Samaila Zubairu of Africa Finance Corporation (AFC) Succeeds Prof. Benedict Oramah of Afreximbank to Lead the Alliance of African Multilateral Financial Institutions (AAMFI)
The alliance of African Multilateral Financial Institutions (AAMFI), also known as the African Club, has announced appointments Samira Suppliers As the new chairman.
Mr. Zubairu, President and CEO of African Finance Corporation (AFC), succeeds AAMFI’s founding chairman, professor. Benedict OlamaChairman and Chairman of the Board of Directors of African Export International Bank (AFREXIMBANK). His appointment was confirmed at the fifth meeting of the AAMFI ruling committeeTh February 2025, at 38Th African Union Summit in Addis Ababa.
also, Dr. Corneille Karekezi, Group Managing Director and CEO Africa Re and Mr. Manuel MosesThe CEO of the African Trade and Investment Development Insurance Company (ATIDI) has been appointed as the first and second vice chairs of the AAMFI Council.
Founded in 2024, AAMFI brings together Africa’s leading multilateral financial institutions to promote sustainable economic growth and financial self-reliance on the continent. The alliance plays a key role in strengthening in-house cooperation, mobilizing capital development, and advocating for Africa’s economic interests at the global stage.
Under Professor Olama’s leadership, AAMFI has made great progress, including the successful launch of the African head of state in February 2024, adopting its ruling charter, enrolling 3 new members: the Export Fund for Africa (FedA), the African Solidarity Fund The Foundation (ASF) and the East African Development Bank (EADB) have increased their members from seven founding members to ten members.
Professor Olama’s leadership also saw recognition of AAMFI by major organs and stakeholders in Africa and the successful promotion of the alliance’s visibility, highlighting its key role in discussions around multilateral and development finance in Africa.
“I want to thank the leadership of AAMFI for entrusting me with this task. Looking back on our achievements, I remember the great potential and responsibility for the future. AAMFI has laid a solid foundation for financial sovereignty in Africa, but there is still a lot to do. Do. I believe that under the leadership of Mr. Samala Zubairu, Africa will continue to promote influential cooperative and innovative financial solutions to accelerate the economic transformation of Africa,” Professor Olama said in a statement at the handover ceremony. “
As Chairman, Zubairu will drive cooperation growth by strengthening partnerships between member institutions, African governments and global institutions to build a strong financial system structure. His agenda ensures the empowerment of youth through industrialization, financial literacy and pension reform, strategic investment in infrastructure, and the development of capital markets to enhance liquidity and intra-African investment. He will also advocate cross-border capital mobilization and early warning systems to prevent financial vulnerabilities and ensure Africa’s economic resilience and long-term prosperity.
Zubaru said in accepting the 2025 AAMFI chairperson: I am honored to be the chairman of AAMFI at a critical moment in Africa’s economic transformation. Our collective mission is clear – to build a strong financial system that captures and retains value within the continent, mobilizes African priorities for African capital, and accelerates the development of industrialized infrastructure. By fostering deeper internal collaboration and strengthening our institutions, we will unlock opportunities to create high-quality work, drive innovation and ensure long-term economic resilience. I look forward to working with my respected colleagues to provide Africa with a path to true financial sovereignty and sustainable prosperity. ”
Mr Zubaru’s leadership over the AFC has been key to mobilizing Africa’s infrastructure, industrialization and trade capital since 2018. The AFC leads some of the most important infrastructure projects on the mainland, including leaf,,,,, Africa’s largest railway projects and transformative renewable energy programs, e.g. The Lekela Power and Red Sea Power Wind Kinen Kinenenty project along with Xlinks, which will be exported to Europe from the Sahara Desert. Under his management, the AFC’s assets have doubled to $15 billion and expanded its membership from 18 countries to 44, accounting for 80% of African countries.
Members praised Professor Olama for his successful leadership and tenure and committed to Mr. Zubaru’s commitment and support for a successful year as the new president of AAMFI.
AAMFI members include AFC, AFREXIMBANK, Trade and Development Bank Group (TDB Group), African Reinsurance Company (Afrique RE), African Trade and Investment Development Insurance (ATIDI), Shelter Afrique Development Bank (SHAFDB), ZEP RE (PTA Reinsurance Company) , East Africa Development Bank (EADB), African Solidarity Fund (ASF) and African Export Development Fund (Feda).
Distributed by Apo Group on behalf of the African Financial Corporation (AFC).
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About aamfi:
The African Multilateral Financial Institutions (AAMFI) alliance is a coalition of Africa and controlled African Multilateral Financial Institutions (AMFIS), which was established to promote the interests of its African member states and aims to promote their interests in global finance. and advocate the role of AMFI in protecting Amfi in protecting AMFI and promote them. AAMFI’s mission is to promote cooperation, cooperation and coordination among its members in the search for solutions aimed at promoting and supporting the sustainable economic development and integration goals of Africa, which is in line with the respective mandates of member institutions and promote their development. Target.
Founding members of AAMFI include African Financial Corporation (AFC); African Export Foreign Bank (Afreximbank); Trade and Development Bank Group (TDB Group); African Reinsurance Corporation (African RE); African Trade and Investment Development Insurance (ATIDI), Shuther Afrique Development Bank (SHAFDB); and Zep-RE (PTA Reinsurance). The East African Development Bank (EADB), the African Solidarity Fund (ASF), and the African Export Development Fund (FedA) are the latest membership qualifications of the alliance.
The alliance was launched in collaboration with the African Union Commission No. 17Th February 2024 in Addis Ababa, Ethiopia. Over the past few decades, AAMFI members have grown, with a collective balance sheet of over $70 billion, specifically targeting key trade, investment and development gaps across the continent.
