- Shareholders to Consider 27th Annual Meeting Resolutions by Correspondence
Cairo, 11 May 2020: – Due to the COVID-19 Pandemic, the African
Export-Import Bank (Afreximbank) has made the decision to cancel the series of
events which were set around its 27th Annual General Meeting and to hold the
Shareholders’ meeting by correspondence.
Afreximbank President Prof. Benedict Oramah said that the decision 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.
He announced that the seminars component of the 27th Annual Meetings, which
were expected to be held from 10 to 13 June 2020 in Sharm El Sheikh, Egypt,
were canceled in light of global mobility restrictions and the need to ensure
social distancing imposed by the COVID-19 pandemic situation.
“Our priority is to guarantee the wellbeing and comfort of our shareholders and
partners which requires that we comply with health and safety protocols put in
place by our host country,” he said.
Prof. Oramah explained that these decisions, while difficult, 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,” he said.
“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. They are also 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.