Kingsley Moghalu, the President of the Institute for Governance and Economic Transformation (IGET) will deliver the 30th Anniversary Founders Day Lecture of the African Export-Import Bank (Afreximbank).
Moghalu was also a former Deputy Governor of the Central Bank of Nigeria (CBN), during the tenure of Sanusi Lamido Sanusi as CBN Governor.
The News Agency of Nigeria (NAN) reports that the event is billed to hold at the bank’s Headquarters in Cairo, Egypt, on May 8. The IGET quoted Moghalu in a statement on Tuesday, as saying, “I am honoured to have been requested to deliver the Afreximbank’s 30th Anniversary Founders Day Lecture.
“As Africa’s trade finance bank and one of the continent’s most strategically important financial institutions, Afreximbank has a central role to play in developing Africa into one of the world’s prosperity zones.” IGET said that Moghalu’s Afreximbank lecture would focus on “Afreximbank in the next 30 years”.
It added that the lecture would also provide new perspectives on what the bank’s priorities could be over the next 30 years in the context of continental strategies such as the African Continental Free Trade Agreement (AfCFTA).
Similarly, IGET quoted the President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, as saying that Afreximbank Founders’ Day Celebration is commemorated annually to celebrate the visionary leaders who conceived the idea and contributed to the establishment of the Bank.
“It is also a platform to take stock of the contributions of the Bank towards Africa’s trade development aspirations and reflect on its future.
“The Founders’ Day, celebrated on May 8 each year, brings together over 800 diverse participants comprising all staff of Afreximbank and their spouses, African and selected non-African Ambassadors and diplomats, representatives of international organisations resident in Cairo, as well as the Bank’s clients and officials of the Egyptian Government,” Oramah quoted as saying.
IGET said that Afreximbank was established in 1993 by African Governments, African private and institutional investors as well as non-African financial institutions to provide financial solutions and advisory services for the expansion and diversification of intra-and extra-African trade.
It added that the bank has total assets of $12 billion. It was recently upgraded to “BBB” from “BBB-” by the ratings agency Fitch.
NAN reports that IGET is an independent, non-partisan think tank established to help African countries create inclusive growth and prosperity through effective governance, knowledge-based public policy, and economic strategy. IGET delivers value through accessible policy briefs, executive education for public and private sector leaders, and consultancies.
Source: NAN
