Business

Zambia to host Afreximbank AGM

KALONDE NYATI, Lusaka
ZAMBIA is next month expected to host the 22nd African Export-Import Bank (Afreximbank) annual general meeting which will bring together economic experts and former African heads of states to discuss various issues affecting the Continent.
According to Afreximbank external communications officer Obi Emekekwue, the annual general meeting of shareholders to be held from June 10 to 13 is also expected to take stock of the bank’s activities during the reporting year.
Other issues to be discussed include Africa’s economic growth and integration, with emphasis around African direct investment as a source of long-term finance for export diversification and development, and the impact of recent adverse shocks on Africa’s growth prospects.
Mr Emekekwue said former Presidents Olusegun Obasanjo of Nigeria, Thabo Mbeki of South Africa and Joaquim Chissano of Mozambique are expected to speak on the risks posed by the resurgence of political uncertainties and insecurity in Africa during the meeting.
“The discussion by the former Presidents will form part of meetings and seminars of the Advisory Group on Trade Finance and Export Development in Africa being organised by Afreximbank on the sidelines of the annual general meeting of shareholders,” he said.
Other speakers include former World Bank chief economist and professor of economics at the China Centre for Economic Research and National School of Development, Justin Lin, ministers, business leaders, political leaders, heads of financial institutions, and central bank governors from across Africa and beyond.
An investment forum and a trade exhibition, as well as meetings of various committees of Afreximbank’ s board of directors, will also be held as part of the activities during the annual general meeting.
A key highlight of the annual general meeting will be the appointment of a new President to take over from Jean-Louis Ekra, the current President of the Bank, whose tenure comes to an end this year.


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