Nkosana Moyo appointed Vice President of African Development Bank

FORMER Industry and International Trade minister Nkosana Moyo has been appointed vice-president and chief operations officer of the African Development Bank (AfDB).

In making the announcement AfDB said Moyo, a holder of a PhD in Physics from Imperial College, London, and MBA from Cranfield School of Management in England brings to the bank vast and extensive managerial and financial experience from the private and public sectors in Africa and international institutions.

Moyo who is a pilot has served in the IFC, Standard Chartered Bank, TA Holdings, Botswana Capital and Actis Capital, World Bank and Batanai Capital Finance, a company he founded in 1997.

Prior to his appointment to the ABD he served as senior advisor and chairman of Actis Africa Advisory Board, Actis Capital, LLP. He also sits on the boards of Diamond Bank in Nigeria, UAC –– Nigeria, South African Airways, Investment Climate Facility, Kumba Iron Ore – an Anglo subsidiary in South Africa. He is the chairman for Commercial Bank of Rwanda and DFCU Bank Group in Uganda.

In 2001 Moyo resigned as Minister of Industry and International Trade and left for South Africa after being appointed in 2000 due to “sharp differences” with President Robert Mugabe who described him as “spineless”. –– Staff Writer.