The Boston Consulting Group has appointed Donald Kaberuka, the former President of the African Development Bank, to be a senior adviser to the company’s Public Sector, Social Impact and Financial Services Practices.
Kaberuka stepped down from being the African Development Bank; s President in August 2015, having served two 5-year terms at the help of the continent’s leading development financial institution. During his terms, the bank tripled its capital to $100 billion and doubled its portfolio, especially in infrastructure and private-sector financing.
Since leading the bank, he has taken up a few Africa-focused investment advisory roles, including the Chair of Centum Investment’s board of directors and joining the Africa-focused private equity joint venture TPG/Satya as a senior adviser. vent
Hans-Paul Bürkner, chairman of BCG, said Kaberuka will help the firm advance its Africa strategy, advising on economic development, development finance, and financial institutions. “Donald’s leadership and vision are matched only by his effectiveness in reforming and revitalizing government and public institutions. His deep experience and wide-ranging expertise in economic policy and business issues, combined with his ability to forge strong public- and private-sector partnerships, will be tremendous assets to BCG and our clients.”
In early 2016, he was appointed the African Union’s special envoy for financing to assist in mobilizing the AU’s resources, including its Peace Fund activities. He sits on several international panels, including the Business and Sustainable Development Commission and the Center for Global Development’s panel on the future of multilateral development banking.
“I am excited to be joining BCG at a time when the firm seeks to expand its role in Africa,” said Kaberuka. “BCG is highly regarded for its global reach and deep understanding of the unique challenges facing the public sector and business, and the particular needs of emerging and frontier economies. I’m looking forward to helping the firm extend its expertise in African economic development and financing, and to working with the firm to address the most pressing African and global development issues.”