BAD appoints 5 female Executive Directors.
The African Development Bank (AfDB) has appointed five women as executive directors for a three-year term.
A total of 12 new executive directors were appointed, according to a note that Mercados Africanos had access to. As a result, the number of women on the executive board, which was three, now rises to five, on a board made up of 20 people.
AfDB President Dr. Akinwumi Adesina, welcomed the new representatives to the Board of Directors and said in his inauguration speech.
“I would like to congratulate the new Board members on their election as Executive Directors”.
"As directors, they will have an obligation and responsibility to help strengthen AfDB's oversight functions, guide operations, and support the vision and direction of our work."
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 a board member, they are responsible for the overall operations of the bank and are based at headquarters 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 was Deputy Special Representative for Political Affairs at the United Nations Assistance Mission in Afghanistan.
Oren Elaine Whyche, who was at the Africa Office of the US Agency for International Development, will represent the US, and Nomfundo Xenia Ngwenya, from South Africa, will represent South Africa, Eswatini and Lesotho.
The structure
The new Board members were appointed following the general election of the Executive Directors by the Boards of Governors at the Annual Meetings of the AfDB.
The Bank's Board of Directors is composed 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). Executive Directors are elected for a period of three years, and their terms of office may be renewed only once.
The African Development Bank Group (ADB)
The African Development Bank Group is Africa's leading development finance institution.
It comprises three separate entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF).
Located 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.
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Picture: © 2022 AfDB Group
