A delegation from the EBOMAF Group, an African multinational conglomerate operating in the West Africa sub-region, visited the Cairo headquarters of the African Export-Import Bank (Afreximbank) today to explore opportunities for collaboration towards Africa’s economic development.
The delegation, led by Managing Director Mahamadou Bonkoungou, told Afreximbank President Dr. Benedict Oramah that the EBOMAF Group was involved in construction, aircraft charter services, hotels, agro allied industry and factory operations.
Mr. Bonkoungou said that EBOMAF had contracts for several projects in Benin, Burkina Faso and Cote d’Ivoire for which it would welcome collaboration with Afreximbank.
He said that the group currently employed 7,000 African and 250 expatriate staff to run its operations, describing the company as one of the most equipped in Africa.
President Oramah informed the delegation that the Bank was implementing a strategy under which it was supporting companies that were engaged in activities across Africa. Those companies had been identified as Intra-African Trade Champions or IntraChamps, he said, expressing confidence that, based on its activities, EBOMAF was qualified to be in that group.
Afreximbank involved the IntraChamps when undertaking visits to African countries and that had opened up opportunities for many of them to bid for and win contracts in those countries, he explained, adding that the Bank would be willing to take EBOMAF along on some such visits.
Accompanying Mr. Bonkoungou on the visit were Mahamadi Savadogo, President of the Burkina Faso Chamber of Commerce and Industry, and Komi Koutche, a Former Minister of Finance of Benin who is serving as Financial Adviser to EBOMAF.
Afreximbank President Dr. Benedict Oramah (centre) in handshake with Mahamadou Bonkoungou, Managing Director, EBOMAF Group, as Mahamadi Savadogo, President, Burkina Faso Chamber of Commerce and Industry, looks on.