African Development Bank appoints CFO Bajabulile Tshabalala as senior VP


Bajabulile has been acting in the role since March 2020 and has been appointed as the bank’s permanent senior VP.

The African Development Bank Group has appointed South African-born Bajabulile Tshabalala as its permanent senior VP after she has been acting in the position since March 2020.

Bajabulile said she is greatly honoured to have been appointed into this senior leadership role by African Development Bank group president Akinwumi Adesina. “The staff of the bank and I are excited about his vision for the bank and Africa,” she said. “The remarkable advancements, the global standing and reputation the bank has attained in the past few years have been impressive.”

Bajabulile has been VP of finance and CFO of the bank since joining in August 2018 and was appointed as acting senior VP following the retirement of Charles Boamah. She has also served as co-chair of the steering committee and chair of the asset and liability committee of the bank.

Adesina said Bajabulile 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. In her new substantive role as senior vice president, she will give even greater drive to our collective efforts to boost the operational and financial strengths of the African Development Bank Group.”

Prior to joining the African Development Bank Group, Bajabulile served as the managing director of the Barbican Advisory Group. She has served in various non-executive director roles for the likes of Standard Bank, South African Airways, Tiger Brands, Liberty Group, and more. She has also served as the CEO of IDG South Africa and the group treasurer of Transnet.


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