AfDB appoints ‘Swazi’ Tshabalala as Senior Vice President
Abidjan, Côte d'Ivoire (PANA) – The President of the African Development Bank (AfDB) Group, Dr. Akinwumi A. Adesina, on Thursday announced the appointment of Ms. Bajabulile ‘Swazi’ Tshabalala as Senior Vice President of the Bank effective from 1 November 2021.
Ms. Tshabalala, a citizen of South Africa, has been Vice President of Finance and Chief Financial Officer since joining the Bank Group in August 2018. She was appointed by Adesina as Acting Senior Vice President in March 2020, following the retirement of the incumbent, Mr. Charles Boamah.
The Group’s press statement said that over the past three years, Ms. Tshabalala has served in several key leadership roles at the Bank.
These include co-Chair of the Steering Committee which worked bank-wide with the President for the successful 15th Replenishment of the African Development Fund (ADF 15) and the AfDB’s historic 7th General Capital Increase.
As Vice President and Chief Financial Officer, she led senior leadership and bank-wide efforts to develop a Long-Term Financial Sustainability Framework for the Bank.
In her capacity as Vice President for Finance, Ms. Tshabalala chairs the Asset and Liability Committee of the Bank.
As Acting Senior Vice President, she has taken on increased responsibilities, including oversight over some of the leadership organs of the Bank, including the Senior Management Coordinating Committee and the Operations Committee that guide the Bank’s overall operations and effectiveness.
“Ms. Tshabalala brings nearly 30 years of experience in management, finance, and risk management,” the Bank said, noting that prior to joining the Bank, she garnered extensive managerial and leadership experience in the private sector.
On her appointment, Ms. Tshabalala said: “I am greatly honoured to have been appointed into this senior leadership role by President Adesina. The staff of the Bank and I are excited about his vision for the Bank and Africa. The remarkable advancements, the global standing and reputation the Bank has attained in the past few years have been impressive.
"I look forward to working closely with the President and with the senior Management, staff and the Board of Directors in delivering on the President’s vision to build a One-Bank, with strong teamwork, reinforcing the financial strength of the Bank, and helping to drive increased efficiencies, effectiveness and impact across all our work and operations”.
Commenting on the appointment, Adesina said: “I am delighted to appoint Swazi as Senior Vice President. She has been a highly valuable member of the Bank’s senior management team. She brings strong management skills, ability to get results and adeptness in overseeing the Bank’s financial assets and portfolios."
-0- PANA AR/MA 14Oct2021
