CDC Group, the UK’s development finance institution, has added two new non-executive directors as it seeks to diversify its board.
Dolika Banda and Andrew Alli are joining from their respective posts in Lusaka and Lagos.
Banda is CEO of African Risk Capacity Insurance with experience in similar roles on the boards of Ecobank Transnational and the UK’s Department for International Development (DfID)’s Financial Sector Deepening Africa programme. She is a Zambian national with more than 25 years in international finance and banking, and has worked in Africa, Europe, Latin America, the Caribbean and the US.
Alli, a dual citizen of the UK and Nigeria, most recently held the title of president and CEO of the Africa Finance Corporation, a multilateral financial institution focused on improving Africa’s critical infrastructure. His experience in both developed and developing countries spans more than 30 years, and he is currently a non-executive director and chair of the audit committee for the Development Bank of Nigeria.
“As well as bringing an impressive wealth of experience in finance and development finance, both will play an important role in bringing the voice of African business right into the heart of CDC’s governance as we seek to accelerate economic development on the continent,” Graham Wrigley, CDC’s chairman said.
Banda has also held a senior position at Barclays Bank Zambia and holds a Master’s degree in International Business from Schiller University. Alli spent more than a decade with the International Finance Corporation (IFC), where he was country manager for Nigeria and South Africa.