Nigeria central bank chief Cardoso appointed AFC board chair
Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has been appointed as the board chair of the African Finance Corporation. The move aims to bolster the organization's infrastructure development and industrialization efforts across Africa.
Why it matters
Leadership changes in major financial institutions impact regional economic stability and infrastructure investment strategies.
--> The African Finance Corporation (AFC) has appointed Central Bank of Nigeria Governor Olayemi Cardoso as chair of its board of directors. He will replace Ireti Samuel-Ogbu, who will remain a board member, Premium Times Nigeria reports .
AFC said the appointment comes at a time when the corporation is expanding its work in financing and developing strategic infrastructure assets. The organization seeks to narrow Africa’s infrastructure gap, accelerate industrialization and strengthen regional integration.
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