President Talks Infrastructure at U.S.-Africa Business Center Event

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The President of the African Export-Import Bank (Afreximbank), Dr. Benedict Oramah, yesterday in Washington D.C., participated as a special guest of honour in a high-level panel discussion organised by the U.S.-Africa Business Center of the U.S. Chamber of Commerce.

The session, titled “Mobilising Resources towards Infrastructure Development in Africa”, also featured Charles Boamah, Senior Vice President at the African Development Bank, and Alain Ebosisse, CEO of Africa50, with Tom Clark, Executive Counsel for GE Capital serving as moderator.

In his contribution, the President noted that while infrastructure development was not a core mandate of Afreximbank, the Bank supported trade-supporting infrastructure, including the development of ports and other such facilities.

Afreximbank had introduced programmes, such as forfaiting, which enabled African businesses to import investment goods by making possible for those companies to make payments to those supplying or selling equipment into Africa, he said.

Dr. Oramah said that the Bank used a partnership approach in its work.

The U.S.-Africa Business Center describes itself as the preeminent voice advocating for increased trade between the United States and Africa.