Cameroonian, Dr. George Elombi, has been appointed the new President and Chairman of the Board of Directors of Afreximbank, replacing Professor Benedict Oramah.
He was appointed during the 32nd Afreximbank group annual meetings and associated events held in Abuja from 25 to 28 June.
Dr. George Elombi
Dr. George Elombi has been with Afreximbank since 1996, joining as a Legal Officer before becoming Executive Vice President, Governance, Legal and Corporate Services. He has also served as the bank’s Director and Executive Secretary (2010–2015); Deputy Director, Legal Services / Executive Secretary (2008–2010); Chief Legal Officer (2003–2008); and Senior Legal Officer (2001–2003).
As Chair of the Emergency Response Committee, he led the Bank’s response to the COVID-19 crisis, mobilising over $2 billion for vaccine acquisition and deployment across African and Caribbean nations. Under his supervision of the Equity Mobilisation and Investor Relations department, the Bank’s total ordinary equity mobilised also amounted to $3.6 billion as at April 2025.
In his acceptance speech, Dr. Elombi expressed a deep commitment to the Bank’s mission and future, stating:
“I have worked alongside remarkable colleagues and extraordinary leaders to help shape this institution’s vision, its mandate as well as its growth. As we look to the future, I see Afreximbank as a force for industrialising Africa and for re-gaining the dignity of Africans wherever they are. I will work to preserve this important asset.”
He accepted the shareholders’ desire as expressed by his predecessor to make the institution a US$250 billion bank in ten years.
Education
Dr. George Elombi holds a Master of Laws (LL.M.) from the London School of Economics, University of London, and a Ph.D. in commercial arbitration from the same university. He obtained a ‘Maitrise-en-Droit’ from the University of Yaoundé in 1989.
He has also taught law at the University of Hull and would now be in charge of the Afreximbank for a one-year term of five years, renewable once.
