The African Export-Import Bank (Afreximbank) has announced the appointment of Ms. Marlene Ngoyi as the Chief Executive Officer (CEO) of the bank’s development-oriented subsidiary, Fund for Export-Development in Africa (FEDA).
The pan-African multilateral financial institution has also appointed Mr. Emmanuel Assiak as the Chief Investment Officer for FEDA.
This disclosure is contained in a statement signed by Afreximbank’s Media Contact, Amadou Sall, on Friday in Abuja and can be seen on the bank’s website.
About Ngoyi
- This has helped her raise multi-billion-dollar debt, bonds, equity, quasi-equity, and foreign direct investment via bank syndication, capital markets, or private equity transactions to finance strategic investments.
- It stated that Ngoyi also served as the CEO of BGFI Investment Banking, where she led the company in raising more than $4 billion of capital and foreign direct investment for private and sovereign clients.
- Additionally, she was CEO of a commercial bank in the DRC for two years, leading a financial turnaround by restoring its financial profitability. It also stated that under her leadership, the bank also became one of a select few banks in sub-Saharan Africa to complete and obtain anti-money laundering (30,000) certification for combating money laundering and terrorist financing.
- Ngoyi graduated Magna cum Laude from Bentley University with a B.Sc. Economics and Finance and holds a Master in Business Administration from Harvard Business School.
What you should know
- Afreximbank is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. It deploys innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa.
- A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that the African Union adopted (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA.