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Obasanjo, Mbeki to speak on Africa’s instability
 
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Tue, 19 May 2015   ||   Nigeria,
 

No less than three former African Presidents are expected at activities marking the 22nd Annual General Meeting of Shareholders of the African Export-Import Bank, scheduled to take place in Lusaka between June 10 and 13, according to a programme of events released by the bank.

In a statement issued on Monday in Cairo, Egypt, by Afreximbank’s spokesperson, Mr. Obi Emekekwu, and made available to our correspondent, former Presidents Olusegun Obasanjo of Nigeria, Thabo Mbeki of South Africa and Joaquim Chissano of Mozambique are expected to speak on the risks posed by the resurgence of political uncertainties and insecurity in Africa during a panel discussion on June 11.

The discussion by the former presidents, the bank said, would form part of meetings and seminars of the Advisory Group on Trade Finance and Export Development in Africa, being organised by Afreximbank on the sidelines of the AGM.

Emekekwu added that other panels would look at different themes related to Africa’s economic growth and integration, including “African direct investment as a source of long-term finance for export diversification and development” and the “Impact of recent adverse shocks on Africa’s growth prospects.”

The speakers will include Justin Lin, a former World Bank Chief Economist, and a Professor of Economics at the China Centre for Economic Research and National School of Development, Peking University, China, as well as ministers, business leaders, political leaders, heads of financial institutions and Central Bank governors from across Africa and beyond.

“They will be joined by high-level representatives of the Zambian government and experts in African trade finance.

“An investment forum and a trade exhibition as well as meetings of various committees of Afreximbank’s Board of Directors will also be held as part of the activities during the Annual General Meeting,” the statement said.

A key highlight of the AGM will be the appointment of a new President to take over from Jean-Louis Ekra, the current President of the Afreximbank whose tenure comes to an end this year.

Afreximbank, with an authorised capital of $5bn, has four classes of shareholders.

It said, “Class “A” comprises African governments, central banks and regional and sub-regional institutions while Class “B” consists of African private investors and African financial institutions.

“Class “C” is made up of non-African financial institutions, export credit agencies and private investors while Class “D”, created in December 2012, is a category under which any person or entity can be allotted shares.

The AGM is held each year to take stock of the bank’s activities during the year reported

 

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