₦airaland Forum

Cairo, 14 June 2020: – Shareholders of African Export-Import Bank (Afreximbank) have voted and re-appointed Prof. Benedict Oramah as President of the Pan-African multilateral financial institution for a second 5-year term.

The decision was announced today in Cairo following Afreximbank’s 27th Annual General Meeting of Shareholders which was held by circulation of resolutions due to the COVID-19 pandemic situation.

In an acceptance statement released shortly thereafter, President Oramah told Shareholders that the Bank’s ultimate goal under his second term of office is the realisation of Africa’s strategic ambition to create an integrated market.

“We want an Africa where the foundations of the African Continental Free Trade Agreement (AfCFTA) are laid expeditiously so that the 84,000 kilometres of borders that have divided us for ages can begin to come down,” said prof. Oramah who added that AfCFTA would “drive the industrialisation of Africa, support the emergence of regional value chains, turn Africa’s creative and cultural assets into engines of growth, grow jobs for the continent’s youth, convey respect to Africans wherever they may be and better prepare the continent to compete more effectively in the global markets.”

Prof. Oramah highlighted that between 2015 and 2019, Afreximbank disbursed more than US$30 billion in support of African trade with over US$15 billion channeled towards the financing and promotion of intra-African trade.

“We will aim to double intra-African trade financing so that by the end of my term, it will constitute no less than 40% of the Bank’s total assets, with aggregate disbursements, on a revolving basis, over the 5 years exceeding US$30 billion,” he announced.

In office since 2015, Prof. Oramah’s re-appointment was one of the key decisions taken by shareholders during the Bank’s 2020 General Meeting.

A resolution proposing the re-election of Mr. Stefan-Luis Francois Nalletamby as a director representing Class “A” Shareholders and Mr. Kee Chong Li Kwong Wing as a director representing Class “B” Sharefolders was also approved by the meeting.

In addition, the 2019 audited accounts were approved, as well as the proposal to raise an additional US$500 million in equity within Afreximbank’s current Strategic Plan dubbed “IMPACT 2021-Africa transformed”. The approval to raise additional equity was in recognition that an amount of US$1 billion earlier authorized to be mobilized had almost been fully raised.

“I make a commitment that with your support, the Bank will remain well capitalised throughout my term of office and beyond. We will continue our efforts to diversify sources of equity to include the markets while ensuring that the Bank’s development focus remains unchanged,” President Oramah assured the Bank’s Shareholders.


https://www.afreximbank.com/prof-benedict-oramah-re-appointed-as-afreximbank-president/

Anambra Born, Prof. Benedict Oramah, Re-appointed As Afreximbank President.

By Valentine Mbadugha (ABS News)

Shareholders of African Export-Import Bank (Afreximbank) have voted and re-appointed Prof. Benedict Oramah as President of the Pan-African multilateral financial institution for a second 5-year term.

The decision was announced on 14th June 2020, in Cairo, Egypt following Afreximbank’s 27th Annual General Meeting of Shareholders which was held by circulation of resolutions due to the COVID-19 pandemic situation.

In an acceptance statement released shortly thereafter, President Oramah told Shareholders that the Bank’s ultimate goal under his second term of office is the realisation of Africa’s strategic ambition to create an integrated market.

“We want an Africa where the foundations of the African Continental Free Trade Agreement (AfCFTA) are laid expeditiously so that the 84,000 kilometres of borders that have divided us for ages can begin to come down,” prof. Oramah said.

He added that AfCFTA would “drive the industrialisation of Africa, support the emergence of regional value chains, turn Africa’s creative and cultural assets into engines of growth, grow jobs for the continent’s youth, convey respect to Africans wherever they may be and better prepare the continent to compete more effectively in the global markets.

Prof. Oramah who assumed office as the President and Chairman Board Of Directors of the Afreximbank on the 21st September, 2015 is an Indigene Nnokwa in Idemili South council area of Anambra state.

The African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution with the mandate of financing and promoting intra-and extra-African trade. Afreximbank was established in October 1993 and is owned by African governments, the African Development Bank and other African multilateral financial institutions as well as African and non-African public and private investors

https://www.afreximbank.com/prof-benedict-oramah-re-appointed-as-afreximbank-president/

nijabazaar:
I know. But the tendency to aggregate them all as a part of Awka miffs alot of the indigenes of those aforementioned towns. Amawbia for instance, keeps getting referenced as Awka while it isn't. It's like calling ibeju Lekki as Lekki

Stop confusing yourself. Awka capital territory is the name that covers even the original Awka, Amawbia, Nibo, Nise etc. Awka city capital territory is not the same as Awka town you used to know before state creation. At the creation of the state, 5 LGAs were mapped out as the Awka capital territory area.

Alkason:
Do they have MBA in UNIZIK now?

Long ago

Tree lined roads of UNIZIK AWKA

UNIZIK is on a class of its own

Anambra big guys like Arthur Eze are part of the success story of the great UNIZIK

UNIZIK bus stands

Great UNIZIK

Four fire hydrant taps in UNIZIK for connection points by which firefighters or firetrucks can tap into water in case of fire outbreak

Ongoing students hostels in UNIZIK campus

UNIZIK hostels are the best in Nigeria

Exam halls in UNIZIK

Tree lined roads in UNIZIK

New roads under construction in UNIZIK

UNIZIK is in a class of its own

UNIZIK, the university of the moment

Beautiful great UNIZIK AWKA

UNIZIK is the best and most beautiful university in Nigeria

UNIZIK is cool



https://www.youtube.com/watch?v=JCHr6jsF2_Y

UNIZIK business school. The best in Nigeria

Most beautiful university in Nigeria

Main gate