FORBES AFRICA magazine 2023 Person of the Year is Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank).
The honour was given out during an award ceremony in Cairo, Egypt, according to a release. The December 2023/January 2024 edition of FORBES AFRICA, with Prof. Oramah on the cover, was unveiled at the award ceremony.
Together with Roberta Naicker, Managing Director, Dr. Rakesh Wahi, Founder and Publisher of FORBES AFRICA, emphasised that the award recognises the accomplishments of exceptional Africans committed to the development of the continent.
Prof. Benedict Oramah is a true pan-Africanist, according to Renuka Methil, Managing Editor of FORBES AFRICA, who highlighted his three-decade tenure at Afreximbank.
Methil highlighted in an interview Prof. Oramah’s remarkable record, unbridled energy, passion, and noteworthy contributions to the economic advancement of Africa.
Methil went into additional detail about Oramah’s innovative leadership, pointing out that one of the most significant cross-border payment initiatives in local African currencies was the introduction of the Pan-African Payment and Settlement System (PAPSS).
She praised his boldness in taking risks and his well-articulated plan for a united Africa.
What you should know about Benedict Oramah, President of Afreximbank
The editorial and research teams of the magazine, which includes journalists from several African bureaus, submit nominations for the FORBES AFRICA Person of the Year.
Following a thorough evaluation of notable contributors from throughout Africa, Prof. Oramah was declared the unanimous winner for 2023.
Prof. Benedict Oramah joins a distinguished list of previous recipients of this honour that includes Dr. James Mwangi, CEO of Equity Group; Aliko Dangote, CEO of Dangote Group; Mohammed Dewji, President of MeTL Group; Thuli Madonsela, former Public Protector of South Africa; and Sanusi Lamido Sanusi, former Governor of the Central Bank of Nigeria.
President Oramah received two honours in November: the Zik Prize in Professional Leadership and the FORBES AFRICA Person of the Year award.
Afreximbank has been leading notable projects under his direction. For instance, the bank recently signed a $150 million trade finance facility agreement, under the Ukraine Crisis Adjustment Trade Financing Programme for Africa with United Bank for Africa.