popular the shareholders’ desire as expressed by his predecessor to fabricate the institution a US$250 billion monetary institution in ten years.
Dr. George Elombi holds a Master of Authorized pointers (LL.M.) from the London College of Economics, College of London, and a Ph.D. in commercial arbitration from the same college. He obtained a ‘Maitrise-en-Droit’ from the College of Yaoundé in 1989.
His appointment adopted a rigorous different job initiated in January 2025, which included a world name for applications printed in world media and on the Afreximbank web obtain. Shortlisted candidates had been interviewed by a world human resource executive search company. The high candidates had been offered to the Board of Directors, which counseled Dr. Elombi to the Well-liked Meeting of Shareholders for final approval.
Below the Afreximbank Charter, a president is appointed by the usual assembly of shareholders upon the advice of the Board of Directors for a duration of time of 5 years, renewable as soon as.
