Afreximbank Executive Vice President Amr Kamel to take early retirement

Categories: Press Releases

Cairo, 14 July 2022 – African Export-Import Bank (Afreximbank) today in Cairo announced the early retirement of Mr. Amr Kamel, Executive Vice President, Business Development and Corporate Banking, effective 31 July 2022.

Mr. Amr Kamel has decided to take early retirement after 27 years of dedicated service to Afreximbank. He is one of the pioneers of the Bank, which he joined as a Senior Operations Associate in 1995, one year after the Bank started operations in October 1994. Mr. Kamel then held the position of Director of Banking Operations from January 2011, before being appointed Executive Vice President in charge of Business Development and Corporate Banking in 2016.

During his long and successful career at Afreximbank, Mr. Kamel has been instrumental in expanding the Bank’s operations across Africa, particularly in Egypt, where he has played a leading role in overseeing the financing of loans and guarantees totaling more than US$26 billion. Over the years, Mr. Kamel has also worked hard to take Afreximbank beyond African borders, contributing significantly to raising the Bank’s profile on the international stage. Over the past ten years, as Vice President, he has helped grow the Bank’s portfolio from US$55 million when he joined to nearly US$19 billion today.

In bidding farewell to Mr. Kamel, Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank made the following statement:

“It is with great emotion that, on behalf of myself, the Board of Directors and the entire staff of Afreximbank, I say goodbye to our friend, colleague and great Afreximbanker, Mr. Amr Kamel who has decided to take an early retirement. We are proud and grateful for his service over the years, not only to Afreximbank, but also to Africa. He is part of the team that, from the beginning, believed in the relevance of the mandate entrusted to the Bank and contributed to making the Bank the great institution that is transforming the African continent, boosting intra-African trade and championing export manufacturing and industrialisation. He is a trusted confidant to me as President and inspiration to the entire team. He will be missed. Confident that his retirement does not mean the end of his commitment to the development of African trade, we all wish him fair winds and following seas.”

– Ends –

About Afreximbank

African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. Afreximbank deploys innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Afreximbank is working with the AU and the AfCFTA Secretariat to develop an Adjustment Facility to support countries in effectively participating in the AfCFTA. At the end of 2021, the Bank’s total assets and guarantees stood at about US$25 billion, and its shareholder funds amounted to US$4 billion. Afreximbank disbursed more than US$51 billion between 2016 and 2021. The Bank has ratings assigned by GCR (international scale) (A-), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). The Bank is headquartered in Cairo, Egypt.

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