South African Finance Guru Appointed AfDB’s VP, CFO

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The African Development Bank Group has announced the appointment of Ms. Bajabulile “Swazi” Tshabalala as Vice President for Finance and Chief Finance Officer for the African Development Bank Group, effective from August 1, 2018.

Ms. Tshabalala, a citizen of South Africa, is currently the Executive Director of Barbican Advisory Group, South Africa, where she is responsible for Financial and Engineering Consulting, Transaction and Financial Advisory.

“I am delighted Ms. Tshabalala will be joining as our new Vice President for Finance and Chief Finance Officer. She brings extensive experience managing finance and treasury operations of large public and private sector corporations, where she has distinguished herself with a record of performance,” President of the African Development Bank Group, Dr. Akinwumi Adesina noted in a statement.

“Swazi’s vast private sector experience will be highly valuable to the African Development Bank Group as we continue to build on the Bank’s very strong financial performance and drive innovative financial approaches to leverage more resources to deliver faster-paced development for African countries and the private sector”, said Dr. Adesina.

Ms. Tshabalala has 26 years of experience in finance, treasury management and capital market operations. She graduated with a BA in Economics from Lawrence University in the USA in 1989 and obtained a Master’s Degree in Business Administration from Wake Forest University, USA in 1992.

She has worked as a Trainee Client Manager for the Old Mutual Employee Benefits, and as a Corporate Dealer for the Standard Bank Group for two years. She has also worked for Transnet Limited, South Africa in different capacities.

Tshabalala later became the Chief Executive Officer of the Industrial Development Group (IDG), where she worked until 2014. She has been the Executive Director of the Barbican Advisory Group since 2015.

Commenting on her appointment, Ms. Tshabalala noted: “I am excited to join the African Development Bank Group and be part of the talented senior management team that President Adesina has been attracting to the Bank. I am passionate about the Bank’s development agenda that has attracted global attention as bold and innovative for accelerating Africa’s development”.

“The African Development Bank Group already has world-class and high-performing finance and treasury teams. I am honored to join to lead these outstanding teams to further build the Bank’s financial strength and capability to help Africa achieve accelerated development,” said Ms. Tshabalala.


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