Under the Abuja sun, Afreximbank newly appointed President, George Elombi, stepped into a new chapter.
A seasoned insider with roots deep in the Bank’s history, Elombi was named its next President and Chairman. He becomes the fourth to hold the role since its founding in 1993.
His rise, confirmed by shareholders after a global search, marks a deliberate choice: to pair ambition with experience as the institution drives forward Africa’s economic transformation.
At the 32nd Annual General Meeting held in Abuja, Nigeria, shareholders unanimously endorsed the board’s recommendation, following a rigorous global executive search.
Afreximbank Fourth President Since 1993
Stepping into the role in September, the Cameroonian national will succeed Benedict Oramah.
With this, Elombi becomes the fourth person to lead the bank since its founding in 1993.
Over the course of nearly 30 years, Elombi has risen through the ranks at Afreximbank.
Most recently, he led the Governance, Legal and Corporate Services division as Executive Vice President.
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Throughout his career, he has helped shape the Bank’s institutional framework and spearheaded the launch of key subsidiaries, including the Fund for Export Development in Africa (FEDA) and AfrexInsure.
Proven Crisis Leadership
During the COVID-19 pandemic, Elombi demonstrated crisis leadership by chairing the Emergency Response Committee.
Under his direction, the Bank mobilised over $2 billion to distribute vaccines across Africa and the Caribbean.
More recently, he oversaw the Equity Mobilisation and Investor Relations department, securing $3.6 billion in equity funding by April 2025.
Academically, Elombi studied in both Africa and the UK, earning a PhD in commercial arbitration and an LLM from the London School of Economics.
Before joining the Bank in 1996, he lectured in law at the University of Hull.
Looking ahead, as Afreximbank works towards becoming a $250 billion institution, Elombi is set to drive its mission to industrialise Africa and advance intra-African trade through the AfCFTA.
