Former AfDB president appointed High Representative for the AU Peace Fund

Dr. Donald Kaberuka

Dr. Donald Kaberuka

The former African Development Bank President Donald Kaberuka, has been appointed High Representative for the African Union Peace Fund.

The appointment was announced by the Chairperson of the Commission of the African Union (AU), Dr. Nkosazana Dlamini-Zuma this Wednesday.

Since the end of his tenure at AfDB last year, Kaberuka, a former Rwandan finance minister, has been pursued by several financial and academic global institutions and corporate companies.

In December 2015, the Kaberuka joined a firm working under the Mo Ibrahim Empire, as a senior advisor of TPG/Satya, where he would provide investment counsel on African operations.

TPG/Satya is a partnership between TPG Growth LLC and Satya Capital LLP, one of the multibillion investments by Mo Ibrahim Business Empire.

Prior to the above appointment last year in September, the Center for Public Leadership (CPL) at Harvard Kennedy School had announced Kaberuka would join the Center as a Hauser Leader-in-Residence from September 2015 through spring of this year.

Whether or not Mr. Kaberuka will take up the AU job, is something that he has not communicated but the AU believes that he is coming on board.

“Dr. Kaberuka will bring to the AU his globally appreciated knowledge on Development financing, as well as his well-known dedication to Africa,” Dr. Dlamini-Zuma said in a statement.

Donald Kaberuka, a Rwandan economist and former Minister of Finance, is currently serving on the Board of Trustees of the World Economic Forum, the Mandela Institute (Minds) and the Mo Ibrahim Foundation.

Dr. Kaberuka, 64, is credited for having helped revamp the Rwandan economy after the devastating genocide and 1994 and the AfDB.