Ms. Tshabalala, a citizen of South Africa, previously served as President of Finance and Chief Financial Officer as of 1 November 2021.
The president of the African Development Bank Group (AfDB), Dr. Akinwumi A. Adesina has announced the appointment of Ms. Bajabulile “Swazi’’ Tshabalala as senior vice president of the African Development Bank Group, effective from 1 November 2021.
Ms. Tshabalala, a citizen of South Africa, has been Vice President of Finance and Chief Financial Officer of the AfDB since joining the bank in August 2018. She was appointed by President Adesina as acting senior vice president in March 2020, following the retirement of the incumbent, Mr. Charles Boamah.
In her capacity as vice president for finance, Swazi chairs the Asset and Liability Committee. As acting senior vice president, she has taken on increased responsibilities, including oversight over some of the leadership organs of the bank, including the Senior Management Co-ordinating Committee and the Operations Committee that guide the bank’s overall operations and effectiveness.
Ms. Tshabalala brings nearly 30 years of experience in management, finance, and risk management to the new role. Prior to joining the AfDB, she garnered extensive managerial and leadership experience in the private sector. She was the chief executive officer of a private financial and engineering consulting firm, Barbican Advisory Group from 2013 to 2018. Prior to that, she was CEO of the investment company, IDG Group from 2006 to 2012.
Ms. Tshabalala said on her appointment “I am greatly honoured to have been appointed into this senior leadership role by President Adesina. The staff of the Bank and I are excited about his vision for the Bank and Africa. The remarkable advancements, the global standing and reputation the Bank has attained in the past few years have been impressive”.
Commenting on the appointment, president Adesina said “I am delighted to appoint Swazi as Senior Vice President. She has been a highly valuable member of the Bank’s senior management team. She brings strong management skills, ability to get results and adeptness in overseeing the Bank’s financial assets and portfolios. Over the years she has shown commendable leadership in managing the Bank’s financial capabilities”.