AFREXIMBANK : Central African Regional Office in Yaounde

The office of the African Export- Import Bank (AFREXIMBANK) for the Central Africa Sub-region is henceforth in Yaounde, Cameroon following the headquarters agreement the government of Cameroon signed with authorities of the bank on December 13, 2019. Prime Minister, Head of Government, Chief Joseph Dion Ngute chaired the ceremony at the Star Building. The agreement was signed for Cameroon by the Minister of External Relations, Lejeune Mbella Mbella and for AFREXIMBANK by its President and Chairman of the Board of Directors, Professor Benedict Okey Oramah.

Speaking during the occasion, Prime Minister Dion Ngute said the choice of Yaounde to host the Central African office of AFREXIMBANK was a great honour for the country and proof of the vibrant economy of Cameroon and its strategic position in the sub-region. Government’s commitment to facilitate the establishment of the bank was translated through the Memorandum of Understanding signed during the occasion. Giving details, the Prime Minister said that following the terms of the MOU, government will provide the bank with a building to host the office for two years and also provide two pieces of land for the construction of the head office and permanent premises. Prime Minister Dion Ngute rejoiced that the establishment of the office in Yaounde will make the city the hub of economic activities of the Economic Community of Central African States (ECCAS).

The Board Chairman of the AFREXIMBANK, Prof. Okey Oramah said the signing of the headquarters agreements for the Central Office in Yaounde made the institution to be present in the entire continent. As to office, he said, “The regional offices of the AFREXIMBANK are the instrume...