19 Jun Afreximbank’s Annual Meetings in Accra call for more intra-African trade
The 30th Annual General Meetings of the African Export-Import Bank (Afreximbank) opened in Accra on Sunday. The Afreximbank Annual Meetings (AAM2023), which end on 21 June, are also being held to celebrate the 30th anniversary of the establishment of Afreximbank.(Marwa Tawfik from Accra , Monday 19 Jun 2023)
Africans must work collaboratively towards finding integrated solutions to the new challenges confronting the continent, Mohamed Maait, Egypt’s minister of finance and chairman of the Afreximbank Annual Meetings, who was represented by Gamal Negm, deputy governor of the Central Bank of Egypt, told the participants.
Maait lauded Afreximbank for playing a significant role in developing and implementing solutions to address the challenges confronting Africa and expressed the hope that AAM2023 would lead to even more constructive solutions to Africa’s problems, describing the bank as one of the African institutions delivering on the African Union’s (AU) Vision 2063.
Leaders and officials paid a special tribute to the late Dr Kwame Nkrumah the first President of Ghana
“Thanks to the vision of African leaders who founded Afreximbank 30 years ago, one by one, they are being delivered within the framework of “Team Africa”, comprising the African Union and its Agencies, AfCFTA Secretariat and Afreximbank as the underpinning banker. So today, the Pan-African Payment and Settlement System (PAPSS) is up and running, which will save the continent 5 billion US dollars in intra-African transfer changes. It will also expedite and enable payments for intra-African trade in African currencies,” President and Chairman of the Board of Directors Prof. Benedict Oramah said in his inaugural speech.
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