Joseph Nnanna, the Deputy Governor of the Central Bank of Nigeria is taking over the role of Chairman of the Africa Finance Corporation from Sarah Alade, who is retiring. As well as being the AFC’s Chair, Alade served on the Board of the Central Bank of Nigeria for 10 years, most recently as its Deputy Governor of the Economic Policy Directorate.
A well-respected Economist and Banker, Dr. Nnanna’s career spans more than 30 years, and has included periods spent as an advisor to several leading institutions including the United Nations Conference on Trade and Development, the Government of Nigeria as well as serving on the Board of the International Monetary Fund. He was appointed to the Board of the Central Bank of Nigeria in February 2015.
“We are all very grateful for the notable contribution that Dr. Alade has made to AFC during her time as Chairman of the Board,” commented AFC’s CEO, Andrew Alli. “Over the course of her tenure the Corporation has expanded rapidly, and approximately US$4 billion has now been invested in projects across 28 African countries, helping to drive economic and social development.”