Afreximbank’s Fourth Annual Babacar Ndiaye Lecture: Africa and the Remaking of the New World Order

– Keynote speaker at this year’s Babacar Ndiaye Lecture is China expert Professor Kishore Mahbubani

– Lecture will focus on the future of Africa in the emerging multipolar world order 

– Lecture will also discuss what Africa can learn from Asia and how to reposition itself in the new world order

CAIRO, Egypt, October 20th, 2020, -/African Media Agency (AMA)/- Now in its fourth edition, the Babacar Ndiaye Lecture that will take place today, brings together leaders in the public and private sectors, think tanks, academia and the general public to engage with one of the most thought-provoking speakers in the world today. 

This year’s keynote speaker is Professor Kishore Mahbubani, the foremost expert on China and the author of several books including the latest published this year “Has China Won?” and “Has the West Lost It?”. Mahbubani was with the Singapore Foreign Service for 33 years. He had postings in Cambodia, Malaysia, Washington DC and New York, where he served twice as Singapore’s Ambassador to the UN and served as President of the UN Security Council in January 2001 and May 2002.

A regular on international news networks, he is known for his strategic thinking and candour. In his latest book, he implies that the West is misreading China and has been quoted as saying that “many developed countries are now facing the prospect of secular stagnation.” In his writings and public appearances, Professor Mahbubani has made the case that the balance of power has been shifting from the West to the East and, that the Coronavirus pandemic has the potential to accelerate this change.

Dr Hippolyte Fofack, Chief Economist at Afreximbank said that “in a world that is changing, with ever greater uncertainty and complexity, it is more important than ever to understand the current geopolitical shifts and discern where the trends are pointing to.” 

The event will also include opening remarks by Professor Benedict Oramah, President and Chairman of the Board of Directors, Afreximbank; a tribute to Dr Babacar Ndiaye by his former colleague, Mrs. Arunma Oteh, Vice President Corporate Services, African Development Bank (2006-2009), Vice President & Treasurer, World Bank Group (2015-2018) and currently Professor at Oxford University, UK; and a Question and Answer session. 

The event promises to offer an insightful and provocative look into global geopolitics and the ways into which Africa could position itself to take advantage of the current dynamics.

The Babacar Ndiaye Lecture series, launched by Afreximbank 4 years ago, honours the founding role of the late Dr Babacar Ndiaye played in the establishment of Afreximbank. As President of the African Development Bank from May 1985 to August 1995, he is credited with championing the Africa’s economic growth and progress. Describing Dr Ndiaye, President Oramah had this to say: “Dr Ndiaye saw tomorrow and pursued his vision with vigour undeterred by numerous obstacles. This is what the lecture series aims to achieve, to help us strengthen our vision for Africa and help us navigate the turbulent water.” 

Speakers at previous Babacar Ndiaye lectures include Professor Joseph Stiglitz, the 2001 Nobel Laureate in Economics and Columbia University Professor, Columbia University, Professor Jeffrey D. Sachs, Columbia University Professor and Director of the Centre for Sustainable Development, Columbia University, HE Dr Olusegun Obasanjo, former President, Federal Republic of Nigeria and General William E. “Kip” Ward, former Commander of the US Africa Command, Africom.

This year’s lecture is open to the general public and registration is available on

Distributed by African Media Agency on behalf of Afreximbank

About Afreximbank: The African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution with the mandate of financing and promoting intra-and extra-African trade. Afreximbank was established in October 1993 and owned by African governments, the African Development Bank and other African multilateral financial institutions as well as African and non-African public and private investors. The Bank was established under two constitutive documents, an Agreement signed by member states, which confers on the Bank the status of an international organization, and a Charter signed by all Shareholders, which governs its corporate structure and operations. Afreximbank deploys innovative structures to deliver financing solutions that are supporting the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby sustaining economic expansion in Africa. At the end of 2019, the Bank’s total assets and guarantees stood at USD$15.5 billion and its shareholders funds amounted to US$2.8 billion. Afreximbank was “African Bank of the Year” in 2019. The Bank disbursed more than US$38 billion between 2016 and 2020. Afreximbank has ratings assigned by GCR (international scale) (A-), Moody’s (Baa1) and Fitch (BBB-). The Bank is headquartered in Cairo, Egypt.

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Media Contact: Amadou Labba Sall,

Source : African Media Agency (AMA)

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