Cairo, 1 February, 2021: – It is with a heavy heart that Afreximbank announces the irreparable loss of our colleague, friend and great African, Dr Philip Kamau, Chief Executive Officer, Fund for Export Development in Africa (FEDA). He died in the early hours of 20th January at his residence in Cairo, Egypt. He was 61 years old.
Dr Kamau was seconded by African Development Bank to Afreximbank in 1994 as one of the pioneer staff members. He remained in Afreximbank since then, rising to the position of Senior Director, Finance in 2007, during which he coordinated the project for the creation of an equity investment arm of the Bank, which became the Fund for Export Development in Africa (FEDA). He was appointed CEO of FEDA in 2018, making him the pioneer CEO of that new subsidiary.
Philip made significant contributions to the Bank. He helped build important systems that have stood the test of time. He had astute negotiation skills and was a strong believer in the power of performance and delivery.
We mourn not only a great Afreximbanker but also a dedicated African who fought many battles for the betterment of our economies.
Funeral announcements will be made by his family.
May his gentle soul rest in peace.
Prof. B. O. Oramah
President & Chairman of the Boards of
Afreximbank & FEDA