Afreximbank's Elombi Calls for Positive Media Coverage

Dr George Elombi, President of the African Export-Import Bank, warned against the negative portrayal of Africa in the media, stating that it reinforces the perception of the continent as a high-risk investment destination. In an exclusive interview with ARISE News, he highlighted that persistent negative narratives could damage investor confidence and discourage both local and foreign investments.

Elombi noted that this perception affects not only foreign investors but also Africans who view their home countries as risky. He explained that such perceptions lead to higher borrowing costs due to increased risk premiums.

Elombi cited the Dangote Refinery as an example of how major investments can reshape perceptions of Africa's economic potential. He called for greater visibility of positive developments in Africa to influence investment decisions and improve the continent's economic prospects.