{"id":482213,"date":"2025-06-28T14:07:23","date_gmt":"2025-06-28T14:07:23","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/2025\/06\/28\/afreximbank-appoints-cameroonian-dr-george-elombi-as-president\/"},"modified":"2025-06-28T14:07:29","modified_gmt":"2025-06-28T14:07:29","slug":"afreximbank-appoints-cameroonian-dr-george-elombi-as-president","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2025\/06\/28\/afreximbank-appoints-cameroonian-dr-george-elombi-as-president\/","title":{"rendered":"Afreximbank appoints Cameroonian Dr. George Elombi as President"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Abuja, Nigeria, June 28, 2025 &#8211; Following its 32nd Annual General Meetings held from June 25 to 28, 2025 in Abuja, the shareholders of the African Export-Import Bank (Afreximbank) have appointed Dr. George Elombi as the new President and Chairman of the Board. He becomes the fourth leader to head the pan-African bank since its establishment in 1993. His term is set to begin in September 2025, succeeding Professor Benedict Oramah, who has been in office since 2015.<\/p>\n<p>A Cameroonian national, Dr. Elombi has been with Afreximbank since 1996. Initially recruited as a lawyer, he has steadily climbed the ranks to become the Executive Vice President in charge of governance, legal affairs, and institutional services. He has played a key role in structuring the Afreximbank group, overseeing the establishment of its subsidiaries, and leading the emergency response committee during the COVID-19 crisis, mobilizing over $2 billion for the acquisition and distribution of vaccines in Africa and the Caribbean.<\/p>\n<p>Responsible for capital mobilization as well, he has led efforts to raise $3.6 billion in ordinary equity capital as of April 2025.<\/p>\n<p>&#8220;I have had the honor of contributing to building this institution and evolving its mission. I am committed to ensuring that Afreximbank remains a catalyst for industrialization and dignity for the continent,&#8221; stated the new President in his address, expressing his determination to continue the goal set by his predecessor: to make Afreximbank a $250 billion institution within the next ten years.<\/p>\n<p>With a Ph.D. in commercial arbitration and a Master of Laws (LL.M.) from the London School of Economics, Dr. Elombi is also a law graduate from the University of Yaound\u00e9. Before joining Afreximbank, he taught law at the University of Hull in the United Kingdom.<\/p>\n<p>His appointment comes after a rigorous selection process launched in January 2025, which included an international call for applications, screening of profiles by a reputable recruitment firm, and final selection by the Board of Directors, endorsed by shareholders on June 28.<\/p>\n<p>In accordance with Afreximbank&#8217;s charter, the President is appointed for a five-year term, renewable once.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Abuja, Nigeria, June 28, 2025 &#8211; Following its 32nd Annual General Meetings held from June 25 to 28, 2025 in Abuja, the shareholders of the African Export-Import Bank (Afreximbank) have appointed Dr. George Elombi as the new President and Chairman of the Board. He becomes the fourth leader to head the pan-African bank since its<\/p>\n","protected":false},"author":537202,"featured_media":482214,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"https:\/\/www.financialafrik.com\/2025\/06\/28\/afreximbank-nomme-le-dr-george-elombi-a-la-presidence\/","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12591,12067],"tags":[],"class_list":{"0":"post-482213","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-feature","8":"category-managers-en","9":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Afreximbank appoints Cameroonian Dr. George Elombi as President - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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