Afreximbank Bank President Prof. Benedict Oramah (left) in discussion with Cesar Mba Abogo, Minister of Finance, Economy and Planning of Equatorial Guinea, during their meeting in Washington, D.C.
Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), who is leading a Bank delegation to the ongoing Annual Meetings of the World Bank and the International Monetary Fund, is taking advantage of the presence of key minsters and senior African government officials to hold meetings aimed at strengthening Afreximbank’s support for Africa’s trade and economic development.
On 18 October, the President met with the Cesar Mba Abogo, Minister of Finance, Economy and Planning of Equatorial Guinea. They discussed the process of formalization of Equatorial Guinea’s membership of Afreximbank. Equatorial Guinea, which signed the Bank Agreement in 2018, will have to ratify the agreement in order to fully formalize its membership.
Mr. Abogo confirmed Equatorial Guinea’s commitment to working with Afreximbank to advance the key sectors of the economy.
President Oramah also met with Dalitso Kamambe, Governor of the Reserve Bank of Malawi, who said that the country was working to strengthen its participation in Afreximbank. Mr. Kamambe urged the Bank to accelerate its engagement in Malawi and said that the Bank could use Malawi as an example to showcase what it could do to help drive economic development in its member countries.
Afreximbank Bank President Prof. Benedict Oramah (left) with Dalitso Kamambe, Governor of the Reserve Bank of Malawi.
In another meeting with a delegation led by Jacob Jusu Saffa, Minister of Sierra Leone, Prof. Oramah discussed the Bank’s ongoing support to the country’s economy and pledged continuing support.
The minister, who noted that Sierra Leone had substantial needs, identified several areas where the Bank could provide support.
Afreximbank Bank President Prof. Benedict Oramah (right) in handshake with Jacob Jusu Saffa, Minister of Finance of Sierra Leone, after their meeting in Washington, D.C.
A meeting was also held with Mamady Camara, the Minister of Economy and Finance of Guinea, who was accompanied by Ismael Dioubate, the Minister of Budget; Dr. Louncény Nabe, Governor, Guinea Central Bank; and the Minister of State of Guinea.
Afreximbank Bank President Prof. Benedict Oramah (3rd left) and Mamady Camara, Minister of Economy and Finance of Guinea (4th left), with the (L-R) Rene Awambeng, Director of Client Relations, Afreximbank; Ismael Dioubate, Minister of Budget of Guinea; Dr. Louncény Nabe, Governor, Guinea Central Bank; and the Minister of State of Guinea.
Earlier on 17 October, the President met with Marouane El Abassi, Governor of the Tunisian Central Bank, and with the Minister of Finance of the Republic of Congo, Mr. Calixte Nganongo.
Prof Oramah briefed Mr. El Abassi about several initiatives being implemented by Afreximbank to support intra-African trade, including the Pan-African Payment and settlement System (PAPSS) and Mansa, the African due diligence repository platform.
He invited the Governor to support the initiatives which, he noted, would promote trade immensely.
He told Mr. Nganongo that the long history of cooperation between Afreximbank and the Republic of Congo meant that they had a good understanding of each other and must continue to collaborate to drive progress.
Mr. Nganongo said that the country considered Afreximbank as its own bank and would always work to facilitate the activities of the Bank.
Afreximbank Bank President Prof. Benedict Oramah (left) and Marouane El Abassi, Governor of the Tunisian Central Bank, after their meeting in Washington D.C.