Afreximbank Appoints George Elombi as Fourth President and Chairman of the Board

Strategic Insights -

George Elombi, a Cameroonian national, has been appointed as the next President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank) following a rigorous selection process initiated in January. Elombi has been with Afreximbank since 1996, joining as a Legal Officer, and has risen through the ranks to become Executive Vice President, Governance, Legal and Corporate Services. His appointment comes after serving as director and executive secretary, deputy director, legal services executive secretary, chief legal officer, and senior legal officer.

Key Takeaways:

  • George Elombi has been appointed as the next President and Chairman of the Board of Directors of Afreximbank, succeeding Benedict Oramah, who has served since 2015.
  • Elombi has been with Afreximbank since 1996 and has held various positions, including Executive Vice President, Governance, Legal and Corporate Services.
  • Under his supervision of the Equity Mobilisation and Investor Relations department, the bank's total ordinary equity mobilised amounted to $3.6 billion as at April 2025.
  • Elombi led the bank's response to the COVID-19 crisis, mobilising over $2 billion for vaccine acquisition and deployment across African and Caribbean nations.
  • He has a Master of Laws (LL.M.) from the London School of Economics and a Ph.D. in commercial arbitration from the University of London.
  • Elombi's appointment was the result of a rigorous selection process that included a global call for applications and interviews by an international human resource executive search firm.
  • He has accepted the shareholders' desire to make the institution a $250 billion bank in ten years.
  • Elombi has played a pivotal role in establishing Afreximbank group's structure and has served on various prominent committees.

Statistics:

  • Afreximbank's total ordinary equity mobilised amounted to $3.6 billion as at April 2025.
  • Elombi mobilised over $2 billion for vaccine acquisition and deployment across African and Caribbean nations during the COVID-19 crisis.
  • Afreximbank is aiming to become a $250 billion bank in ten years.

Sources:

  • George Elombi's appointment as President and Chairman of the Board of Directors of Afreximbank.
  • Bloomberg
  • Premium Times