Donald P. Kaberuka (born 5 October 1951) is a Rwandan economist and was the president of the African Development Bank from September 2005 until September 2015.[1]
Kaberuka worked in banking and international trade for over a decade. In October 1997 he was appointed minister of finance and economic planning in Rwanda.[4] Kaberuka served in that position for eight years, and is credited with helping to stabilize the Rwandan economy from the effects of the 1994 genocide.
African Development Bank, 2005–2015
In July 2005, Kaberuka was elected president of the African Development Bank. He took office in September 2005.[5]
Kaberuka led an institution whose financial standing has been restored from the near collapse of 1995, but whose operational credibility remains a work-in-progress.[6] In addition to his role at the bank, Kaberuka was also a member of the Commission on Effective Development Cooperation with Africa which was set up by the prime ministerAnders Fogh Rasmussen of Denmark and held meetings between April and October 2008.[7]
A working group convened by the Center for Global Development, an independent Washington think tank, released a report in September 2006 that offered six recommendations for Kaberuka and the bank's board of directors on broad principles to guide the bank's renewal.[8] The report contains six recommendations for management and shareholders as they address the urgent task of reforming Africa's development bank. Prominent among the recommendations is a strong focus on infrastructure.
Global Fund, 2019–2023
Kaberuka serves as the chair of the board of the Global Fund to Fight AIDS, TB and Malaria. His two-year term began 16 May 2019.[9] In this role, Kaberuka helps raise at least US$14 billion for the Global Fund for 2020–2022. The funds will help save 16 million lives, cut the mortality rate from HIV, TB and malaria in half, and build stronger health systems by 2023, according to the Global Fund.[10] In 2021, the Board extended his tenure to the first Board Meeting of 2023.[11]
Other activities
Corporate boards
In December 2015, Kaberuka was appointed senior advisor to a consortium, "TPG/Satya", jointly owned by two private equity firms: the US-based TPG and the London-based Satya Capital, affiliated with Sudanese billionaire Mo Ibrahim.[12]
Other roles include:
Boston Consulting Group, senior advisor to the public sector, social impact and financial institutions practices (since 2017)[13]
Centum Investments, chairman and non-executive member of the board of directors (since 2016)
He is Managing Director of an emerging impact investor, Pan-African advisory and investment company, the SouthBridge Group.[14]
