Lagos (Nigeria), 25 September 2016: – The African Export-Import Bank (Afreximbank) has appointed of Amr Kamel, formerly Director of Banking Operations, as its new Executive Vice President in charge of Business Development and Corporate Banking, giving him the position occupied Dr. Benedict Oramah until his elevation to the post of President of the Bank in September 2015.
Announcing the appointment today at the end of the 110th meeting of the Bank’s Board of Directors in Lagos, Nigeria, President Oramah said that Mr. Kamel’s appointment would take effect from 1 October 2016.
Congratulating him on the appointment, President Oramah said that Mr. Kamel’s 21 years in Afreximbank, where, as one of the nucleus staff members, he had been involved in setting up the front and back offices, had enabled him to acquire tremendous experience in managing the relevant functional areas. Mr. Kamel had also been involved in specialized assignments, including the setting up of the Bank’s Abuja Branch Office, raising equity for the Bank, and negotiating country programmes, he noted.
As Executive Vice President in charge of Business Development and Corporate Banking, Mr. Kamel will oversee the Banks origination and business development activities, including managing the Client Relations; Project Finance; Export Development; Syndications and Agency; Trade Finance; Guarantees and Specialised Finance; and Advisory and Capital Markets departments.
An Egyptian national, Mr. Kamel received a Master of Business Administration from the City University of New York in the United States and a Bachelor of Arts in economics from the American University in Cairo. He started his banking career in 1985, working variously for Bank of Credit and Commerce, Bank of America, and Chemical Bank, before joining Afreximbank in 1995.
His experience spans many banking functions, including structured trade finance, documentary credits, operations, loan administration and agency, treasury, marketing, and business development.
His appointment concludes a recruitment process, managed by an international agency, which started with an international media advertisement in April and included interviews of four shortlisted candidates in July, leading to his emergence as the successful candidate.
Afreximbank Executive Vice-Presidents are appointed by the Board of Directors upon the recommendation of the President.
Media Contact: Obi Emekekwue (oemekekwue@afreximbank.com; Tel. +202-2456-4238)
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About Afreximbank:
The African Export-Import Bank (Afreximbank) is the foremost Pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade. The Bank was established in October 1993 by African governments, African private and institutional investors, and non-African investors. Its two basic constitutive documents are the Establishment Agreement, which gives it the status of an international organization, and the Charter, which governs its corporate structure and operations. Since 1994, it has approved more than $41 billion in credit facilities for African businesses, including about $6.2 billion in 2015. Afreximbank had total assets of $9.4 billion as at 30 April 2016 and is rated BBB- (Fitch) and Baa2 (Moody’s). The Bank is headquartered in Cairo. For more information, visit: www.afreximbank.com