Chief Operating Officer

Africa50 is a specialized international financial institution created at the initiative of the African Development Bank (AfDB) and capitalized so far by the AfDB, 23 African countries and two African Central Banks. Subsequent funding is expected to come from African countries that are not yet investors in Africa50, but also from non-sovereign investors both in Africa and outside Africa. Africa50 aims to help accelerate infrastructure development in Africa leveraging the strong support of its government shareholders and the AfDB and has a mandate to operate commercially. Africa50’s committed capitalization is expected to reach $1 billion in in the next few months. The target is to raise $3 billion over the medium term to invest in commercially viable infrastructure projects across Africa. Africa50 has its headquarters in Casablanca. It enjoys all immunities and privileges recognized to International Financial Institutions.
Africa50 is seeking a Chief Operating Officer (“COO”) who will collaborate with the CEO and support the Senior Leadership Team, and oversee several non-investment functions of the organization. The COO will be an integral part of the executive management team and oversee human resources, investor relations, ESG management, strategy setting, corporate communications and IT.
The ideal candidate will be dynamic and results driven with a proven record delivering effective multi-functional leadership in first class organizations in the public or private sector. The successful candidate for the COO position will be an accomplished executive with unquestioned integrity as well as a track record of success.
This role reports to the CEO and requires a minimum of 15 years of proven leadership and relevant experience; an advanced degree in a related field of study or a relevant bachelor degree with considerable experience in senior management levels in public/private/multilateral sectors is also required. Fluency in English and/or French is required. Russell Reynolds Associates are assisting Africa50 with this appointment. For further information about any of these roles and details of how to apply, please visit Russell Reynolds Associates website at www.rraresponses.com. The closing date for applications 27th of November 2016.