Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has presided over the investiture of Dr. George Elombi as the new President and Chairman of the Board of the African Export–Import Bank (Afreximbank) in Cairo, Egypt.…  | By Abimbola Akomolafe on October 27, 2025 | Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has presided over the investiture of Dr. George Elombi as the new President and Chairman of the Board of the African Export–Import Bank (Afreximbank) in Cairo, Egypt. The leadership transition marks a major boost for Nigerian small and medium enterprises (SMEs), opening new pathways to regional financing, trade support, and export expansion across Africa. Read also, Outgoing President Professor Benedict Oramah was praised for his decade-long leadership that introduced initiatives such as the Pan-African Payment and Settlement System (PAPSS) and the AfCFTA Adjustment Fund, which simplify cross-border payments and expand access to capital for SMEs. With Dr. Elombi taking the helm, the new phase of collaboration is expected to deepen Nigeria's access to trade finance, support the government's reform agenda, and empower SMEs to compete more effectively in regional and global markets. | | | |
