Business

Chikwanda to swear in Afreximbank boss

KALONDE NYATI, Lusaka
MINISTER of Finance Alexander Chikwanda is this month expected to swear in the in-coming African Export-Import Bank (Afreximbank) president Benedict Oramah in Cairo, Egypt.
According to a statement issued by the Afreximbank external communications unit, Mr Chikwanda, who is chairman of the general meeting of shareholders of the bank, is expected to inaugurate Dr Oramah on September 21.
Dr Oramah takes over from Jean-Louis Ekra, who will be stepping down after completing two five-year terms as president.
The swearing in ceremony will be preceded by the commissioning of the new Afreximbank building on September 20.
“The Egyptian capital of Cairo is to host high ranking African government officials, heads of international organisations, members of the diplomatic community, leaders of international financial institutions and the business community as the Afreximbank banks inaugurates its headquarters building and conducts the investiture of its new president on 20 and 21 September,” the statement reads.
Egyptian Prime Minister Ibrahim Mahlab is expected to inaugurate the headquarters building.
Other delegates expected to be part of the two events are Ivory Coast Prime Minister Daniel Duncan and former President of Nigeria Olusegun Obasanjo.
As part of activities to mark the two events, Chief Obasanjo, former President of the African Development Bank Babacar Ndiaye and pioneer President of Afreximbank Christopher Edordu are expected to participate in a panel discussion on, “The implications of building a global multilateral exim bank”.
“A second panel discussion on September 21 will look at the “Relevance of regional financial institutions,” the statement reads.

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