The Chief Executive Officer of United Bank for Africa’s operations in the USA, Sola Yomi-Ajayi, has been appointed to the Export-Import Bank of the United States (US EXIM) committee on Sub-Saharan Africa for 2020/2021.
This was contained in a statement on UBA’s website.
The Sub-Saharan Africa Advisory Committee, established by the US congress, provides guidance and advice regarding US EXIM policies and programs designed to support the expansion of financing for US manufactured goods and services in Sub-Saharan Africa.
The committee, it was gathered, comprises of notable individuals of the US business community, with Yomi- Ajayi being the sole representative of African institution.
UBA USA is the only Sub-Saharan African deposit taking institution regulated in the United States, and provides a unique portfolio of banking solutions to corporates, governments, multilaterals, and development organizations transacting with Africa.
The bank also assists in trade finance, treasury, foreign exchange, transaction management, and lending, drawing on UBA’s 70-year-old heritage and unique Pan-African network.
Speaking on the appointment, UBA’s Group Chairman, Tony O. Elumelu, stated that it is a recognition of the role UBA has played over decades in promoting, and supporting large and small businesses in all its 20 countries of operations in Africa.
The appointment of Sola, as a member of the US EXIM Advisory Committee for Sub-Saharan Africa is a welcomed news. UBA’s global network of offices in New York, London, and Paris permits us to be the preferred financial intermediary between Africa and the rest of the world. Our mission at UBA is fully aligned with the objectives of the US EXIM.
Meanwhile, the US EXIM President and Chairman, Kimberly A. Reed, who congratulated Yomi-Ajayi and the other appointees said:
With six of the 10 fastest-growing economies in the world and more than one billion consumers, Africa is poised to play a pivotal role in the global economy.
Supporting US exports to sub-Saharan Africa is one of our top priorities at EXIM, and my deepest congratulations goes to the new members of the EXIM Sub-Saharan Africa Advisory Committee.
Other new appointees into the committee are:
Daniel Runde, as Chairman of the committee
Derek Campbell, CEO, Energy and Natural Resource Security Inc
Scott Eisner, Senior VP, African Affairs, U.S. Chamber of Commerce
Rebecca Enonchong, Founder and CEO, AppsTech
Lori Helmers, Executive Director/Americas Export Finance Head, JPMorgan Chase Bank
Florizelle Liser, President and CEO, Corporate Council on Africa
Mima Nedelcovych, Chairman, Africa Global Schaffer
EE Okpa, Principal, The OKPA Co
Marise Duff Stewart, Director, Customer and Industry Relations, Progress Rail – a Caterpillar company
Paul Sullivan, President, International Business, Acrow Bridge.