African markets

AfDB Appoints 5 Women Executive Directors – African Markets

The African Development Bank (AfDB) has appointed five women as Executive Directors for a three-year term.

A total of 12 new chief executives have been appointed, according to a memo accessed by African Markets. Thus, the number of women on the executive board, which was three, now increases to five, in a council composed of 20 people.

AfDB President, Dr. Akinwumi Adesina welcomed the new Board representatives who officially join the Board on August 1, 2022. Previously on September 1, 2022, they had already started an induction program of four days to familiarize themselves with the work. form the bank.

“I would like to congratulate the new members of the Board of Directors on their election as Executive Directors.”

As directors, they will have the obligation and responsibility to help strengthen the AfDB’s oversight functions, guide operations, and support the vision and direction of our work.

Said Akinwumi Adesina, in the inaugural speech.

the nominees

Malika Dhif, Chantal Modeste Nonault, Mette Knudsen, Oren Elaine Whyche and Nomfundo Xenia Ngwenya are the new Executive Directors of the AfDB. As members of the board of directors, they are responsible for the general operations of the bank and are headquartered in Abidjan, the largest city in Côte d’Ivoire.

Malika Dhif, the new executive director for Morocco, Togo and Tunisia, was previously deputy director of Treasury and external finance in Morocco.

Chantal Modeste Nonault, Managing and Financial Director of the World Bank in Mali, will represent Burundi, Cameroon, Central African Republic, Congo, Democratic Republic of Congo and Chad.

Mette Knudsen, a Danish national, represents Denmark, Finland, India, Ireland, Norway and Sweden and served as Deputy Special Representative for Political Affairs at the United Nations Assistance Mission in Afghanistan.

Oren Elaine Whyche, who worked in the Africa office of the United States Agency for International Development, will represent the United States, and Nomfundo Xenia Ngwenya of South Africa will represent South Africa, Eswatini and Lesotho.

The structure

The new Board members were appointed following the general election of Directors by the Boards of Governors at the AfDB Annual Meetings held in Accra, Ghana in May 2022.

The Bank’s Board of Directors is made up of 20 members. Thirteen members are elected by the governors of regional member countries (54 African countries) and seven by the governors of non-regional member countries (27 countries). The executive directors are elected for a period of three years and their mandate can only be renewed once.

The African Development Bank Group

The African Development Bank Group is Africa’s premier development finance institution.

It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF).

Established in 41 African countries and with an external office in Japan, the Bank contributes to the economic development and social progress of its 54 regional member states.

What do you think of this bad date? Only 5 women out of 20 directors, don’t you think that’s a bit? We want to know your opinion, do not hesitate to comment and if you liked the article, share and give a “like / like”.

See also:

The AfDB and the importance of PALOPs in Africa

Picture: © 2022 AfDB Group