The Africa Finance Corporation (AFC) appoints Olayemi Cardoso, Governor of the Central Bank of Nigeria, as Chairman of its Board of Directors. Multiple outlets report that the appointment is announced publicly by AFC leadership and takes effect as Cardoso succeeds the previous chair.
Vanguard reports that Cardoso replaces Ireti Samuel-Ogbu, who served as chair and continues to serve in the corporation. Ghana MMA adds that AFC President and CEO Samaila Zubairu discloses the appointment on the sidelines of an IMF meeting in Bangkok, Thailand. Premium Times frames the change in leadership alongside the AFC’s ongoing efforts to expand its role in financing and developing infrastructure assets, aimed at addressing Africa’s infrastructure gap, supporting industrialisation, and strengthening regional integration. Across coverage, the appointment is consistently presented as part of AFC’s broader infrastructure and regional development mandate, with outlets differing mainly on the emphasis and timing details.
