WARNING AGAINST FRAUDULENT USE OF THE AFRICAN DEVELOPMENT BANK’S (AfDB) NAME Read more
Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth. In order to sharply focus the objectives of the Ten Year Strategy (2013 – 2022) and ensure greater developmental impact, five major areas (High 5s), all of which will accelerate our delivery for Africa, have been identified for scaling up, namely; energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.
The Vice Presidency for ‘Agriculture, Human, and Social Development’ is a Sector Complex focusing on the Bank’s Ten Year Strategy High 5s priority of “Feed Africa” and “Improve Quality of Life for the People of Africa”. The complex objectives are (i) to develop, policy and strategy; (ii) provide deep sector expertise to the Regions by gathering pools of experienced individuals who can be consulted to provide sector expertise on complex transactions; (iii) develop new financing instruments; (iv) the Vice President will act as the spokesperson to represent the Bank with external stakeholders on aspects of “Feed Africa” and “Improve quality of life for the people of Africa”.
THE HIRING DEPARTMENT/DIVISION:
The Water Development and Sanitation Department is part of the Agriculture, Human and Social Development Complex. The Department is responsible for the coordination of the Bank’s water development and sanitation-related activities to enhance synergies and contribute to the achievement of all High 5s (Power and Light Africa, Feed Africa, Industrialize Africa, Integrate Africa, and Improve the quality of life). Through its two Divisions, namely the Division for water coordination and partnerships and the Division for water security and sanitation, and the African Water Facility, the Department supports regional hubs in the development and promotion of new knowledge, approaches and tools for green and inclusive water resources development and management, and for improved sanitation. In so doing, the Department leads the scaling-up of the Bank’s contribution to Africa’s efforts to attain water security and sanitation for sustainable socio-economic transformation.
The Division for water coordination and partnerships acts in concert with the Division for water security and sanitation and the African Water Facility to fulfil the mandate of the Department. Specifically, the Division for water coordination and partnerships fosters strategic partnerships with regional and global partners to leverage resources into the water and sanitation sectors. It also directly contributes to the work of the various initiatives and trust funds hosted under the Water Development & Sanitation Department, and provides expertise to support the Agriculture, Human and Social Development Vice Presidency’s role as the Bank’s spokesperson to external audiences.
The Chief Finance and Private Sector Investment Officer position is responsible for ensuring thought leadership and providing operational support in regard to appropriate financing modalities for water security (including water supply and sanitation, environmental health, water for agriculture, electricity, industrialization and regional cooperation).
The objective of the Chief Finance and Private Sector Investment Officer is to identify, develop and apply appropriate and innovative sources, instruments and modalities of financing for water security, with the aim of optimising the use of existing funding and attracting additional financing to the sector to bridge the financing gap for investments and service provision.
The Chief Finance and Private Sector Investment Officer shall seek to maximise value for money and leverage co-financing for water sector investments in Africa by proactively seeking to understand sector priorities and overcome bottlenecks. The Chief Finance and Private Sector Investment Officer will identify and facilitate the implementation of a range of creative financing solutions that contribute to reforming and developing systems and modalities for delivering sustainable investments that contribute to water security. This will be done in line with the Bank’s strategic priorities and Water Policy.
The Chief Finance and Private Sector Investment Officer performs the following duties:
Including desirable skills, knowledge and experience
1. Hold a minimum of a Master's degree or its equivalent in finance, economics, business administration or related field.
2. Have a minimum of seven (7) years relevant experience developing, structuring or facilitating financing arrangements and solutions for infrastructure and basic service provision, of which at least 2 years in water and sanitation.
3. At least 2 years professional experience in developing countries (Least Developed Country; Middle Income Country).
4. Experience and understanding of Public Financial Management.
5. Experience and understanding of commercial finance.
6. Experience of Multi-lateral development banks (or similar financing institutions) and their operations in terms of project development and implementation process (project identification, preparation, appraisal, supervision).
7. Experience with a broad range of financing and implementation modalities including but not limited to budget support, project/program financing, results-based finance, PPPs including Design-Build-Operate.
8. Proven knowledge of the major challenges relating to mobilizing and applying infrastructure investments in Africa.
9. Understanding of the institutional/enabling environment for water sector investments; experience in preparing and implementing institutional reform, capacity development and transfer of knowledge.
10. Familiarity with various financing instruments including grants, loans, guarantees, equity.
11. Aptitude to design strategies as well as analytic work.
12. Communication, analytical and Report-writing skills.
13. Ability to build partnerships, lead teams and deliver results that meet the needs and long-term interest of clients within and outside the Bank.
14. Ability to communicate effectively (written and oral) in English or French. A working knowledge of the other will be an asset.
15. Competence in the use of standard Microsoft Office applications (Word, Excel, Access, PowerPoint); knowledge of SAP is desirable.
THIS POSITION IS CLASSIFIED INTERNATIONAL STATUS AND ATTRACTS INTERNATIONAL TERMS AND CONDITIONS OF EMPLOYMENT.
Should you encounter technical difficulties in submitting your application, please send an email with a precise description of the issue and/or a screenshot showing the problem to: HR Direct HRDirect@AFDB.ORG
To apply for this position, you need to be national of one of AfDB member countries.
Applicants who fully meet the Bank's requirements and are considered for interview will be contacted. Only online applications submitted with a comprehensive Curriculum Vitae (CV) and copies of the required degrees will be considered. The President, AfDB, reserves the right to appoint a candidate at a lower level. The African Development Bank is an equal opportunities employer. Female candidates are strongly encouraged to apply. www.afdb.org
The African Development Bank Group (AfDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the Bank does not request information on applicants’ bank accounts. The African Development Bank Group declines all responsibility for the fraudulent publications of job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.