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African Development Bank appoints Aida Ndir Ngom as director

Christian Fernsby |
Abidjan, Ivory Coast - The African Development Bank has appointed Aida Ngir Ngom as director, private sector development department, effective February 1, 2024.

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Ms. Ngom is a seasoned development finance banker with more than 20 years of experience in private sector origination and development, investment banking, and corporate and project finance, notably in the infrastructure space.

Her experience includes collaborating with both private sector entities and governments, building strategic partnerships with industry leaders, and collaborating with other multilateral financial institutions and regulatory bodies.

Prior to her appointment, Ms. Ngom served as Manager for the Energy Financial Solutions Division within the Power, Energy, Climate and Green Growth Complex, after having been Chief Investment Officer in the Bank’s Private Sector Department.

She played a key role in fostering the deployment of innovative financial products and instruments as a path to delivering ground-breaking infrastructure projects and promoting a Just Energy Transition for Africa.

She also serves as an advisory Board member of private equity funds in the Renewable Energy and Infrastructure space.

Ms. Ngom joined the Bank in 2007 as a Principal Credit Risk Officer in the Credit Department. In 2013 she was appointed Chief Investment Officer in the Public Private Partnerships and Infrastructure Division in the Bank’s Private Sector Department.

Here, she played a key role in strengthening the Bank’s processes and procedures and also participated in various governance bodies including the Non-Sovereign Working Group of the Bank’s Asset and Liabilities Committee.

As Chief Investment Officer, she contributed to landmark and ground-breaking transactions providing targeted financial solutions to projects and clients, including the Bank’s biggest private sector syndication loan that mobilized $1 billion for the client.

She has also been part of various taskforces including the one that established the Africa 50 and brought catalytic support to key economic sectors across the continent.

Prior to joining the Bank, Ms. Ngom worked as an investment professional and head of credit in various international and regional commercial banks including Citibank and Mauritius Commercial Bank in East, Southern, and West Africa as well as in France, in both origination and credit functions.

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