CNPS Director General appointed Afreximbank board member.

His appointed was confirmed during the 31^st Annual General Meeting, AGM, of Afeximbank, which took place in Nassau, The Bahamas recently. 

The 31^st AGM also coincided with the third edition of the AfriCaribbean Trade and Investment Forum, ACTIF.

Mekulu Mvondo’s appointed was officially made public July 4, on the bank’s website. 

The institution wrote: “Afreximbank is pleased to announce the following Board changes, which took place at the Bank’s 31^st Annual General Meeting, held recently in Nassau, The Bahamas…Mr. Noël Mekulu Mvondo Akame was elected to replace Mr. Jean-Marie Mani”.

Mani, whom the CNPS DG has replaced, joined the Afreximbank board in 2016 as a Class B Director. Other board members in this category are; Victor Nembelessini-Silué from Côte d'Ivoire, John Mangudya from Zimbabwe and Kee Chong LI Wong Wing from Mauritius.

Other appointments to the Board of Directors include; Lydia Shehu Jayifa of Nigeria, who replaced her compatriot Aliyu Ahmed, and Yu Wen of China, who replaced Lili Yang as representative of the Export-Import Bank of China, Cexim among others.

The Chairman of Afreximbank, Benedict Oramah, expressed satisfaction with the appointment of the new Board members. He expressed hope that they will do great work together.

“We welcome our new Board members. We are counting on their support and knowledge in our efforts to build a prosperous global Africa. Together, we will restore dignity and pride to Africans around the world,” Oramah said.

About CNPS boss

Mekulu Mvondo, renowned for his rigour and leadership skills has been head of CNPS since 2008. 

According to him, he has in 14 years been able to reduce operating expenses by 70%, leading to a 252% increase in net income.

In one of his outings, he revealed that since his arrival at the helm of CNPS, pension has risen by 165%, from FCFA 154,000 to fcfa409,000, while the average pension rose by 101% from FCFA 52,000 to FCFA 105,000.

Similarly, in 2016 the rate of social security contributions rose from 7% to 8.4% and the contribution ceiling in the country rose from FCFA 300,000 to FCFA 750,000.

A graduate of the National Advanced School of Administration and Magistracy popularly known by its French acronym ENAM, Mekulu Mvondo, observers have said, will undoubtedly make  valuable contribution to decision-making on the Afreximbank Board of Directors.

About Afreximbank

African Export-Import Bank is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. 

For 30 years, the Bank has been deploying 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.

The pan-African institution, a stalwart supporter of the African Continental Free Trade Agreement, AfCFTA, is committed to strengthening its operations on the African continent.

This story was first published in The Guardian Post issue No:3162 of Monday July 8, 2024