The African Growth Financial institution (www.AfDB.org) has appointed Aida Ngir Ngom as Director, Non-public Sector Growth Division. Her appointment takes impact from February 1, 2024.
Ngom, a Senegalese nationwide, is a seasoned improvement finance banker with greater than 20 years of expertise in non-public sector origination and improvement, funding banking, and company and undertaking finance, notably within the infrastructure area.
Her expertise consists of collaborating with each non-public sector entities and governments, constructing strategic partnerships with business leaders, and collaborating with different multilateral monetary establishments and regulatory our bodies.
Previous to her appointment, Ngom served as Supervisor for the Power Monetary Options Division throughout the Energy, Power, Local weather and Inexperienced Progress Advanced, after having been Chief Funding Officer within the Financial institution’s Non-public Sector Division. She performed a key position in fostering the deployment of modern monetary merchandise and devices as a path to delivering ground-breaking infrastructure tasks and selling a Simply Power Transition for Africa. Ngom additionally serves as an advisory Board member of personal fairness funds within the Renewable Power and Infrastructure area.
Ngom joined the Financial institution in 2007 as a Principal Credit score Threat Officer within the Credit score Division. In 2013 she was appointed Chief Funding Officer within the Public Non-public Partnerships and Infrastructure Division within the Financial institution’s Non-public Sector Division. Right here, she performed a key position in strengthening the Financial institution’s processes and procedures and in addition participated in varied governance our bodies together with the Non-Sovereign Working Group of the Financial institution’s Asset and Liabilities Committee. As Chief Funding Officer, she contributed to landmark and ground-breaking transactions offering focused monetary options to tasks and shoppers, together with the Financial institution’s largest non-public sector syndication mortgage that mobilized $1 billion for the shopper. She has additionally been a part of varied taskforces together with the one which established the Africa 50 and introduced catalytic help to key financial sectors throughout the continent.
Previous to becoming a member of the Financial institution, Ngom labored as an funding skilled and head of credit score in varied worldwide and regional business banks together with Citibank and Mauritius Business Financial institution in East, Southern, and West Africa in addition to in France, in each origination and credit score capabilities.
She graduated from Heriot Watt College in Edinburgh, with a Grasp of Arts diploma in Enterprise Organisation and holds a Grasp of Science in Banking and Finance.
Commenting on her appointment, Ngom stated: “I’m actually honoured and humbled by the arrogance positioned in me and I’m grateful to President Adesina for this appointment. I’m absolutely dedicated to working and collaborating with the Financial institution’s senior management workforce, colleagues, in addition to with our non-public sector shoppers and companions to draw non-public sector capital in key financial sectors and spearhead key strategic initiatives, supporting the President’s imaginative and prescient”.
African Growth Financial institution Group President, Dr Akinwumi Adesina, stated: “I’m happy to nominate Ms Aida Ngom, a revered and seasoned improvement finance banker as Director for the Non-public Sector Growth Division. Aida brings to this position intensive administration expertise and experience within the fields of improvement finance, non-public sector improvement and capability constructing. She’s going to assist the Financial institution appeal to the much-needed non-public sector capital to key sectors and to place the establishment because the companion of selection for personal sector operators, while leveraging the Financial institution’s thorough understanding of the African context”.
Distributed by APO Group on behalf of African Growth Financial institution Group (AfDB).
Contact:
Amba Mpoke-Bigg
Communication and Exterior Relations Division
e-mail: [email protected]
Concerning the African Growth Financial institution Group:
The African Growth Financial institution Group is Africa’s premier improvement finance establishment. It contains three distinct entities: the African Growth Financial institution (AfDB), the African Growth Fund (ADF) and the Nigeria Belief Fund (NTF). On the bottom in 41 African international locations with an exterior workplace in Japan, the Financial institution contributes to the financial improvement and the social progress of its 54 regional member states. For extra info: www.AfDB.org
