Afreximbank President and Chairman of Board, Professor Benedict Oramah, has been awarded Forbes Person of The Year in recognition of his numerous contributions to African Development. This award is coming on the heels of Oramah’s epic performance at the third IATF in Cairo.
The bank has been largely considered as many things for the African economy. His Intra-African Trade Initiative, which is driven by Kanayo Awani, has been considered the biggest innovation by any development finance institution in the world. Oramah has really demonstrated very sharp leadership qualities now considered quite innovative.
At a well-attended award ceremony in Cairo, which also included the unveiling of the cover for Forbes Africa’s December 2023/January 2024 edition featuring Mr Oramah as cover personality, Mr Rakesh Wahi, Forbes Africa Founder and Publisher, and Ms Roberta Naicker, Managing Director, said that the award recognised the stellar accomplishments of leading Africans contributing to the development of the continent.
“With a career spanning three decades at Afreximbank, Prof. Benedict Oramah is a true pan-Africanist,” said Ms Renuka Methil, Managing Editor of Forbes Africa, “In our almost hour-long interview Prof. Oramah’s stellar track record, coupled with his unbridled enthusiasm, passion, and contribution to the economic development of Africa shone through.”
“Amongst many initiatives under his visionary leadership, Afreximbank launched the Pan-African Payment and Settlement System (PAPSS) which will be a historic project for cross-border payments in local African currencies. He is a resilient risk-taker and articulated so well what a new united Africa should, and would, look like,” added Ms Renuka Methil.
Nominations for Forbes Africa Person of The Year are submitted by members of the magazine’s editorial and research teams, including journalists from its bureaus across Africa, and a winner is selected after an Africa-wide review of the prominent contributors to the continent.
Mr Oramah’s name was shortlisted and unanimously adjudged the winner for 2023.
With the award, Mr Oramah joins a prestigious list of high achievers who had previously received the award, including Mr Sanusi Lamido Sanusi, former Governor of the Central Bank of Nigeria; Mr James Mwangi, CEO, Equity Group; Mr Akinwumi Adesina, President, African Development Bank (AfDB); Mr Aliko Dangote, CEO, Dangote Group; Mr Mohammed Dewji, President, MeTL Group; and Mr Thuli Madonsela, former Public Protector of South Africa.
On November 18, Mr Oramah also received the Zik Prize in Professional Leadership at an event in Lagos, Nigeria. He is also the recipient of numerous other awards for his contributions to the development and promotion of trade in Africa, and for the many initiatives he has championed to drive intra-African trade.
