The African Export-Import Bank (Afreximbank), on Monday, announced the cancelation of events around its 27th Annual General Meeting, even as its shareholders’ meeting will now hold by correspondence.
Afreximbank President Prof. Benedict Oramah said these include the seminars that would have held from June 10 to 13, in Sharm El Sheikh, Egypt, but have been canceled in the light of global mobility restrictions and the need to ensure social distancing arising from the widespread of the Coronavirus COVID-19 pandemic.
“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.
These decisions, though difficult, he explained, 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, according to a statement by the bank, are among its most sought-after and prominent events that are keenly sought after 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.