AFC Appoints CBN Governor, Yemi Cardoso Board Chairman
Nume Ekeghe in Bangkok, Thailand The Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, yesterday announced the appointment of the Governor of the Central Bank of Nigeria (CBN),
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has been appointed as the Chairman of the Africa Finance Corporation (AFC) Board of Directors. This move aims to bolster infrastructure financing and industrial development across Africa. Cardoso replaces Ireti Samuel-Ogbu, who will continue on the corporation's board after her tenure as chairman.
The AFC, in a statement, highlighted Cardoso's extensive experience in international banking, investment management, economic policy, and public sector leadership. AFC President and CEO Samaila Zubairu expressed delight at welcoming Cardoso as the new Board Chairman, emphasizing his conviction that Africa's stability hinges on its productive capacity.
Cardoso vowed to collaborate with the board, management, and member countries to increase productive investments across the continent, stressing that a more productive Africa signifies a more stable one. The CBN governor's appointment aligns with AFC's ongoing investments in infrastructure projects aimed at regional connectivity, industrialization, and economic integration.
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