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Obasanjo, others to lead events at Afreximbank’s 20th anniversary

Lagos – Former President Olusegun Obasanjo will from June 19 to 21 lead events to mark African Export-Import Bank (Afreximbank) 20th anniversary in Addis Ababa, Ethiopia, according to the bank.

In a statement on Wednesday in LagosT, the bank said Prime Minister Hailemariam Desalegn of Ethiopia and President Alassane Ouattara of Cote d’Ivoire would also grace the occasion.

According to the statement, Desalegn will deliver the opening address, while Ouattara will deliver a keynote speech on “The Diaspora as a Resource for Trade and Economic Development of Africa”.

“Also expected are the Chairperson, African Union, Dr. Nkosazana Dlamini-Zuma, the Executive Secretary of the United Nations Economic Commission for Africa, Mr. Carlos Lopes, among others.

“Dlamini-Zuma and Lopes will deliver keynote addresses on “Industry Clusters and Supply Chains as Prerequisites for Diversification and Sustainable Exports in Africa”.

“And the Lost Head Cornerstone-The Diaspora as a Resource for Trade and Economic Development in Africa,” it said.

The statement said that Nigeria’s Minister of Finance, Dr. Ngozi Okonjo-Iweala, and Donald Kaberuka, President of African Development Bank would also speak at the event.

Christopher Edordu, the founding President of Afreximbank, will speak on: Afreximbank -History, Founding Philosophy, Objectives and Establishment Challenges, Achievements and Future Prospects.

The General-Secretary, Economic Community of Central African States, Kadre Desire Ouedraogo, President of the ECOWAS Commission, and Aliko Dangote, the head of the Dangote Group of Companies would also address the gathering.

It said that one of the highlights of the celebration would be an investment forum which would focus on investment opportunities in Ethiopia.

The theme is: Creating Well-functioning Industry Clusters/Supply Chains to Support Development of Ethiopia’s Agricultural sector.

The agreement establishing the Afreximbank was signed in May, 1993 by the founding shareholders in Abidjan, the Cote d’Ivoire capital.

The bank, which started with an authorised capital of 750 million dollars, was formally established in October 1993 by African governments, African private and institutional investors, and non-African investors.

The bank is to finance and promote intra-and extra-African trade.

Its two basic constitutive documents are the Establishment Agreement, which gives it the status of an international organisation and the Charter which governs its corporate structure and operations.

The bank has its headquarters in Cairo. (NAN)


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