Afreximbank announces sad passing of erstwhile FCI (Africa Chapter) Executive member – Mr Gamal Moharam

Afreximbank announces sad passing of erstwhile FCI (Africa Chapter) Executive member – Mr Gamal Moharam

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) regrets to announce the recent passing of Mr. Gamal “Jimmy” Moharam after a protracted illness.  Until his demise, Mr. Moharam was the former Chairman of the Egyptian Factoring Association, former Chairman&Managing Director of Cairo Factors (June 2013 – April 2022), leading executive member of the FCI Africa Chapter Executive Committee and member of the FCI Ambassador programme. He was also founding member and past President of the American Chamber of Commerce (AmCham) Egypt. Mr. Moharam played a pivotal role in the development and growth of factoring in Egypt notably advising and guiding prospective and new factoring companies and working with regulators to create a favourable climate for factoring to thrive in Egypt. Together with the Bank, FCI and other stakeholders, he co-organised and spoke at several factoring events in Egypt and beyond. The success of factoring in Egypt allowed many SMEs to access affordable finance that  fuelled immense growth. As a result of his dedication, hard work and discipline, factoring companies and volumes grew significantly in Egypt. In addition, he was extremely involved in driving Afreximbank’s factoring strategy in the areas of financial intervention, legal and regulatory framework, awareness creation&capacity building, strategic partnerships and