Afreximbank appoints Emmanuel Assiak as acting CEO of FEDA

Afreximbank, also known as the African Export-Import Bank, has recently appointed Emmanuel Assiak as the acting CEO of the Fund for Export Development in Africa (FEDA). FEDA is a subsidiary of Afreximbank and plays a crucial role in supporting businesses by providing development capital to enhance trade opportunities across the African continent. Assiak, who previously served as the investment director at FEDA, brings a wealth of experience and market knowledge to his new position. In a recent interview with CNBC Africa, Assiak discussed his new role and FEDA's objectives moving forward. He highlighted the importance of supporting small and medium enterprises (SMEs) and the impact of the Africa Continental Free Trade Area (AfCFTA) on FEDA's work. Assiak emphasized the need to focus on human capital development and address key challenges facing African businesses post-COVID-19. As FEDA prepares to actively deploy capital into opportunities in the marketplace and engage with the international financing community, Assiak shared insights into the strategies and goals that will drive FEDA's success in the coming years. With a focus on promoting intra-African trade and supporting businesses across the continent, FEDA is poised to play a pivotal role in advancing economic development in Africa.