Afreximbank's executive vice president of Intra-African Trade Bank, Kanayo Awani, has been elected to the Executive Committee (EXCOM) of FCI. FCI is the global representative body for the factoring, invoice financing, and asset-based lending industry. Awani was elected at FCI's 55th Annual Meeting in Marrakech, Morocco on the second of November 2023 to represent FCI's Affiliate Members. Her candidacy was supported by Afreximbank, and she was selected alongside Ms. Doaa Hafez, General Manager and Head of Technical Functions at Egypt Factors. This marks the second time two delegates from Africa are elected into the FCI Executive Committee. Their election reinforces Africa's position in the world's leading factoring body. It is also a recognition of the African market and its importance. "I'm honoured to contribute in shaping FCI's strategy for the increasingly important African market," Awani said. She also said that this will help her "serve as a valuable resource for FCI Members seeking to enter the African market; provide the trust and confidence emerging African Factors require at the early stages of factoring and thereby continue to help boost the overall FCI global influence and membership,".
