14/10/2026
AFC appoints CBN governor Cardoso as board chairman
“The Africa Finance Corporation (AFC) has appointed Olayemi Cardoso, governor of the Central Bank of Nigeria, as chairman of its board of directors.
The corporation announced the appointment in a statement on Wednesday, October 14, saying Cardoso succeeds Ireti Samuel-Ogbu, who will remain a member of the board.
The appointment brings Cardoso’s experience in banking, economic policy and public sector leadership to the corporation as it advances infrastructure and industrial investments across Africa.
Samaila Zubairu, AFC’s president and chief executive officer, said Cardoso’s leadership would strengthen the corporation’s efforts to mobilise capital for projects that support productive capacity and job creation.
“We are delighted to welcome Mr Cardoso as our Board Chairman. He shares our conviction that Africa’s lasting stability depends on its productive capacity,” Zubairu said.
“His leadership will strengthen AFC as we advance The Africa We Build 2050, mobilising African capital to build the infrastructure and industries that create jobs, prosperity and dignity for our people.”
Cardoso said he looked forward to working with the board, management and member states to advance the corporation’s development agenda.
“A more productive Africa is a more stable Africa. AFC has the credibility and track record to mobilise capital and build the infrastructure and industries that drive transformation,” he said.”
Spread the loveThe Africa Finance Corporation (AFC) has appointed Olayemi Cardoso, governor of the Central Bank of Nigeria