Nwugo appointed Head of Afreximbank Southern Africa Regional Office

By InstinctBusiness Feb 25, 2019 0

The African Export-Import Bank (Afreximbank) has appointed Humphrey Nwugo as Regional Chief Operating Officer for its Harare-based Southern Africa Regional Office.

Mr Obi Emekekwue, Director and Global Head of Communications and Events Management in Afreximbank, said this in a statement recently in Lagos.

Emekekwue said Nwugo would be responsible for driving Afreximbank’s business development activities in trade projects and export development finance at the regional level in Southern Africa.

According to him, his role includes managing the bank’s operations in Angola, Botswana, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Zambia and Zimbabwe.

Before his appointment, he was Senior Manager, Syndications, at the bank’s headquarters in Cairo. He joined the bank in January 2010 as Manager, Banking Operations.

He said Nwugo had previously served at Intercontinental Bank Plc; Lagos, as Deputy Manager/Head, Financial Advisory, Corporate Finance Department, from 2007 to 2009.

“He was also Senior Assistant Manager, Real Estate Finance, Agriculture and Export Finance, Mortgage and Consumer Credit, from 2003 to 2007 at Zenith Bank Plc; Lagos.

Mr. Nwugo also worked, as Assistant Banking Officer, Corporate Finance, at Citizens International Bank Limited, Lagos, from 2000 to 2003.

The new Regional Chief Operating Officer received his MBA from the University of Leicester in the United Kingdom and a Bachelor of Science in accounting from the University of Calabar, Nigeria.

He is a member of the Chartered Management Institute, United Kingdom, and the Institute of Chartered Accountants of Nigeria. He is also an Associate Chartered Accountant.

Afreximbank is the foremost pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade.

The bank was established in October 1993 by African governments, African private and institutional investors, and non-African investors. Since 1994, it has approved more than $67 billion in credit facilities for African businesses, including $7.2 billion in 2018.

Afreximbank has a total asset of $11.9 billion as at Dec. 31, 2017, and is rated BBB+ (GCR), Baa1 (Moody’s), and BBB-(Fitch).