Afreximbank takes annual meetings to Moscow in June

The annual meetings for the bank are open to banking industry professionals, trade and trade finance practitioners and other parties involved in economic development from across Africa and beyond.

They are also attended by business and political leaders; and are reputed to be among the most important gatherings of economic decision-makers in the continent, with a cumulative gross domestic product (GDP) of $2.19 trillion (GDP nominal and PPP [purchasing power parity] 2018), according to the International Monetary Fund (IMF).

This year’s annual meetings will mark the second time Afreximbank will be holding the meetings outside Africa. The first time was in 2012 when they were held in Beijing, China, said a statement by Adaeze Anyaoku of Afreximbank’s external communications.

Last year in Abuja, Nigeria, Afreximbank’s president, Benedict Oramah had announced that the bank’s total assets had grossed to $11.9 billion as at December 2017; while since 1994, the bank has approved more than $67 billion in credit facilities for African businesses, including $7.2 billion in 2018.

The 2019 annual meetings will include the seminar and meeting of the Advisory Group on Trade Finance and Export Development in Africa on 20 and 21 June, with the official opening of the annual general meeting (AGM) of shareholders taking place in the afternoon on 21 June. The closed session of the AGM of shareholders will hold on 22 June.

Afreximbank announced that it was lining up a host of high-level speakers who would be exploring various aspects of trade and economic development, and looking at the transformation of African economies through trade.