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African Development Bank appoints Max Magor Ndiaye as Director of Syndication, Co-financing and Client Solutions Department

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Max Magor Ndiaye

Before this appointment, he served as the Acting Director of the Syndication, Co-financing, and Client Solutions Department

ABIDJAN, Ivory Coast, July 11, 2023/APO Group/ — 

The African Development Bank (www.AfDB.org) has appointed Mr Max Magor Ndiaye as Director of the Syndication, Co-financing and Client Solutions Department, effective 1st July 2023.

Ndiaye, a US national, is a structured finance, risk management, and capital markets professional with over 20 years of international public and private sector experience.

Before this appointment, he served as the Acting Director of the Syndication, Co-financing, and Client Solutions Department, simultaneously holding the position of Manager of the Co-financing & Syndication Division in the same department.

Ndiaye led the loan syndication and co-financing of numerous projects in Africa, the development and implementation of the Bank’s innovative financial products, the implementation and mainstreaming of balance sheet optimisation as a key strategy for the Bank and the financial structuring of diverse initiatives and projects across various sectors.

He successfully led the recent structuring, design and closing of a $2 billion balance sheet optimisation transaction with the UK government and London-based private insurers, which enabled significant additional lending capacity for the Bank in climate and green growth.

Ndiaye played a crucial role in designing and structuring a $1 billion synthetic securitisation transaction in 2018. This transaction attracted first-time institutional investors to Africa and set a new standard within the multilateral development banks’ sphere.

I am humbled, excited, and privileged to be in a position to reinforce the Bank’s leadership in these areas

He led the syndication of different projects across Africa with a combined value to date exceeding $2.5 billion. He also led the negotiation and closing of the co-financing partnership with Japan, for a combined amount of $8 billion over the past 5 years.

Ndiaye has been the vice-chair of the Hybrid Capital working group which has helped deliver ground-breaking innovations for the Bank, including the structuring and design of the Bank’s maiden hybrid capital issuance and the rechanneling of the IMF Special Drawing Rights through the multilateral development bank conduit.

He joined the Bank in 2009 as Senior Treasury Risk Officer and was later appointed Principal Financial Analyst in the Treasury Department. He became Manager of the Financial Technical Services Division in 2018, and later served as Acting Director of the Syndication, Co-financing and Client Solutions Department.

Prior to joining the Bank, Ndiaye worked at International Finance Corporation’s Treasury Liquid Asset Management Department, and Wachovia Bank in the USA on the foreign exchange, interest rate and derivatives trading desk.

He holds a master’s degree in Finance and Capital Markets from Ecole Supérieure de Gestion de Paris (1999) and a Master of Business Administration from the University of North Carolina at Charlotte (2004).

Commenting on his appointment, Ndiaye said he was very grateful to President Adesina for this appointment and the confidence and trust bestowed upon him. “I look forward to continuing to serve the Bank at this very interesting time of multilateral development bank’s evolution, where resource mobilisation, balance sheet leveraging, partnerships and innovation, will be key in delivering on the Bank’s mandate and the forthcoming Ten-Year Strategy,” Ndiaye said. “I am humbled, excited, and privileged to be in a position to reinforce the Bank’s leadership in these areas,” he said.

The President of the Bank Group, Dr Akinwumi A. Adesina said he was pleased to appoint Max Magor Ndiaye as Director of the Syndication, Co-financing and Client Solutions Department. “Max, a seasoned, well-rounded, and respected professional, has been leading the Bank’s balance sheet leveraging and innovative financing mechanisms, which received widespread recognition, including as part of the work undertaken by the G20 independent expert panel on multilateral development banks’ capital adequacy frameworks,” Dr Adesina said. “His solutions-oriented approach, combined with a strong capacity to deliver will be critical in catalysing financing in the ongoing reforms of the international financial architecture,” the President said.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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2 days ago

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February 6, 2026

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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2 days ago

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February 6, 2026

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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2 days ago

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February 6, 2026

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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