The African Export-Import Bank (Afreximbank) has officially closed its two-day Farewell and Investiture Ceremony at the St. Regis Al Masa Convention Centre in Cairo, Egypt. The event, which ended on Saturday, October 25, 2025, honoured outgoing president Professor Benedict Oramah and welcomed Dr. George Elombi as the new president of the Bank.
The African Export-Import Bank (Afreximbank) officially closed its two-day Farewell and Investiture Ceremony at the St. Regis Al Masa Convention Centre in Cairo, Egypt. The closing ceremony marked the end of a Professor Benedict Oramah and welcomed Dr. George Elombi as the new president of the Bank.
This is an opportunity to reaffirm our unwavering commitment to perpetuating this legacy. Let us deepen it, strengthen its impact, consolidate partnerships, and continue the mission of building an Africa that trades first and foremost with itself.
George Elombi, President of Afreximbank – Cameroon
In his speech, Dr. George Elombi praised his predecessor’s work and promised to build on it. “Oramah has turned decades-old dreams into real progress. As we move forward, we remain committed to building Africa’s productive power,” he said. Dr. Elombi also reaffirmed his commitment to support the African Continental Free Trade Area (AfCFTA) and promote sustainable industrial growth.
We will encourage and accelerate the creation of added value and the strategic processing of minerals. We will strive to end the export of our raw potential by transforming what we produce, creating regional value chains, and fostering local industries. We can create jobs, and we will create the right jobs across the continent, thereby stimulating growth throughout Africa.
George Elombi, President of Afreximbank – Cameroon
The ceremony closed on a high note with a call for continued unity and purpose among African nations. As the Bank transitions into a new leadership phase, its mission remains unwavering, to empower African economies, foster regional value chains, and build a truly self-reliant continent.
