The African Development Bank (www.AfDB.org) has appointed Aida Ngir Ngom as Director of Private Sector Development. Her appointment will be effective from February 1, 2024.
Mr. Ngom, a Senegalese national, is an experienced development finance banker with over 20 years’ experience in private sector creation and development, investment banking, corporate and project finance, particularly in the infrastructure sector.
Her experience includes working with both the private sector and government, building strategic partnerships with industry leaders, and collaborating with other multilateral financial institutions and regulatory bodies.
Prior to his appointment, Mr. Ngom served as Chief Investment Officer in the bank’s private sector division and then Manager of the Energy Financial Solutions division within the Power, Energy, Climate Change and Green Growth Complex. She played a key role in facilitating the deployment of innovative financial products and products as a path to delivering ground-breaking infrastructure projects and facilitating Africa’s just energy transition. Ngom also serves on the advisory board of a private equity fund in the renewable energy and infrastructure sector.
Mr. Ngom joined the Bank in 2007 as Chief Credit Risk Officer in the Credit Division. In 2013 she was appointed Chief Investment Officer for Public-Private Partnerships and Infrastructure in the Bank’s Private Sector Division. Here she played a key role in strengthening the Bank’s processes and procedures and also participated in various governance bodies, including the Non-Sovereign Working Group of the Bank Assets and Liabilities Committee. As Chief Investment Officer, she was instrumental in groundbreaking and groundbreaking transactions that provided targeted financial solutions for projects and clients, including the bank’s largest private sector syndicated loan that mobilized $1 billion for clients. She was also part of various task forces, including those that established Africa 50 and brought catalytic support to key economic sectors across the continent.
Prior to joining the Bank, Mr. Ngom worked as an investment specialist and credit officer in both origination and credit functions at various international and regional commercial banks including Citibank in East Africa, Southern Africa, West Africa and France and Commercial Bank of Mauritius.
She graduated from Heriot-Watt University in Edinburgh with a Master’s degree in Business Organization and a Master of Science in Banking and Finance.
Commenting on his appointment, Mr. Ngom said, “I am truly honored and humbled by the confidence that has been placed in me, and I thank President Adesina for this appointment. I am committed to working with the Bank’s senior leadership team, colleagues, and private sector clients and partners to spearhead important strategic initiatives that attract private capital in key economic sectors and support the President’s vision.”
Dr. Akinwumi Adesina, President of the African Development Bank Group, said: “I am pleased to appoint Ms. Aida Gomu, a respected and experienced development finance banker, as the Director of Private Sector Development. Aida brings with her extensive management experience and expertise in the areas of development finance, private sector development and capacity building. She brings knowledge to this role that will help the African Development Bank attract much-needed private sector capital to key sectors and position the Bank as a partner of choice for private sector operators, while also providing the Bank with a thorough understanding of the African context.”
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
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About the African Development Bank Group:
The African Development Bank Group is Africa’s leading development finance institution. The organization is made up of three different entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigerian Trust Fund (NTF). The Bank has offices in Japan in 41 African countries and contributes to the economic development and social progress of its 54 regional member countries. For more information, please visit www.AfDB.org.
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