The Alliance of African Multilateral Monetary Establishments (AAMFI), also referred to as the Africa Membership, has introduced the appointment of Samaila Zubairu as its new Chairperson.
Mr. Zubairu, President and CEO of the Africa Finance Company (AFC), succeeds AAMFI’s founding Chair, Prof. Benedict Oramah, President and Chairman of the Board of Administrators of African Export-Import Financial institution (Afreximbank). His appointment was confirmed on the fifth assembly of the AAMFI Governing Council on 16th February 2025, on the sidelines of the 38th African Union Summit in Addis Ababa.
Moreover, Dr Corneille Karekezi, Group Managing Director and CEO Africa Re Company (Africa Re) and Mr Manuel Moses, Chief Government Officer of the African Commerce&Funding Growth Insurance coverage (ATIDI), had been appointed as the primary and second Vice Chairpersons of the AAMFI Governing Council, respectively.
Established in 2024, AAMFI brings collectively Africa’s main multilateral monetary establishments to advertise sustainable financial progress and monetary self-reliance for the continent. The Alliance performs a important function in strengthening intra-African collaboration, mobilising capital for improvement, and advocating for Africa’s financial pursuits on the worldwide stage.
Beneath Prof. Oramah’s management, AAMFI made vital strides, together with its profitable launch by African Heads of State in February 2024, the adoption of its governing Constitution, the admission of three new members: Fund for Export Growth in Africa (FEDA), African Solidarity Fund (ASF), and East African Growth Financial institution (EADB), rising its membership from seven founding members to a complete of ten members.
Prof. Oramah’s management additionally noticed the endorsement and recognition of AAMFI by key African Union organs and stakeholders, in addition to profitable elevation of the profile of the Alliance highlighting its key function in shaping discussions round African multilateral and improvement finance.
“I wish to thank the management of AAMFI for entrusting me with this mandate. Trying again at what now we have achieved, I’m reminded of the immense potential and accountability that lies forward. AAMFI has laid a powerful basis for Africa’s monetary sovereignty, however there’s nonetheless far more to be executed. I’m assured that beneath the management of Mr. Samaila Zubairu, the Africa will proceed to drive impactful collaborations and progressive monetary options to speed up Africa’s financial transformation,” mentioned Prof. Oramah, in his assertion throughout the handover ceremony. “
As Chair, Zubairu will drive collaborative progress by strengthening partnerships amongst member establishments, African governments, and world businesses to construct a sturdy monetary structure. His agenda prioritizes youth empowerment by industrialization, monetary literacy, and pension reforms, strategic investments in infrastructure, and creating capital markets to reinforce liquidity and intra-African funding. He may also advocate for cross-border capital mobilization and early warning techniques to forestall monetary vulnerabilities, making certain Africa’s financial resilience and long-term prosperity.
Whereas accepting the Chairmanship of the AAMFI for 2025, Mr Zubairu mentioned: I’m deeply honored to imagine the chairmanship of AAMFI at this pivotal second for Africa’s financial transformation. Our collective mission is obvious—to construct a sturdy monetary structure that captures and retains worth throughout the continent, mobilizes African capital for African priorities, and speed up the infrastructure improvement that permits industrialization. By fostering deeper intra-African collaboration, and strengthening our establishments, we’ll unlock alternatives that create high-quality jobs, drive innovation, and safe our long-term financial resilience. I sit up for working with my esteemed colleagues to chart a path towards true monetary sovereignty and sustainable prosperity for Africa.”
Mr. Zubairu’s management of AFC since 2018 has been pivotal to mobilising capital for infrastructure, industrialization and commerce throughout Africa. AFC leads a number of the continent’s most important infrastructure initiatives, together with the Lobito Hall, Africa’s largest rail mission, and transformative renewable power initiatives such because the Lekela Energy and Purple Sea Energy wind technology initiatives, and Xlinks, which is about to export electrical energy from the Sahara to Europe. Beneath his stewardship, AFC has doubled property invested to $15 billion, and expanded membership from 18 nations to 44, representing 80% of African nations.
Members recommended Prof. Oramah on his profitable management and tenure and pledged their dedication and assist in the direction of a profitable 12 months for Mr Zubairu as the brand new Chairperson of AAMFI.
AAMFI members embody AFC, Afreximbank, Commerce and Growth Financial institution Group (TDB Group), African Reinsurance Company (Africa Re), African Commerce and Funding Growth Insurance coverage (ATIDI), Shelter Afrique Growth Financial institution (SHAFDB), ZEP-RE (PTA Reinsurance Firm), East African Growth Financial institution (EADB), African Solidarity Fund (ASF), and the Fund for Export Growth in Africa (FEDA).
Distributed by APO Group on behalf of Africa Finance Company (AFC).
For additional info, please contact:
communications@aamfi.africa
About AAMFI:
The Alliance of African Multilateral Monetary Establishments (AAMFI) is an alliance of African-owned and managed African Multilateral Monetary Establishments (AMFIs), which was established to advance the pursuits of their African member states in world finance and to advocate for AMFI’s function in defending and selling them. AAMFI’s mandate is to advertise collaboration, cooperation, and coordination amongst its members to find options aimed toward selling in addition to supporting Africa’s sustainable financial improvement and integration aims, in keeping with member establishments’ respective mandates and in furtherance of their improvement aims.
AAMFI’s founding members embody Africa Finance Company (AFC); African Export-Import Financial institution (Afreximbank); Commerce and Growth Financial institution Group (TDB Group); African Reinsurance Company (Africa Re); African Commerce and Funding Growth Insurance coverage (ATIDI), Shelter Afrique Growth Financial institution (SHAFDB); and ZEP-RE (PTA Reinsurance Firm). East African Growth Financial institution (EADB), the African Solidarity Fund (ASF), the Fund for Export Growth in Africa (FEDA) are the Alliance’s newest addition to the membership.
The Alliance was launched in collaboration with the African Union Fee on the 17th of February 2024 in Addis Ababa, Ethiopia. AAMFI members have matured over the previous many years, with a collective steadiness sheet of over US$70 billion deployed particularly to deal with the important commerce, funding and improvement gaps throughout the continent.
