AFRICA – Sola Yomi-Ajayi, the Chief Executive Officer, of United Bank of Africa’s operations in the USA, has been appointed to the Export-Import Bank of the United States (US EXIM) committee on Sub-Saharan Africa for 2020/2021.
The US EXIM Bank, is an independent federal agency that promotes and supports American jobs, by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers.
According to a statement released by United Bank of Africa (UBA), M/s Yomi-Ajayo will serve at the US Exim Bank’s advisory committee on Sub-Saharan Africa for a period of 1 year.
UBA’s Group Chairman, Tony O. Elumelu, stated that the appointment is a recognition of the role UBA has played over decades in promoting, and supporting large and small businesses in the 20 African countries where it has subsidiaries.
“UBA’s global network of offices 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,” Mr. Elumelu said.
The US EXIM President and Chairman, Kimberly A. Reed, on his part congratulated Yomi-Ajayi and the other appointees for joining the advisory committee.
President and Chairman
Established by the US congress, the Sub-Saharan Africa Advisory Committee provides guidance and advice regarding US EXIM policies and programs that are designed to support the expansion of financing for US manufactured goods and services in Sub-Saharan Africa.
The committee comprises of notable individuals of the US business community, and Yomi- Ajayi is the sole representative from an African institution.
UBA USA where Yomi-Ajayi serves, is the only Sub-Saharan African deposit taking institution regulated in the United States.
The bank also provides a unique portfolio of banking solutions to corporates, governments, multilaterals, and development organizations transacting with Africa.