Dr. Donald Kaberuka, the seventh president and a former chairman of the board of directors of the African Development Bank Group and a former finance minister of the Republic of Rwanda, has joined The Boston Consulting Group (BCG) as a senior advisor to its Public Sector, Social Impact, and Financial Institutions practices, the firm announced today.
Throughout his 20-year career in public service, Kaberuka has established a reputation for exemplary leadership in development finance and economic development, with a deep and abiding commitment to Africa. In 2005, he became president of the African Development Bank Group and was reelected in 2010. Under his leadership, the bank tripled its capital to $100 billion and doubled its portfolio, particularly in infrastructure and private-sector financing. In addition, the bank’s franchise value and stature grew significantly. Even amid the global financial crisis, the bank sustained its AAA rating. Kaberuka stepped down in 2015 after a ten-year tenure.
From 1997 through 2005, Kaberuka served as Rwanda’s minister of finance and economic planning. During that same period, he served as governor of Rwanda for the International Monetary Fund and the World Bank.
Hans-Paul Bürkner, chairman of BCG, said Kaberuka will help the firm advance its Africa strategy, advising on economic development, development finance, and financial institutions. “Donald’s leadership and vision are matched only by his effectiveness in reforming and revitalizing government and public institutions. His deep experience and wide-ranging expertise in economic policy and business issues, combined with his ability to forge strong public- and private-sector partnerships, will be tremendous assets to BCG and our clients.”
Pascal Cotte, BCG’s regional chair for Western Europe, South America, and Africa, “We are honored to have him as part of the team, a further example of our deep commitment to growth in Africa.”
Kaberuka serves on the boards of trustees of the Rockefeller Foundation, Mo Ibrahim Foundation, and Center for Global Development. He was Hauser Leader-in-Residence (2015–2016) at the Kennedy School Center for Public Leadership at Harvard University. Recipient of the 2014 Forbes Africa Lifetime Achievement Award, Kaberuka holds a PhD in economics from University of Glasgow.
“I am excited to be joining BCG at a time when the firm seeks to expand its role in Africa,” said Kaberuka. “BCG is highly regarded for its global reach and deep understanding of the unique challenges facing the public sector and business, and the particular needs of emerging and frontier economies. I’m looking forward to helping the firm extend its expertise in African economic development and financing, and to working with the firm to address the most pressing African and global development issues.”
Kaberuka is also currently senior advisor at the global private equity firm TPG/Satya and chairman of the board of Centum Investment. In early 2016, he was appointed the African Union’s special envoy for financing to assist in mobilizing the AU’s resources, including its Peace Fund activities. He sits on several international panels, including the Business and Sustainable Development Commission and the Center for Global Development’s panel on the future of multilateral development banking.
Credit: CNBC Africa