Afreximbank Assets Grow to $40 Billion as New President Takes Over, Emphasizing Economic Development

Afreximbank's assets have surged to $40 billion under the leadership of newly appointed President Georg Elombi, who highlighted the institution's transformative journey. Elombi succeeded Prof. Benedict Oramah and praised the bank's growth trajectory as a defining moment in Africa's economic history.

He outlined initiatives to broaden Afreximbank's impact beyond trade finance, focusing on industrialization, healthcare, and sustainable development. Elombi's vision aims to advance intra-African trade, support the African Continental Free Trade Area (AfCFTA), and engage the private sector for economic development.