Afreximbank President and Chairman Dr George Elombi has called for a reform of the global financial architecture, arguing that current rules unfairly disadvantage African institutions.

• Dr George Elombi, President and Chairman of Afreximbank, stated that rules for development banks were designed for a different era and treat Africa as incapable.
• African leaders, including President William Ruto, are pushing for reforms in the global credit system, which has cost African nations an estimated $75 billion due to subjective credit ratings.
• Dr Elombi highlighted that promises of callable capital from traditional lenders are weighed more heavily than the actual paid-in capital from African states, a situation he frames as an issue of ownership rather than creditworthiness.