Africa Finance Corporation (AFC) has announced the appointment of Kirstine Damkjaer, former CEO of Danish export credit agency EKF, to its board of directors as an independent non-executive director.
Formerly of the International Finance Corporation (IFC) and the World Bank where she was notably Global Head of Industry Equity, Manager in the Global Infrastructure and Natural Resources Department, Director of the Asset Management Company of IFC and Senior Portfolio Manager at the World Bank Treasury, Pension Scheme and Endowment Fund, the qualified Chartered Financial Analyst (CFA) with a Masters Degree from Aarhus University (Denmark) will sit on the committee audit and compliance committee of the Company’s board of directors and the risk and investment committee of the board of directors.
“I am honored to join the AFC at such a pivotal time when, more than ever in the context of the Covid-19 pandemic, the company’s technical expertise and its unique access to global capital are absolutely necessary for African governments. who are working towards a resilient economic recovery, ”said Damkjaer.
Established in 2007, AFC has invested more than $ 8.7 billion in 35 African countries, stimulating development and integrating the economies of the continent. The agency has 31 member countries, representing more than half of the continent, and was recently designated as an eligible organization for the provision of official development assistance (ODA) through the Development Assistance Committee of the ‘OECD
