Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, has appointed Kirstine Damkjaer, former CEO of Denmark’s export credit agency EKF, to its board of directors as an independent non–executive director.

 

Prior to joining EKF, Damkjaer worked for several years at the International Finance Corporation (IFC) and the World Bank in various senior capacities, including as Global Industry Head of Equity, manager in the Department of Global Infrastructure and Natural Resources, Principal of the IFC Asset Management Company and Principal Portfolio Manager at the World Bank Treasury, Pension Plan and Endowments. 

 

She also serves as non-executive director at several companies.

 

AFC President and CEO Samaila Zubairu said: “Kirstine’s expertise in development finance, infrastructure investment and asset management are entirely aligned with AFC’s mission of unlocking Africa’s potential growth and job creation through provision of vital infrastructure.” 

 

“We look forward to working with Damkjaer to help us steer the Corporation into its next phase of strategic growth,” he added.

 

Damkjaer, a qualified Chartered Financial Analyst (CFA) with a Masters’ degree from the University of Aarhus, will be serving on the Corporation’s Board Audit and Compliance Committee, and the Board Risk and Investment Committee.

 

“I am honoured to be joining AFC at such a pivotal time when, more than ever amid the Covid-19 pandemic, the corporation’s technical expertise and unique access to global capital is critically needed by African governments working towards resilient economic recovery,” said Damkjaer.

 

AFC has invested over $8.7 billion in 35 countries across Africa, driving development and integrating the continent’s economies.

 

It has 31 member countries, representing more than half the continent, and was recently named as an eligible organisation for providing Official Development Assistance (ODA) through the OECD Development Assistance Committee. - TradeArabia News Service