Abidjan, Ivory Coast - The African Development Bank Group has appointed Ousmane Fall as director of non-sovereign operations and private sector, effective August 1, 2023.
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Mr. Fall takes on this new role with 17 years of experience.
He spent the last four years at the International Finance Corporation (IFC), where he provided strategic leadership on country planning and ministerial dialogue in the African infrastructure space.
At the IFC, Mr. Fall covered various sectors, namely water, waste and sanitation; transport and energy; logistics; and telecommunications.
He also oversaw the establishment of the Municipal Financing Platform for Sub-Saharan Africa.
Mr. Fall developed and executed the first asset-backed securities investment for access to energy in Africa, as well as the first private sector investments in hydro and solar in Gabon and Benin.
Other firsts were a gas-to-power strategy for the Senegalese government, and the first municipal financing strategy for the cities of Dakar, Cotonou, Abidjan, and Douala.
He also led business development efforts across Africa, building strong relationships with private sector clients, central and local governments, cities, and selected sovereign-owned entities on the ground.
Mr. Fall earlier worked at the African Development Bank Group for 10 years.
He held several positions, including those of acting manager for the Strategy and Transactions Support Division, and officer in charge for the Non-Sovereign Infrastructure Division, providing key advisory services and transaction support to Non-Sovereign Operations origination departments.
He oversaw project officers in such areas as debt and guarantee transactions design, project bankability assessment, capital structuring, project credit enhancement, financial leveraging, and financial modelling.
He also spearheaded knowledge management and training on non-sovereign operations.
He established non-sovereign operations modules on project finance, corporate loans, financial modelling, technical assistance, client relationship management, and equity investments.
He has extensive knowledge of African debt and equity markets, guarantee products, derivatives, and credit enhancement instruments.
Mr. Fall led the execution of the first African Development Bank Group non-sovereign operations transactions in agriculture, health and education, and the first port dredging and gas-to-power projects.
He also served in the Bank’s Public Sector Department, where he worked on solar projects in Morocco, hydro projects in the Democratic Republic of the Congo, Sierra Leone, Cameroon, Guinea, and other transmission projects in Nigeria and Zambia.
He also worked in the Risk Department, where he contributed to the definition and implementation of the Bank’s Capital Adequacy Framework and Exposure Management Policy.