No less than three former African
Presidents are expected at activities marking the 22nd Annual
General Meeting of Shareholders of the African Export-Import Bank (Afreximbank)
scheduled to take place in Lusaka from 10 to 13 June, according to a programme
of events released by the Bank.
Afreximbank said in Cairo today that
former Presidents Olusegun Obasanjo of Nigeria, Thabo Mbeki of South Africa and
Joaquim Chissano of Mozambique would speak on the risks posed by the resurgence
of political uncertainties and insecurity in Africa during a panel discussion
on 11 June.
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.
Other panels will look at different
themes related to Africa’s economic growth and integration, including, “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”.
The speakers will include Justin
Lin, a former World Bank Chief Economist and professor of economics at the
China Center for Economic Research and National School of Development, Peking
University, China, as well as ministers, business leaders, political leaders,
heads of financial institutions, and central bank governors from across Africa
and beyond. They will be joined by high-level representatives of the Zambian
government and experts in African trade finance.
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.
Afreximbank, with an authorised
capital of $5 billion, has four classes of shareholders. Class “A” is comprised
of African governments, African central banks and African regional and
sub-regional institutions while Class “B” consists of African private investors
and African financial institutions. Class "C" is made up of
non-African financial institutions, export credit agencies and private
investors, while Class “D”, created in
December 2012, is a category under which
any person or entity can be allotted shares.
The Annual General Meeting of Shareholders is held each year to take
stock of the Bank's activities during the reporting year.
Obi Emekekwue
Afreximbank
External Communications
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