Egypt hosted the ceremony celebrating a decade of record growth for the African Export–Import Bank (Afreximbank), as outgoing president Professor Benedict Oramah was honoured for transforming the bank’s assets from $6 billion in 2015 to more than $40 billion in 2025. The event also marked the inauguration of Dr George Elombi, who pledged to build on the bank’s expanding role in driving Africa’s trade and industrial development.
Held in Egypt’s New Administrative Capital under the theme “Decades of Impact as Pillars for a Prosperous Future,” the ceremony gathered African leaders and policymakers to recognise Oramah’s leadership, which positioned Afreximbank as a cornerstone of regional trade finance.
President Abdel-Fattah El-Sisi received both Oramah and Elombi at the Ittihadiya Palace, praising the bank’s contribution to Egypt’s development projects and reaffirming the Central Bank of Egypt’s partnership as Afreximbank’s largest shareholder.
Dr Elombi, the bank’s fourth president since its founding in 1993, hailed his predecessor’s “vision and execution” in doubling operations and advancing initiatives such as the Fund for Export Development in Africa and the African Medical Centre of Excellence. He pledged to strengthen the bank’s support for the African Continental Free Trade Area (AfCFTA) and expand private-sector financing.
With assets now exceeding $40 billion, Afreximbank enters a new chapter under Elombi’s leadership, as Cairo reaffirms its role as both host city and key partner in Africa’s financial integration.
