The Association of African Development Finance Institutions (AADFI) is pleased to announce the new composition of its Board of Directors following elections held during its 51st Ordinary General Assembly Meeting on May 26, 2025, in Abidjan, Côte d’Ivoire.
The election of Dr. Patricia Ojangole, Managing Director of the Uganda Development Bank (UDB) Ltd., as the new Chairperson follows the end of the tenure of Mr. Thabo Thamane as Chairman of AADFI.
The newly elected Board Members are composed of the following chief executives and will ensure sustained strategic leadership in advancing the vision and mission of AADFI:
BUREAU
- Chairperson: Dr. Patricia Ojangole – Managing Director, Uganda Development Bank Ltd. (UDBL), Uganda
- 1st Vice-Chairman: Mr. Abdelouahab Boushaba – Chief Executive Officer, Tamwil El Fellah (TEF), Morocco
- 2nd Vice-Chairman: Mr. Dumisani Msibi – Group Managing Director/Chief Executive Officer, Eswatini Development Finance Corporation (FINCORP), Eswatini
REGIONAL REPRESENTATIVES
Southern Africa
- Representative: Ms. Boitumelo Mosako – Chief Executive Officer, Development Bank of Southern Africa (DBSA), South Africa
Central Africa
- Representative: Mr. Bertin Mudimu Tshisekedi – Chief Executive Officer, Fonds de Promotion de l’Industrie (FPI), Democratic Republic of Congo
- Alternate: Mr. Pierre Mupira – Chief Executive Officer, Banque Nationale de Développement Économique (BNDE), Burundi
East Africa
- Representative: Mr. Nyabundege F. Mugeta – Managing Director, Tanzania Agricultural Development Bank (TADB), Tanzania
- Alternate: Ms. Norah Ratemo – Director General, Kenya Development Corporation (KDC), Kenya
North Africa
- Representative: Ms. Mariem Dkhil – Sustainable Finance Specialist,Groupe Crédit Agricole du Maroc (GCAM), Morocco
West Africa
- Representative: Dr. Olasupo Olusi – Managing Director/Chief Executive Officer,Bank of Industry (BOI), Nigeria
- Alternate: Mr. Youssouf Fadiga – Chief Executive Officer, Banque Nationale d’Investissement (BNI), Côte d’Ivoire
Representatives of Special and Honorary Members
- Representative: Dr. Anthony Ehimare – Chief Risk Officer, African Trade & Investment Development Insurance (ATIDI)
AADFI congratulates the newly elected Board members and sincerely thanks the outgoing members for their service and contributions to the Association’s growth. The Association looks forward to working with the new Board to strengthen further the role of development finance institutions in Africa’s economic transformation.
About AADFI The Association of African Development Finance Institutions (AADFI) is the umbrella organization for development finance institutions in Africa. It was formed in 1975 as an international organization under the auspices of the African Development Bank (AfDB). The association aims to stimulate cooperation to promote and finance sustainable development in Africa and encourage economic integration. The AADFI currently has over 90 members, including subnational, national, regional, and multilateral development finance institutions in Africa and other continents engaged in development finance activities in Africa. It is a founding member of the World Federation of Development Financing Institutions (WFDFI), which brings together AADFI and its counterparts, namely the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), the Latin American Association of Development Financing Institutions (ALIDE), the Association of Development Finance Institutions in Member Countries of the Islamic Development Bank (ADFIMI), and the European Long Term Investors Association (ELTI). AADFI is also a founding member of the Finance in Common (FiCS), a global coalition of over 530 public development banks/DFIs. The AADFI has an observer status with the World Bank Group. The AADFI’s headquarters is in Abidjan, Republic of Côte d’Ivoire.