The African Development Bank Group (AfDB) has announced two new appointments, Bajabulile “Swazi” Tshabalala as the new vice-president for finance and chief finance officer and Dr Kapil Kapoor as the director general for southern Africa regional development and business delivery office
Tshabala will resume office from 1 August 2018 whereas Dr Kapoor’s appointment will be effective from 1 September 2018.
Tshabalala is currently the executive director of Barbican Advisory Group, South Africa, where she is responsible for financial and engineering consulting, transaction and financial advisory.
She has 26 years of experience in finance, treasury management and capital market operations. Tshabalala also owns her own consulting and advisory company, Kupanua Investments.
With a background in banking, she has extensive experience in finance and treasury operations and strong knowledge in local and international capital markets.
Dr Akinwumi Adesina, president of the AfDB, said, “Tshabalala brings extensive experience managing finance and treasury operations of large public and private sector corporations, where she has distinguished herself with a record of performance.”
“Swazi’s vast private sector experience will be highly valuable to the AfDB Group as we continue to build on the bank’s very strong financial performance and drive innovative financial approaches to leverage more resources to deliver faster-paced development for African countries and the private sector,” Adesina added.
She also worked as a non-executive director on the board of directors of several leading corporations including MTN, Tiger Brands (SA) and South African Airways. She has previously served on the boards of various Johannesburg Stock Exchange-listed companies such as Liberty Group South Africa, Standard Bank Group, STANLIB Asset Management Limited, Transnet Pension Fund and V & A Waterfront Holdings. She is also the founder and past deputy president of the Association of Black Securities and Investment Professionals of South Africa.
Meanwhile, Dr Kapoor, a citizen of India, has been the director for strategy and operational policies since February 2012, when he joined the AfDB.
He has led numerous development initiatives in diverse countries, ranging from fragile states like Afghanistan and Somalia, to small island economies like Mauritius and Sri Lanka, to large and fast growing economies like Bangladesh and India.
Dr Adesina said, “Dr Kapoor brings wide experience and a deep knowledge of the operations of the Bank. He has provided rich strategic thought leadership for the bank’s strategy formulation and understands well the new business delivery model of the bank.”
“Kapil's depth of experience in high level policy dialogue, stakeholder engagement and his deep knowledge and experience in the southern Africa region will further help in our drive for accelerated delivery and greater impacts for the Bank's investments in the Southern Africa Region,” Adesina added.
