Afreximbank shareholders appoints Dr. George Elombi as next president/chairperson

African Export-Import Bank (Afreximbank) has named Dr. George Elombi as its new President and Chairman of the Board of Directors, marking him as the fourth president to lead the institution since its founding in 1993. The decision was announced during the 32nd Afreximbank Annual Meetings held in Abuja from June 25 to 28, 2025, with the formal shareholder meeting concluding on June 28.

Dr. Elombi, a Cameroonian national, will succeed Professor Benedict Oramah, who has served as president since 2015 and is set to step down in September 2025. Elombi has been with Afreximbank since 1996, starting as a Legal Officer and rising to Executive Vice President, Governance, Legal and Corporate Services. His previous roles include 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). Before joining the Bank, he taught law at the University of Hull, United Kingdom.

Elombi has been instrumental in shaping Afreximbank’s structure, spearheading the creation of key subsidiaries that have bolstered the Bank’s mission. As Chair of the Emergency Response Committee, he led the Bank’s COVID-19 response, securing over $2 billion for vaccine acquisition and distribution across African and Caribbean nations. Under his oversight of the Equity Mobilisation and Investor Relations department, the Bank mobilized $3.6 billion in ordinary equity as of April 2025.

The appointment followed a thorough selection process launched in January 2025, involving a global call for applications and interviews conducted by an international human resource executive search firm. The Board of Directors recommended Dr. Elombi, with final approval granted by the General Meeting of Shareholders.

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