African Prosperity Network (APN) awarded Prof. Benedict Oramah, President and Chairman of the Board of Directors of African Export and Import Bank (Afreximbank or “the Bank”) with the Financial Leadership Award at their African Prosperity Dialogue gala dinner held on January 26, 2024.
The Leadership Awards is an initiative of the African Prosperity Network that seeks to recognise and celebrate Africans making transformational impacts in the financial services industry across the continent. Specifically, the Financial Leadership category celebrates individuals in senior positions who have demonstrated exceptional leadership and expertise, who exude sound financial management, prudent risk management and innovative financial thinking.
Afreximbank has, over the years, been at the forefront of promoting the socio-economic development of Africa and its populace. Since assuming the stewardship of the Bank, Prof Oramah has overseen the tremendous growth of the Bank and the deployment of innovative instruments to catalyse trade, industrial and economic development in Africa. Such innovations find expression in the introduction of crisis response products such as the Countercyclical Trade Liquidity Facility (COTRALF) in 2016, the Pandemic Trade Impact Mitigation Facility (PATIMFA) in 2020 and the Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA) in 2022. Between 2016 and 2023, the Bank disbursed over US$105 billion.
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