The African Export-Import Bank has ushered in a new era of leadership with the swearing-in of Dr. George Elombi as the institution’s fourth President and Chairman of the Board of Directors.
He succeeds Professor Benedict Oramah, who has led the bank since 2015.
The ceremony, held in Abuja, was presided over by Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who administered the Oath of Office and the Symbolic Transfer of Proclamation, marking the official handover of the bank’s leadership.
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Dr. Elombi, a Cameroonian national, has been with Afreximbank since 1996. He rose through the ranks to become Executive Vice President for Governance, Legal, and Corporate Services, where he played a pivotal role in strengthening the bank’s institutional and legal frameworks, expanding its capital base, and guiding crisis response initiatives across Africa and the Caribbean.
In his new role, Dr. Elombi is expected to advance Afreximbank’s strategic agenda to accelerate intra-African trade, regional integration, and economic transformation under the African Continental Free Trade Area.
The bank described the leadership transition as a “defining moment” that ensures the seamless continuation of Afreximbank’s mandate to promote Africa’s trade, integration, and prosperity.
Dr. Elombi’s appointment marks the fourth presidency in the bank’s three-decade history, following the tenures of Professor Oramah, Jean-Louis Ekra, and Christopher Edordu, Afreximbank’s founding president.
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