The Minister of finance and Economic Planning Claver Gatete was today elected chair of Afrexim Bank Annual General Meeting of shareholders for the year 2017-18. The event took place during a closed door session where the board of governors discussed the banks financial position and future strategies.
Minister Gatete new responsibility will see him oversee the follow up of the shareholder’s implementation strategies and plans.
“As the new chair my job will be to ensure that the bank continues to move in the right direction. So far, the bank is in good shape and I intend to keep it that way,” He said. Minister Gatete will be the chairman of the shareholders for a period of One year.
Afrexim bank president Dr. Benedict Oramah noted that the bank’s shareholders considered all financial issues and concluded that the bank was doing well. Dr. Oramah noted that the bank plans to raise US$ 10 billion by 2021 in a bid to boost investments on the continent.
“We are interested in catalyzing foreign direct investments. If we put this fund together, we will leverage to attract other investors.