By Afreximbank

The shareholders of the African Export-Import Bank (Afreximbank) have appointed Dr. George Elombi as the next President and Chairman of the Board of Directors of the continental financial institution. He becomes the fourth President to lead the Bank since its establishment in 1993.

His appointment was one of the key decisions of the 32^nd Afreximbank group annual meetings and associated events held in Abuja, Nigeria, from 25 to 28 June, with the formal annual general meeting of shareholders taking place on Saturday, 28 June 2025.

He succeeds Professor Benedict Oramah, who has served as President and Chairman of the Board of Directors since 2015, and who will be stepping down in September 2025.

A Cameroonian national, George Elombi has been with Afreximbank since 1996, joining as a Legal Officer. He rose through the ranks to become Executive Vice President, Governance, Legal and Corporate Services. Over his nearly three decades at the Bank, he has served as Director and Executive Secretary (2010–2015); Deputy Director, Legal Services / Executive Secretary (2008–2010); Chief Legal Officer (2003–2008); and Senior Legal Officer (2001–2003).

Prior to joining Afreximbank, he taught law at the University of Hull, United Kingdom.

Dr. Elombi played a pivotal role in establishing Afreximbank group’s structure, including the formation of key subsidiaries that have expanded the Bank’s capacity to deliver on its mandate. As Chair of the Emergency Response Committee, he led the Bank’s response to the COVID-19 crisis, mobilising over $2 billion for vaccine acquisition and deployment across African and Caribbean nations. Under his supervision of the Equity Mobilisation and Investor Relations department, the Bank’s total ordinary equity mobilised amounted to USD 3.6 billion as at April 2025.

In his acceptance speech, Dr. Elombi expressed a deep commitment to the Bank’s mission and future, stating:

“I have worked alongside remarkable colleagues and extraordinary leaders to help shape this institution’s vision, its mandate as well as its growth.  As we look to the future, I see Afreximbank as a force for industrialising Africa and for re-gaining the dignity of Africans wherever they are.  I will work to preserve this important asset.”

He accepted the shareholders’ desire as expressed by his predecessor to make the institution a US$250 billion bank in ten years.

Dr. George Elombi holds a Master of Laws (LL.M.) from the London School of Economics, University of London, and a Ph.D. in commercial arbitration from the same university. He obtained a ‘Maitrise-en-Droit’ from the University of Yaoundé in 1989.

His appointment followed a rigorous selection process initiated in January 2025, which included a global call for applications published in international media and on the Afreximbank website. Shortlisted candidates were interviewed by an international human resource executive search firm. The top candidates were presented to the Board of Directors, which recommended Dr. Elombi to the General Meeting of Shareholders for final approval.

Under the Afreximbank Charter, a president is appointed by the general meeting of shareholders upon the recommendation of the Board of Directors for a term of five years, renewable once.

By Eric Elezuo

“I am very proud to be the President that confers on you this well-deserved honor of the people of Kenya”

One of Nigeria’s finest exports, who is the President of the prestigious African Development Bank (AfDB), Dr. Akinwumi Adesina, has once again, raised the bars in honours and awards acquisition.

The seasoned diplomat, who once served as Nigeria’s Minister of Agriculture and Rural Development, was on Monday, March 17, 2025, conferred with the highest-rated honour in Kenya, the Chief of the Golden Heart (C.G.H) at the State House, Nairobi.

President William Ruto of Kenya, who joyfully did the honours, noted that the award was for his role in the East African country’s Last Mile Connectivity and Lake Turkana Wind Projects among other landmark achievements across Africa.

For starters, the C.G.H. is the highest award in Kenya and is mostly given to sitting heads of state or exceptional global leaders. This signifies that Adesina, for his global glories, developmental strides, efforts at uniting Africans through via economic options, equate in status with a sitting president of Kenya. The award was some days earlier also given to His Highness Prince Rahim Al-Hussaini Aga Khan V.

Speaking elatedly after giving the award to Adesina, with all the accompanying paraphernalia, President Ruto hailed the AfDB President, saying he deserves the honour for his commitment and distinguished service to the people of Kenya.

He noted: “I am very proud to be the President that confers on you this well-deserved honor of the people of Kenya. It is an honor that I have the privilege as President but on behalf of the government and the people of Kenya to award you for the distinguished service, the commitment you have demonstrated, and the passion you have worked with to see to it that in every way even before you became the President of the African Development Bank.”

Responding, Adesina, who was flanked by his beloved wife, many other aides, colleagues and associates including the Chairman, Ovation Media Group, Chief Dele Momodu, thanked President Ruto for honoring him with the prestigious award saying it is a rare privilege to be conferred with the award.

“Your Excellency President Ruto I am most grateful to you for conferring me today with the prestigious honor of the Chief of Order of the Golden Heart (C.G.H), Kenya’s highest and most distinguished honor.

“I am very humbled for your incredible kindness what a great honor, what a rare privilege, what a historic recognition. The country that I love so much, Kenya, loves me back, appreciates and celebrates my leadership at the African Develpment Bank. Thank you, Mr. President,” said the AfDB President.

He added, “On behalf of my dear wife and your sister, Grace, the Board of Directors at the African Development Bank, our boards of governance, the management and staff of the African Development Bank and on my own behalf, I accept this honour with great humilty.”

A statement shared on their verified X handle after the award, the Kenyan State House noted in part that, “President William Ruto has thanked the African Development Bank (AfDB) for working with Kenya to drive critical areas of the country’s growth in the past 60 years.

“The President made the remarks when he conferred AfDB President and Chairman of the Board Akinwumi Adesina with the Chief of the Order of Golden Heart (CGH) award in Monday at State House, Nairobi.”

“It is an honour that I have the privilege as President, and on behalf of the people of Kenya, to award you for the distinguished service, commitment, and passion you have demonstrated for our country,” Ruto was qouted as saying.

Akinwumi was elected President of Africa Development Bank in 2015, and has remained in office till date.

The AfDB President’s speech is produced in full next page…

President John Mahama has released another batch of ministerial nominees. National Democratic Congress Youth Organiser George Opare Addo has been selected to head the newly created Ministry for Youth Development and Empowerment.

A statement from the presidency shows that more familiar names feature in the list, with Haruna Iddrisu nominated as the Education Minister-designate in his latest batch of nominations and Eric Opoku nominated as the Minister for Food and Agriculture.

These nominees join the three non-regional ministerial picks already nominated and vetted. Ten regional minister picks were also previously nominated but have not been vetted.

Two of the nominees, Joseph Nelson for the Western Region Minister and Amelia Arthur, are from the Western Region, which has prompted some praise from the NDC in the region.

George Opare-Addo is a lawyer, local government official, business executive, and accomplished party organiser. His political activism and organisational skills earned him the position of National Youth Organizer of the NDC, a role he has held since 2018. He is also a former Municipal Chief Executive for the Akuapem North Municipal Assembly.