Afreximbank Cancels 2020 Annual Meeting Side Events

Due to COVID-19

By Benson Afful

Due to the COVID-19 Pandemic, the African Export-Import Bank (Afreximbank) has decided to cancel the series of events that were set around its 27th Annual General Meeting and to hold the Shareholders’ meeting by correspondence.

Prof. Benedict Oramah, Afreximbank President, decided to hold the Shareholders’ meeting by correspondence was made after careful consideration of all available options to ensure the Bank complies with its governance requirements.

The seminars component of the 27th Annual Meetings expected June 10-13, 2020 in Sharm El Sheikh, Egypt, canceled due in part to global mobility restrictions. And the need to ensure social distancing imposed by the COVID-19 pandemic situation.

The priority to guarantee the well-being and comfort of our shareholders, and partners which require we comply with health and safety protocols put in place by our host country, he said.

Prof. Oramah explained these decisions were necessary. And in line with the Bank’s proactive efforts to combat the pandemic. As a leading Pan African institution, Afreximbank’s response strategy has been to lead by example in taking proactive and timely measures.

We remain fully dedicated to supporting efforts to mitigate the adverse impact of the COVID-19 pandemic on African economies and its people. We will continue to be at the frontline with bold initiatives, forging global partnerships towards mitigating the health and economic consequences of the COVID-19 pandemic on Africa,” concluded Afreximbank’s President.

Afreximbank Annual Meetings are among the Bank’s most prominent events. They are sought-after keenly by banking industry professionals, trade and trade finance practitioners, and other parties involved in economic development from across Africa and beyond. Attended by business and political leaders and have been ranked among the most important gatherings of economic decision-makers in Africa.

Afreximbank’s next Annual General Meetings will take place in 2021. The Bank will communicate about the arrangements in due course.