Cairo, 08 October 2017: – The African Export-Import Bank (Afreximbank) has announced the institution of an international lecture series in honour of Dr. Babacar Ndiaye, the former President of the African Development Bank, who died on 13 July 2017.
The Babacar Ndiaye Lecture series is aimed at honouring Dr. Ndiaye for his many important contributions to Africa’s economic development, in particular, his critical role in the creation of Afreximbank. Dr. Ndiaye was also instrumental to the creation of several other continental institutions, such as Shelter Afrique and the African Business Roundtable, and is credited with fostering the emergence of many young entrepreneurs who have become builders of Africa.
He was President of the African development Bank from 1985 to 1995.
According to Afreximbank, the lecture series will be an annual event to be held on the sidelines of the World Bank-IMF Annual Meetings, with the inaugural lecture taking place on 15 October 2017 during this year’s World Bank-IMF Annual Meetings in Washington D.C.
The keynote speaker will be Prof. Joseph Stiglitz, Economist and Professor at Columbia University and Nobel Laureate in Economics Sciences. He will speak on the topic: “From Manufacturing Led Export Growth to a 21st Century Inclusive Growth Strategy for Africa”.
Guests are expected to include leaders of African and global banks, development finance institutions, the business community and political leaders attending the World Bank–IMF Annual Meetings. Others are members of the diplomatic community, policy makers, academicians, African and non-African ministers of finance, economy and development, central bank governors, and CEOs of global and African corporates.
Prof. Joseph Stiglitz, Economist and Professor, Columbia University, and Nobel Laureate in Economics Sciences
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Media Contact: Obi Emekekwue (oemekekwue@afreximbank.com; Tel. +202-2456-4238)
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About Afreximbank:
The African Export-Import Bank (Afreximbank) is the foremost pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade. The Bank was established in October 1993 by African governments, African private and institutional investors, and non-African investors. Its two basic constitutive documents are the Establishment Agreement, which gives it the status of an international organization, and the Charter, which governs its corporate structure and operations. Since 1994, it has approved more than $51 billion in credit facilities for African businesses, including about $10.3 billion in 2016. Afreximbank had total assets of $11.7 billion as at 31 December 2016 and is rated BBB+ (GCR), Baa1 (Moody’s), and BBB- (Fitch). The Bank is headquartered in Cairo. For more information, visit: www.afreximbank.com