Three former African presidents will attend a meeting of the African Export-Import Bank (Afreximbank) scheduled to be held in Lusaka, discussing risks posed by the resurgence of political uncertainties and insecurity in Africa, the bank said on Tuesday.

Africa Map
Africa Map

Former Nigerian President Olusegun Obasanjo, former South African President Thabo Mbeki and former Mozambican President Joaquim Chissano are expected to speak on the risks in Africa during the meeting to be held from June 10 to June 13, according to a statement emailed to Xinhua.
The discussion by the former African leaders will form part of meetings and seminars of the Advisory Group on Trade Finance and Export Development in Africa being organized by Afreximbank on the sidelines of the bank’s 22nd annual general meeting, the statement added.
The statement further said other panels will 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.
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 meeting, the statement added.
Afreximbank, with an authorized capital of five billion U.S. dollars has four classes of shareholders namely Class A which comprises of African governments, African central banks and African 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 is a category under which any person or entity can be allotted shares.
The Cairo-headquartered bank is the foremost pan-African multilateral financial institution devoted to financing and promoting intra and extra African trade. Enditem

-Xinhua

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