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Home Africa

World Bank makes Diop first African to head its Private Sector arm

Mark-Anthony Johnson by Mark-Anthony Johnson
February 19, 2021
in Africa, DFI, FA, Finance
Reading Time: 1 min read
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World Bank makes Diop first African to head its Private Sector arm
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The World Bank on Thursday said it had named Makhtar Diop as the new managing director of its private sector arm, the International Finance Corp, a position key to boosting the bank’s efforts to fight climate change and inequality.

Diop, a Senegalese national and the former minister of economy and finance of the West African nation, is currently serving as the World Bank’s vice president for infrastructure, where he oversees the bank’s work across energy, transport, digital development and other sectors.

He also served as the bank’s vice president for Africa for six years, where he oversaw a record-breaking US$70B in commitments.

In a statement, World Bank President David Malpass praised Diop’s experience in both the public and private sectors, saying he will help attract investment to low-carbon energy, transportation, clean water, digital services and other infrastructure.

Also read: World Bank to invest US$5B in 11 African countries

https://lnkd.in/eC8ZNVG

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Tags: africaFinanceIFCInternational Finance CorporationMark-Anthony JohnsonWorld BankWorld Bank GroupWorld Bank makes Diop first African to head IFC Private Sector armафрикаأفريقياアフリカ非洲
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Mark-Anthony Johnson

Mark-Anthony Johnson

MARK-ANTHONY JOHNSON is the founder and CEO of JIC Holdings, an innovative private holding company established in 2009 which he has built into an international asset and investment management company with offices, associates and investments around the globe. This followed the success of the JIC Group which he founded in 1985. He was educated in the UK at Mill Hill School and then achieved a BA (Hons) in Business and International Finance at University of Westminster. Mark-Anthony’s vision has long been towards emerging and frontier markets with particular emphasis on Africa, Latin America and the Caribbean and his philosophy can be summed up in the phrase “knowledge is power”. Mark-Anthony is also enthusiastic about the latest communication tools, which he uses intensively to keep in touch with up to the minute data. With a deep-rooted connection to the African continent, Mark-Anthony has been passionate about developments in Africa for over 30 years. He has worldwide interests in mining, infrastructure, power, electricity, shipping, commodities, agriculture and fisheries and is currently looking to develop farms across Africa. Mark-Anthony has a vision for a future Africa as the breadbasket of the world. For many years Mark-Anthony has been active on the ground in Africa through his charitable foundation, the Johnson Foundation. Created in 1989, it first provided assistance to people in his ancestral home country, Sierra Leone, even before the civil war. Once the war started, his aid was even more necessary and became focussed on Mark-Anthony’s major concerns for Africa -education, clean water and medical assistance. Over the years, the Foundation’s work has been extended into many parts of Sub-Saharan Africa and has been instrumental in setting up new clinics and rehabilitating villages, schools, places of worship, water facilities etc.

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