2023-07-22 23:57:37
The African Development Bank Group (AfDB) is pleased to announce the appointment of Mr. Ousmane Fall, of Senegalese nationality, as Director of Non-Sovereign Operations and Private Sector Support as of August 1, 2023.
With 17 years of experience, Ousmane Fall has played a decisive role in the field of infrastructure in Africa during his last four years at the International Finance Corporation (IFC), a subsidiary of the World Bank Group. He has successfully led national planning and ministerial dialogue in the water, waste treatment and sanitation, transport and energy, logistics and telecommunications sectors.
Mr. Fall played a key role in setting up the Municipal Finance Platform for Sub-Saharan Africa and developed the first asset-backed securities investment for energy access in Africa, as well as the first private sector investments in hydropower and solar energy in Gabon and Benin. He also contributed to the gas to electricity conversion strategy for the Senegalese government and developed the first municipal financing strategy for the cities of Dakar, Cotonou, Abidjan and Douala.
As a former member of Groupe of the African Development Bank, Ousmane Fall held several key positions, including Acting Division Manager of the Strategy and Transactional Support Division, and Head of the Non-Sovereign Infrastructure Division. He has played a critical role in providing extensive advisory services and transactional support to non-sovereign operations departments, overseeing major projects in various areas such as debt and collateral transaction design, project bankability assessment, capital structuring, project credit enhancement and financial modelling.
The new Director of Non-Sovereign Operations and Private Sector Support is recognized for his in-depth knowledge of African debt and equity markets, as well as his skills in implementing landmark private sector transactions within the Bank.
Mr. Fall holds a Master of Science in Finance from l’INSEEC Business and Management School in France (2005).
Reacting to his appointment, Mr. Fall said, “I am honored and grateful to President [Akinwumi] Adesina for appointing me to this position. I look forward to working under his leadership to serve the continent’s premier financial institution in its ambitious vision to transform Africa through the private sector.”
The President of the African Development Bank, Mr. Akinwumi A. Adesina, expressed his confidence in Mr. Fall, emphasizing that “Ousmane has a proven track record of delivering results in private sector transactions. He will ensure the overall effectiveness of the Bank’s operations in the private sector, through the effective management of the project portfolio and the institutional portfolio in the context of non-sovereign operations, as well as support for departments initiating non-sovereign operations”.
The African Development Bank Group welcomes this appointment and remains committed to strengthening cybersecurity in Africa to ensure a more secure and resilient digital future for the continent.
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