Oramah, new Afreximbank president for inauguration Monday


By Moses Akaigwe

Benedict Oramah, the Nigerian banker who was in June named President of African Export-Import Bank (Afreximbank) by the shareholders of the continental financial institution will, on Monday, September 21, assume duties at its headquarters in Cairo, Egypt.

Oramah’s investiture, which will be attended by high-ranking African government officials, heads of international organisations, members of the diplomatic community and leaders of international financial institutions, will be preceded by the inauguration of Afreximbank’s headquarters building on Sunday.

Daily Sun learnt that his investiture will be performed by Alexander Chikwanda, Minister of Finance of Zambia and Chairman of the general meeting of shareholders of the bank.

The ceremony will be witnessed by high level representatives from Nigeria and Cote d’Ivoire, who will be joined by key ministers from Egypt and other African countries, as well as by a host of other dignitaries from within and outside Africa.

Also expected to attend the inauguration and investiture are central bank governors, political leaders, business leaders, trade experts and academics.

Oramah is taking over the running of Afreximbank from Jean-Louis Ekra, who will be stepping down after completing two five-year terms as President, having assumed duties first in 2005.

Currently the bank’s Executive Vice President in charge of Corporate Banking and Business Development, Oramah was appointed Afreximbank’s new President at the 22nd annual meeting of shareholders of the bank in Lusaka, Zambia on June13.

Source : SunOnline

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