Makhtar Diop now World Bank VP for Africa

BUSINESS

|
Image: Makhtar Diop. By BiztechAfrica
Makhtar Diop

Makhtar Diop, a Senegalese national with more than 25 years of development experience, today becomes the new World Bank Vice-President for Africa.  

Diop was previously Country Director for Brazil since 2009 where he managed the World Bank’s largest country program. Prior to joining the Bank, Diop worked at the International Monetary Fund and served as Minister of Finance of Senegal, and as Chair of the West African Monetary Union (WAEMU) Board of Finance Ministers.

After joining the World Bank in 2001, Makhtar Diop held various senior positions, including Country Director for Kenya, Eritrea and Somalia, as well as Director of Infrastructure and Director of Strategy and Operations in the Bank's Latin America and Caribbean region.

“It is an honor to return to the Africa region as Vice-President at a time when the continent is on the rise, with strong growth led by private investment, and a new sense of optimism,” said Diop. “With world-class development knowledge and innovative financing, we can help support Africa’s momentum and ensure that all Africans, especially the poor, share in the continent’s economic and social transformation.”

The World Bank is a partner of 48 countries in Sub Saharan Africa and finances approximately 500 projects in the region. The Banks' portfolio includes projects and programs in areas such as agriculture, trade and transport, energy, education, health, water and sanitation.

In fiscal year 2011, the World Bank committed more than USD 7.0 billion in new development financing for Africa, and disbursed over USD 5.5 billion, in addition to producing more than 200 analytical studies.



Share the News

Get Daily Newsletter

Search News

comments powered by Disqus

MORE BUSINESS NEWS

Airtel divests telecoms tower assets in DRC to Helios Towers Africa

Bharti Airtel International and Helios Towers Africa have announced an agreement for the divestment of approximately 950 telecoms towers in the DRC from Airtel to Helois Towers Africa.  Read More

Networks Unlimited opens head office for Africa in Mauritius

Networks Unlimited has opened a head office servicing its African business in Mauritius. Read More

Orange completes Tigo acquisition in DRC

Less than three months after signing an agreement with Millicom, Orange has completed the acquisition of 100% of the mobile operator Tigo in the Democratic Republic of the Congo (DRC). Read More

New cloud platform offers SMEs greater convenience

MTN Business has unveiled a new cloud delivery platform in Rwanda and Cameroon, which will enable SMEs to access cloud services with greater ease. Read More

Travelport appoints new regional manager for East African headquarters

Nita Nagi, formerly of Kenya Airways, has been named as the new lead for Kenya, Uganda, Rwanda and Burundi. Read More

Orange completes the acquisition of the Liberian mobile operator Cellcom

Liberia will now become the 20th country in Africa and the Middle East to join the Orange group with the acquisition by Orange of Cellcom, Liberia’s leading mobile operator. Read More

Orange invests in African e-commerce leader Africa Internet Group

Orange has announced the acquisition of a 75 million-euro equity interest in Africa Internet Group. Read More

HR departments need to keep pace with technology’s accelerating speed

The world of human resources (HR) is changing at a speed that is leaving most HR departments behind. New technology is bringing more transparency into the job market and into the performance of the HR department, creating new challenges for HR directors. Read More

Survey provides glimpse into the world of young entrepreneurs in Africa

The Anzisha Prize, the premier award for Africa’s best young entrepreneurs, published the Anzisha Youth Entrepreneurship Survey 2016 this month, which provides a snapshot of the realities facing young entrepreneurs in Africa. Read More

Vodacom Business Nigeria appoints indigenous CEO

Vodacom Business, Nigeria’s leading total telecommunications provider has completely Nigerianised its operation with the appointment of Mr. Lanre Kolade as its Managing Director.  Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor Networks
Advertisement

FEATURED STORY

Criticism over Remita borne out of ignorance, says SystemSpecsCriticism over Remita borne out of ignorance, says SystemSpecs

The CEO of SystemSpecs, the company behind the revenue-saving Nigerian Single Treasury Account (TSA) system, speaks to Biztechafrica.

IN DEPTH

IBM Opens First Cloud Data Centre in South AfricaIBM Opens First Cloud Data Centre in South Africa

IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.