The President of the African Export-Import Financial institution (Afreximbank) (www.Afreximbank.com), Prof. Benedict Oramah, was yesterday in Lagos awarded the 2021/22 Zik Prize in Skilled Management by the Public Coverage Analysis and Evaluation Centre (PPRAC).
In a quotation, Prof. Pat Utomi, Head of the PPRAC Zik Prize Choice Committee, mentioned that Prof. Oramah is being recognised for his exceptional piloting of Africa’s premier multilateral monetary establishment to ship on its mandate of boosting financial growth in Africa, by financing and selling intra- and extra-African commerce and accelerating industrialisation.”
“A key promoter of the AfCFTA as Africa’s pathway to industrialisation, he championed the introduction of a Pan-African Cost and Settlement System that was adopted by the African Union because the cost and settlement platform to underpin the implementation of the AfCFTA. He has additionally led the onboarding of 500 of the continent’s 600 regulated industrial banks into its Afreximbank Commerce Finance Facility, inserting it within the vortex of essentially the most in depth financial institution messaging community on the continent,” continued Prof. Utomi.
“The dimensions of the Financial institution’s intervention in help of African nations at instances of worldwide disaster is unprecedented,” he mentioned, including, “It launched, in 12 months 2020, the Pandemic Commerce Influence Mitigation Facility, with disbursed funds at greater than US$7 billion, and, in 12 months 2022, the Ukraine Disaster Adjustment Commerce Financing Programme for Africa, a US$4 billion programme of credit score amenities to handle the impacts of the Ukraine disaster on African economies and companies”.
Talking after receiving the award, Prof. Oramah mentioned that he cherished the honour bestowed on him as a result of he valued the ideas, philosophy and values of Dr. Azikiwe who lived an awfully exemplary life.
“Dr Azikiwe and his colleagues fought tirelessly, with braveness, mind, and willpower for the independence and political emancipation of our continent,” mentioned Prof. Oramah. “What they did was just the start of the journey. The true emancipation will happen after we attain financial independence. As a pacesetter of one of many continent’s key establishments created to assist ship growth, I’m aware of the position that we play.”
Additionally honoured on the ceremony have been Zambian President Hakainde Hichilema as winner of the Zik Prize in Political Management. Governor Godwin Obaseki of Edo State, Nigeria, who obtained the Zik Prize in Good Governance; Dr Taiwo Afolabi, Chairman of SIFAX Group, awarded the Zik Prize in Entrepreneurial Management; and Hajiya Aisha Atiku Baguda, who was honoured with the Zik Prize in Humanitarian Management.
Previous recipients have included notable leaders like President Jerry Rawlings of Ghana, President Nwalimu Julius Nyerere of Zambia, former OAU Secretary Normal Dr. Salim Ahmed Salim, President Sam Nujoma of Namibia, President Nelson Mandela of South Africa and President Yoweri Muzeveni of Uganda.
The Management Awards have been instituted in 1995 in honour of late Dr. Nnamdi Azikiwe, the primary President of Nigeria, to recognise and encourage excellent management on the African continent and within the African Diaspora. It didn’t maintain in 2022 as a mark of respect to the passing of two members of the Advisory Board, Prince Emeka Obasi and Prof. George Obiozor.
Distributed by APO Group on behalf of Afreximbank.
African Export-Import Financial institution (Afreximbank) is a Pan-African multilateral monetary establishment mandated to finance and promote intra-and extra-African commerce. For 30 years, the Financial institution has been deploying modern buildings to ship financing options that help the transformation of the construction of Africa’s commerce, accelerating industrialization and intra-regional commerce, thereby boosting financial growth in Africa. A stalwart supporter of the African Continental Free Commerce Settlement (AfCFTA), Afreximbank has launched a Pan-African Cost and Settlement System (PAPSS) that was adopted by the African Union (AU) because the cost and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Financial institution is establishing a US$10 billion Adjustment Fund to help nations to successfully take part within the AfCFTA. On the finish of 2022, Afreximbank’s complete belongings and ensures stood at over US$31 billion, and its shareholder funds amounted to US$5.2 billion. The Financial institution disbursed greater than US$86 billion between 2016 and 2022. Afreximbank has funding grade rankings assigned by GCR (worldwide scale) (A), Moody’s (Baa1), Japan Credit score Ranking Company (JCR) (A-) and Fitch (BBB). Afreximbank has advanced into a gaggle entity comprising the Financial institution, its affect fund subsidiary referred to as the Fund for Export Growth Africa (FEDA), and its insurance coverage administration subsidiary, AfrexInsure, (collectively, “the Group”).
For extra data, go to: www.Afreximbank.com