The President of the African Export-Import Bank (Afreximbank), Dr. Benedict Oramah, has been named winner of the Industry Ambassador of the Year award at the inaugural Receivables Finance International (RFIx) Awards 2018 held in London.
In a citation at the 14 March ceremony, which bought together international players to celebrate major achievements in global receivable finance and to recognise industry success, the organisers said that Dr. Oramah was selected for meeting the criteria of being “an individual who is considered to have done more than any other to promote, develop and enhance the reputation, economic role and status of the industry”.
The organisers said that award winners had been carefully selected by a judging panel in an independent process and that the judges felt that Dr. Oramah’s work had always been in the interest of the global receivable finance industry.
Dr. Oramah had “been at the forefront of developing receivable finance products especially, in Africa, which is a critical market for the growth of the business in this industry,” they said. “He approaches his work with incredible enthusiasm no matter the challenges.”
In the words of one judge, “When one thinks of factoring in Africa, only one name comes to mind: Dr Oramah”.
Humphrey Nwugo, Afreximbank’s Acting Regional Chief Operating Officer for Southern Africa, and Remmy Nwachukwu of the Bank’s Anglophone West Africa Regional Office, received the award on behalf of the President.
The award ceremony was held as part of the 2018 Receivables Finance International Convention which took place in London on 14 and 15 March.
Eleven other awards were handed out during the ceremony, recognising companies involved in the receivables finance ecosystem, including, banks, non-banks, technology companies, fintechs, consultancies and legal advisors.