AAMFI appoints Dr. Corneille Karekezi as Chairperson as the Alliance welcomes new members; Banque Ouest Africaine de Développement and Regional Maritime Development Bank
The Alliance of African Multilateral Financial Institutions (AAMFI) has appointed Dr. Corneille Karekezi as Chairperson of its Governing Council, succeeding Samaila Zubairu, President and Chief Executive Officer of the Africa Finance Corporation (AFC), who served as the Alliance’s second Chairperson following its establishment in 2024.
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The appointment was confirmed at the Ninth Meeting of the AAMFI Governing Council held on 14 February 2026, on the sidelines of the 39th Ordinary Session of the Assembly of Heads of State and Government of the African Union (AU Summit) in Addis Ababa, Ethiopia.
Dr. Karekezi currently serves as Group Managing Director and Chief Executive Officer of the African Reinsurance Corporation (Africa Re). He assumes leadership of AAMFI at a pivotal moment, as African multilateral financial institutions deepen collaboration to mobilize long-term capital, reinforce the continent’s financial architecture, and advance Africa-led solutions to development financing challenges Under his leadership, the Alliance will continue promoting stronger institutional coordination, addressing financing gaps, and strengthening Africa’s voice in global financial reform discussions, in alignment with Agenda 2063.
In addition, the Governing Council confirmed key leadership roles, naming Mr. Manuel Moses, Chief Executive Officer of the African Trade and Investment Development Insurance (ATIDI), as First Vice-Chairperson, and Mr. Thierno-Habib Hann, Managing Director and Chief Executive Officer of the Shelter Afrique Development Bank, as Second Vice-Chairperson.
The meeting also marked a milestone in AAMFI’s growth with the formal admission of two new members: the Regional Maritime Development Bank (RMDB) and the Banque Ouest Africaine de Développement (BOAD). Their admission enhances the Alliance’s regional reach and expands its capacity across maritime, infrastructure, trade, and development finance.
Reflecting on his tenure, Mr. Samaila Zubairu said: “It has been an honor to serve as Chairperson. Over the past year, we focused on creating jobs, transforming industries, and strengthening collaboration among our institutions. I am confident that under Dr. Corneille Karekezi’s leadership, AAMFI will continue to deepen its impact and advance Africa’s development priorities.”
On his appointment, Dr. Corneille Karekezi stated: “It is a privilege to lead AAMFI at this defining moment. Our focus will be on mobilizing African capital, strengthening collaboration among our institutions, and ensuring Africa’s development priorities are financed in ways that advance Agenda 2063.”