Afreximbank Bank President Prof. Benedict Oramah addressing the opening of the Strategic Plan Mid-Term Review Retreat in Kampala.
The African Export-Import Bank (Afreximbank) today in Kampala began a three-day retreat for the mid-term review of its Fifth Strategic Plan dubbed IMPACT 2021: Africa Transformed.
Afreximbank operates on five-year strategic plans. The current strategic plan, which is the Bank’s fifth, covers the period 2017 to 2021. Participating in the mid-term retreat are staff and management of the Bank as well as members of the Board of Directors. A number of special guests, including Chief Olusegun Obasanjo, the former President of Nigeria, and the two former Presidents of Afreximbank, Christopher Edordu and Jean-Louis Ekra, have also been invited to give presentations.
IMPACT 2021: Africa Transformed, approved by the Bank’s Board of Directors on 10 December 2016 ,sets out four strategic pillars for the Bank and defines a set of macro and corporate objectives and targets. The four-key strategic pillars on which the plan is anchored are: Intra-African Trade; Industrialisation and Export Development; Trade Finance Leadership; and Financial Soundness and Performance.
The plan envisages an aggregate commitment of $63 billion over the period, with revolving facilities, with commitment in support of intra-African trade expected to amount to $25 billion.
The mid-term review is examining the progress in the implementation of the plan and identifying the way forward.
Afreximbank Bank President Prof. Benedict Oramah (2nd right) and former Nigerian President Olusegun Obasanjo (3rd right) listening to a presentation with(L-R) Dr. George Elombi, Afreximbank Executive Vice President; Christopher Edordu, Pioneer President of Afreximbank; and Jean-Louis Ekra, immediate past President of Afreximbank, during the Strategic Plan Mid-Term Review Retreat in Kampala.
Former Nigerian President Olusegun Obasanjo (right) in conversation with event master of ceremony Mark Eddo, during the Strategic Plan Mid-Term Review Retreat in Kampala.
Afreximbank Bank President Prof. Benedict Oramah (2nd left) and former Nigerian President Olusegun Obasanjo (3rd left) flanked by Christopher Edordu, Pioneer President of Afreximbank (L); and Jean-Louis Ekra, immediate past President of Afreximbank, during the Strategic Plan Mid-Term Review Retreat in Kampala.
Afreximbank Bank President Prof. Benedict Oramah (8th left) and former Nigerian President Olusegun Obasanjo (10th left), with Christopher Edordu, Pioneer President of Afreximbank (7th Left); and Jean-Louis Ekra, immediate past President of Afreximbank (11th Left), in group photo with Afreximbank Board members and other dignitaries during the Strategic Plan Mid-Term Review Retreat in Kampala.