The African Development Bank Group appoints Ousseynou Nakoulima as Director for Renewable Energy and Energy Efficiency

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The African Development Bank is pleased to announce the appointment of Mr. Ousseynou Nakoulima as the Director for Renewable Energy and Energy Efficiency with effect from 1st April 2017.

Nakoulima, a Senegalese, holds a Master of Business Administration from Harvard University Business School, USA and Master degrees in Engineering and Applied Mathematics from Ecole Polytechnique and Ecole des Mines in Paris.

He brings along more than 15 years of experience in energy, climate change, international banking and financial sector development.

Nakoulima has been the Director at the Green Climate Fund in Korea since 2014, with global responsibility for partnerships, country strategies and project preparation support. He was responsible for managing relationships with 140 countries, advising them on how to develop low carbon and climate resilient programs, while managing substantial financial resources for technical assistance and project development. As member of the senior management team of the Green Climate Fund, he was instrumental in the successful launch of the Fund, which has mobilized significant resources for renewable energy projects globally.

Before joining the Green Climate Fund, he worked at BNP PARIBAS from 2009 to 2014 in Paris and then in Senegal. As Deputy CEO of the local subsidiary, he positioned the Bank as lead advisor of the Government of Senegal in energy and infrastructure. He proposed innovative schemes to finance the overhaul of the electricity sector and coordinated the financing of a major airport project. He oversaw the mobile banking business to develop the concept for low-income banking and established new business lines including factoring, leasing and commodity finance.

Nakoulima had earlier on worked at the African Development Bank as Senior Investment Officer between 2002 and 2009, having joined the Bank as a Young Professional. During that time, he developed projects in fifteen countries in power, water, sanitation and infrastructure and led teams in high impact transactions, including a corporate loan to Eskom, the power utility of South Africa, a private hydropower project in Madagascar and the Bank’s first Public-Private advisory activity for a hydropower program in West Africa.

The President of the African Development Bank, Dr. Akinwumi Adesina, said of the appointment, “I am delighted that Ousseynou is joining the Bank. He brings global experience on developing and managing programs and partnerships for driving renewable energy, from his work at the Green Climate Fund. His extensive experience in renewable energy, power and infrastructure, climate change, development finance and investment banking will be great assets to the Bank as it drives the agenda on renewable energy and energy efficiency in Africa”.

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