Donald Kaberuka

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Donald k
Donald Kaberuka1.jpg
7th President of the African Development Bank
In office
1 September 2005 – 1 September 2015
Preceded byOmar Kabbaj
Succeeded byAkinwumi Adesina
Minister of Finance and Economic Planning
In office
7 October 1997 – 20 August 2005
Prime MinisterPierre-Célestin Rwigema
Bernard Makuza
Preceded byJean-Berchmans Birara
Succeeded byManasseh Nshuti
Personal details
Born (1951-10-05) 5 October 1951 (age 68)
Byumba, Rwanda
EducationUniversity of Dar es Salaam (BA)
University of East Anglia (MPhil)
University of Glasgow (PhD)

Donald P. Kaberuka (born 5 October 1951) is a Rwandan economist and was the president of the African Development Bank from September 2005 until September 2015.[1][2]

Early life and education[edit]

Kaberuka was born in Byumba, Rwanda.[3] He studied at the University of Dar es Salaam as an undergraduate and obtained his MPhil in Development Studies from the University of East Anglia in 1979. He received his PhD in economics from the University of Glasgow.[4]

Career[edit]

Kaberuka worked in banking and international trade for over a decade. In October 1997 he was appointed minister of finance and economic planning in Rwanda. Kaberuka served in that position for eight years, and is credited with helping to stabilize the Rwandan economy from the effects of the 1994 genocide.

African Development Bank, 2005–2015[edit]

In July 2005, Kaberuka was elected president of the African Development Bank (AfDB). He took office in September 2005.[5]

Kaberuka led an institution whose financial standing has been restored from the near collapse of 1995, but whose operational credibility remains a work-in-progress.[6] In addition to his role at the bank, Kaberuka was also a member of the Commission on Effective Development Cooperation with Africa which was set up by the prime minister Anders Fogh Rasmussen of Denmark and held meetings between April and October 2008.[7]

A working group convened by the Center for Global Development, an independent Washington think tank, released a report in September 2006 that offered six recommendations for Kaberuka and the bank's board of directors on broad principles to guide the bank's renewal.[8] The report contains six recommendations for management and shareholders as they address the urgent task of reforming Africa's development bank. Prominent among the recommendations is a strong focus on infrastructure.

Global Fund, 2019–2021[edit]

Kaberuka serves as the chair of the board of the Global Fund to Fight AIDS, TB and Malaria. His two-year term began 16 May 2019.[9] In this role, Kaberuka helps raise at least US$14 billion for the Global Fund for 2020–2022. The funds will help save 16 million lives, cut the mortality rate from HIV, TB and malaria in half, and build stronger health systems by 2023, according to the Global Fund.[10]

Other roles[edit]

Corporate boards

In December 2015, Kaberuka was appointed senior advisor to a consortium, "TPG/Satya", jointly owned by two private equity firms: the US-based TPG and the London-based Satya Capital, affiliated with Sudanese billionaire Mo Ibrahim.[11]

Other roles include:

  • Boston Consulting Group (BCG), senior advisor to the public sector, social impact and financial institutions practices (since 2017)[12]
  • Centum Investments, chairman and non-executive member of the board of directors (since 2016)

Non-profit organizations

In 2017, it was announced that Kaberuka would be joint chair of the LSE-Oxford Commission on State Fragility, Growth and Development under the auspices of the International Growth Centre alongside former UK Prime Minister David Cameron.[13] In 2019, United Nations Secretary-General António Guterres appointed him as co-chair of the High Level-Panel on Internal Displacement, alongside Federica Mogherini.[14]

Other roles include:

Recognition[edit]

  • On 16 March 2015, he was awarded Lifetime Achievement Award in Geneva.[20]
  • On 27 May 2015, he was awarded the prestigious Leaders for a Living Planet award by WWF.[21]

References[edit]

  1. ^ Xiaodan, Du (16 May 2007). "Premier: China to continue assistance for African countries". Xinhuanet. Retrieved 11 April 2009.
  2. ^ Dogbevi, Emmanuel K. (31 August 2015). "Kaberuka walks out of AfDB today, after 10 years". Ghana Business News. Retrieved 1 September 2015.
  3. ^ "Mr. Donald Kaberuka – Who's Who Profile". Africa Confidential. Retrieved 11 April 2009.
  4. ^ "Leader Profile: Donald Kaberuka, President of the AfDB". Devex. 22 September 2005. Retrieved 4 February 2014.
  5. ^ AfDB, . (22 December 2005). "President Kaberuka Meets President Ben Ali". African Development Bank (AfDB). Retrieved 1 September 2015.CS1 maint: numeric names: authors list (link)
  6. ^ AfDB, . (28 August 2015). "Donald Kaberuka, AfDB President 2005-2015 - A Passionate Advocate for Infrastructure and Development Soldiering". African Development Bank (AfDB) via AllAfrica.com. Retrieved 1 September 2015.CS1 maint: numeric names: authors list (link)
  7. ^ Commission on Effective Development Cooperation with Africa Folketing.
  8. ^ "Building Africa's Development Bank: Six Recommendations for the AfDB and its Shareholders" (PDF). Center for Global Development. August 2006. Archived from the original (PDF) on 25 November 2010. Retrieved 11 April 2009.
  9. ^ "Global Fund Board Steps Up the Fight Against AIDS, TB and Malaria". The Global Fund to Fight AIDS, Tuberculosis and Malaria. The Global Fund to Fight AIDS, Tuberculosis and Malaria. Retrieved 16 May 2019.
  10. ^ "Global Fund Selects Donald Kaberuka as Board Chair and Roslyn Morauta as Vice Chair".
  11. ^ Herbling, David (10 December 2015). "Kaberuka joins Mo Ibrahim's giant PE fund as senior adviser". Business Daily Africa. Narobi. Retrieved 12 December 2015.
  12. ^ "Former AfDB President Donald Kaberuka gets new post - CNBC Africa". CNBC Africa. 8 December 2016. Retrieved 14 April 2017.
  13. ^ "Commission on State Fragility, Growth and Development".
  14. ^ High-Level Panel on Internal Displacement United Nations, press release of 3 December 2019.
  15. ^ Board Mo Ibrahim Foundation.
  16. ^ Advisory Board Brenthurst Foundation.
  17. ^ "Donald Kaberuka joins GLF". www.g-l-f.org. Retrieved 18 January 2019.
  18. ^ Omusolo, Moses (3 November 2015). "Kaberuka Appointed to Rockefeller Board". Business Daily Africa. Nairobi. Retrieved 12 December 2015.
  19. ^ "Global Advisory Council - ALU". ALU. Retrieved 1 May 2017.
  20. ^ Bank, African Development (12 February 2019). "Donald Kaberuka receives Lifetime Achievement Award at Africa CEO Forum in Geneva". African Development Bank - Building today, a better Africa tomorrow. Retrieved 23 March 2020.
  21. ^ "Donald Kaberuka of African Development Bank feted with the WWF Leaders for a Living Planet award | WWF". wwf.panda.org. Retrieved 23 March 2020.
Political offices
Preceded by
Jean-Berchmans Birara
Minister of Finance and Economic Planning
1997–2005
Succeeded by
Manasseh Nshuti
Diplomatic posts
Preceded by
Omar Kabbaj
President of the African Development Bank
2005–2015
Succeeded by
Akinwumi Adesina