Africa

Afreximbank Gets New President, Dr. George Elombi

Published

8 months ago

June 29, 2025

Eric

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.

Africa

Investment Opportunities: Promote Ghana with Your Platforms, Bonsu Charges Chinese Media

Published

3 weeks ago

February 12, 2026

Eric

Ghana’s Ambassador to China, Kojo Bonsu, has appealed to the Chinese media to use their medium to promote Ghana.

Ghana, he said, boasts of several business opportunities, therefore if the Chinese media take keen interest in Ghanaian issues, it would help attract investors from China to Ghana.

According to him, the door of the Ghana Embassy in China is wide open to Chinese journalists, especially those who want to positively project Ghana.

“The Chinese media institutions should henceforth partner with the Ghana Embassy in promoting trade and investment opportunities in both of our sister countries for growth.

“There are potential for growth in various sectors such as infrastructure, clean energy, Information Technology (IT) and Artificial Intelligence (AI), healthcare, minerals processing and agriculture,” Mr. Bonsu pointed out.

He was speaking when the Ghana Embassy in China recently hosted a press soiree in Beijing, which was graced by a number of prominent media institutions in China.

The programme was mainly used to promote Ghana’s upcoming 69th independence anniversary celebrations and also highlight investent opportunities in the country.

Kojo Bonsu, who is a former Kumasi Mayor, said Ghana is the safest, friendly and best country for any investor to do business, urging Chinese businessmen to heed his advice.

According to him, Ghana is a democratic nation, which has conducive atmosphere for businesses to flourish, stressing his desire to work and improve Ghana-China relations.

“Ghana is committed to strengthening ties with China. My country is a stable democracy, has business-friendly environment and rich cultural heritage,” Kojo Bonsu stated.

Africa

Mahama Recalls High Commissioner to Nigeria over Election Rigging Allegations

Published

4 weeks ago

February 8, 2026

Eric

President John Mahama of Ghana has ordered the immediate recall of Mohammed Ahmed, known as Baba Jamal, from his position as the country’s high commissioner to Nigeria over allegations of vote buying in Saturday’s parliamentary primaries.

Mahama’s decision was in response to claims that delegates were induced during the National Democratic Congress (NDC) primaries.

Jamal was a candidate in the polls, which he later won.

During the election, Jamal’s campaign team offered 32-inch televisions and boiled eggs to delegates who took part in the primaries.

Jamal confirmed that television sets had been distributed but rejected claims that the act amounted to vote buying.

“So if you give television sets to people, what is wrong with it when you give things to people?” he asked, according to local media JoyOnline.

“Is this the first time I am giving things to people?”

Explaining the reason behind Jamal’s recall, Felix Ofosu, Mahama’s spokesperson, said that while the allegations of vote buying were made against multiple candidates who contested the primaries, Jamal was the only serving public officer among them.

“The President has also noted the public statement by the General Secretary of the NDC indicating that the Party has commenced its own investigations into the allegations arising from the primaries,” the statement reads.

“Without prejudice to the ongoing internal party processes, and strictly in view of the standards of conduct expected of public officers, the President considers it necessary to act decisively to preserve the integrity of public office and to avoid any perception of impropriety or conflict with the Government’s Code of Conduct for Political Appointees.”

Ofosu said the high commissioner’s recall takes effect immediately, and that directives had been issued to the minister for foreign affairs to take the necessary administrative steps.

Africa

Muammar Gaddafi’s Son Saif al-Islam Assassinated

Published

4 weeks ago

February 4, 2026

Eric

Saif al-Islam Gaddafi, son of former Libyan leader Muammar Gaddafi, has died at the age of 53, his political team announced on Tuesday.

The Head of the political team told Libyan News Agency that the young Gaddafi died near the country’s border with Algeria.

His sister confirmed the development, but did not specify the cause of death.

Born in 1972, the younger Gaddafi was once widely seen as his father’s heir apparent. The International Criminal Court had issued a warrant for his arrest, seeking to prosecute him for crimes against humanity related to his alleged role in crushing opposition demonstrations in 2011.