African Export-Import Bank (Afreximbank) shareholders have appointed Dr George Elombi as the next president and chairman. The appointment marks a pivotal leadership transition as the continent’s premier trade finance bank seeks to become a $250 billion financial powerhouse over the next decade. Dr Elombi, a Cameroonian and long-serving executive within the bank, will officially take over in September 2025, succeeding Professor Benedict Oramah, whose tenure since 2015 saw Afreximbank expand its balance sheet, influence, and mandate. Elombi becomes the fourth president of the bank since its founding in 1993. The announcement, made during the bank’s 32nd Annual General Meeting, comes…
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