The African Export-Import Bank (Afreximbank) has received shareholder approval to increase its authorized share capital from $5 billion to $25 billion. This move aims to support the bank's rapid growth and address the challenges facing the African continent. The increase will enhance Afreximbank's capacity to promote trade and development across Africa.
At the bank’s 31st annual general meeting in Nassau, The Bahamas, several board changes were also announced. Lydia Shehu Jafiya, Amadou Hott, Noël Mekulu Mvondo Akame, and Yu Wen were elected to new board positions, replacing outgoing members.
Benedict Oramah, president and chairman of Afreximbank, expressed gratitude to the departing board members and welcomed the new ones, emphasizing their critical role in the bank's mission to build a prosperous Africa. He highlighted the significance of the capital increase, reflecting shareholders' confidence in the bank’s vision and mission.
At the bank’s 31st annual general meeting in Nassau, The Bahamas, several board changes were also announced. Lydia Shehu Jafiya, Amadou Hott, Noël Mekulu Mvondo Akame, and Yu Wen were elected to new board positions, replacing outgoing members.
Benedict Oramah, president and chairman of Afreximbank, expressed gratitude to the departing board members and welcomed the new ones, emphasizing their critical role in the bank's mission to build a prosperous Africa. He highlighted the significance of the capital increase, reflecting shareholders' confidence in the bank’s vision and mission.