NEW: Ms Bajabulile Tshabalala is new AfDB senior VP

14 Oct, 2021 - 18:10 0 Views
NEW: Ms Bajabulile Tshabalala is new AfDB senior VP

The Sunday Mail

Online Reporter

The African Development Bank Group (AfDB) has appointed Ms Bajabulile “Swazi” Tshabalala as its senior vice president effective November 1, 2021.

Ms Tshabalala has been vice president of finance and chief financial officer of the AfDB since joining the bank in August 2018.

She replaces Mr Charles Boamah, who has retired.

Said AfDB president Dr Akinwumi Adesina: “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.

“Over the years she has shown commendable leadership in managing the bank’s financial capabilities. In her new substantive role as senior vice president, she will give even greater drive to our collective efforts to boost the operational and financial strengths of the African Development Bank Group.”

Ms Tshabalala brings nearly 30 years of experience in management, finance and risk management.

Prior to joining the bank, she garnered extensive managerial and leadership experience in the private sector.

She was the CEO of a private financial and engineering consulting firm Barbican Advisory Group from 2013 to 2018.

Prior to that, she was CEO of the investment company IDG Group from 2006 to 2012.

She joined the giant conglomerate Transnet SOC in 1996 as deputy treasury manager (funding) until 1998, when she was appointed treasury manager for funding (1998-2001).

From 2001 to 2004, she was general manager of Corporate Services, where she oversaw the transformation of the old Portnet into the new Transnet National Ports Authority mandated to control and manage all eight commercial ports in South Africa.

She was subsequently appointed as group treasurer for the Transnet SOC.

Swazi joined AfDB in 2018 as vice president for finance and chief financial officer.

Said Ms Tshabalala on her appointment: “I am greatly honored 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.”

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