Public Management

AfDB appoints Dr Akinsola Babalola as Special Assistant to the President

AfDB appoints Dr Akinsola Babalola as Special Assistant to the President
Wednesday, 18 October 2023 10:48

The African Development Bank Group has appointed Dr Akinsola Babalola, a banking and finance management professional, Special Assistant to the Bank Group President.

Dr Babalola is a Nigerian citizen with over 20 years of experience across sub-Saharan Africa. Before joining the Bank, he was Assistant Vice President at Ecobank Transnational Incorporated in Lome, Togo, where he served in various strategic roles for 11 years.

From 2012 to 2017, he was in the office of the Deputy Chief Executive Officer as Business Performance Manager, overseeing the financial performance of Ecobank subsidiaries across more than 30 countries.

From 2017 to 2018, Dr Babalola, a Nigerian citizen, was Assistant Vice President for Regulatory Compliance Monitoring, where he helped strengthen enterprise-wide controls by assessing compliance risks and implementing regulatory changes across subsidiaries of Ecobank Group.

He served as Chief of Staff to the Group Execution for Operations and Technology from 2018 to 2021. In this capacity, he played a key role in the coordination and execution of the core activities of the largest division within Ecobank Group to ensure consistency in operations in line with the strategic goals of the institution.

He championed organizational reforms and the implementation of various banking and financial systems initiatives. This included leading the team that centralized and virtualized cross-functional operational activities across the Ecobank Group, and setting up the Group Payment Operations in response to the competitive drive for the efficiency of payment solutions across sub-Saharan Africa.

Until recently, Dr Babalola was the head of the two regional processing centres in Lagos and Abidjan, handling operational activities for Ecobank subsidiaries, and head of the Group Payment Operations Centre that oversees all digital transactions.

Dr Babalola had a brief stint at Shell International Petroleum Company in the United Kingdom in 2008, where he evaluated strategic business opportunities in gas-to-liquid markets and developed a model for competitive positioning for four niche applications.

He holds a Doctoral degree in Business Administration from the University of Manchester (United Kingdom, 2022), a Master of Business Administration from the University of Oxford (United Kingdom, 2008), a Master of Managerial Psychology from the University of Ibadan (Nigeria, 2006), and a Bachelor of Psychology from the University of Ibadan (Nigeria, 1998). He is a Fellow of the Association of Certified Chartered Accountants (United Kingdom).

Commenting on his appointment, Dr Babalola thanked Dr Adesina for offering him the opportunity. “I am deeply humbled and honoured. I am committed to serving this great institution and Mr. President in the execution of his laudable vision, which is transforming the Bank and the African continent.”

Dr Adesina said: “I am pleased to appoint Dr. Akinsola Babalola as Special Assistant to the President. Akinsola, a respected banker with strong knowledge and experience in the commercial banking industry, brings wide exposure and engagement in management, strategy and implementation. He will provide strategic support for the President at all levels of the Bank, externally and internally, including with the boards of directors, senior management and staff.”

2365 BAD

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0.6% in May, bolstered by a decline in food costs. •...
• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its main policy rate to 3.25% following a sharp drop in...
• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 million to $1 billion in annual market...
Sixty-five percent of banks in sub-Saharan Africa view cyber risks as a major hurdle to digitalization, according to the European Investment Bank. In...
Most Read
01

• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...

Coffee: Global Consumption Expected to Reach Record Level in 2025/2026
02

• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...

Algeria Awards Commercial 5G Licenses
03

• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...

Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
04

• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...

William Ruto in London: New Agreement Aims to Double Kenya-UK Trade by 2030
05

• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...

IFC Plans Investment Fund to Help Grow African Film Industry
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.