The newly appointed President of the African Export-Import Bank (Afreximbank), George Elombi, has pledged to prioritise transforming Africa’s trade structure while investing in critical infrastructure such as seaport terminals and power stations.
His vision aims to sustain and deepen the bank’s mission of promoting intra-African trade and development.
Speaking at a press conference after his unanimous appointment during the Afreximbank Annual Meetings in Abuja, Elombi reaffirmed his commitment to upholding the bank’s founding treaty, with a renewed focus on strengthening Africa’s trade systems.
“To change the structure of our trade so that we can confront development challenges head-on, a process we have already begun in recent years we must continue with determination,” Elombi said.
He outlined plans to focus on infrastructure that directly supports trade, including export processing zones, seaport terminals, power stations, and the development of human capital.
“We must address the export processing zones, the seaport terminals, the power stations, and the infrastructure that underpins them, along with the human resources and investment capital needed to deliver results,” he stated.
He further added that, “When these elements are in place, our continent will be transformed.”
