Cardoso Named Chairman of Africa Finance Corporation

Central Bank of Nigeria Governor Yemi Cardoso has reportedly been appointed Chairman of the Africa Finance Corporation, the pan-African multilateral development finance institution, announced on Wednesday.

AFC President and CEO Samaila Zubairu disclosed the appointment on the sidelines of the International Monetary Fund and World Bank Annual Meetings in Bangkok, Thailand.

Cardoso replaces Ireti Samuel-Ogbu, who has chaired the AFC Board since April 2025.

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Samaila Zubairu (News Central TV) — President and Chief Executive Officer of AFC, Samaila Zubairu. Credit: Guardian.

The AFC is a pan-African multilateral development finance institution focused on financing infrastructure and industrial development across the continent. Its activities span sectors critical to economic growth, including energy, transport, natural resources and telecommunications.

AFC is expected to make a formal announcement of the appointment soon.

More details later.

Author

Jimisayo Opanuga

Jimisayo Opanuga is a web writer in the Digital Department at News Central TV, where she covers African and international stories. Her reporting focuses on social issues, health, justice, and the environment, alongside general-interest news. She is passionate about telling stories that inform the public and give voice to underreported communities.