Abidjan, Ivory Coast — Uganda Improvement Financial institution (UDB) Managing Director, Dr. Patricia Ojangole, has been appointed Chairperson of the Affiliation of African Improvement Finance Establishments (AADFI), the umbrella group for improvement finance establishments in Africa.
Ojangole’s appointment was introduced throughout the 51st Abnormal Normal Meeting of AADFI, held on Might 26, 2025, on the Sofitel Resort Ivoire in Abidjan, Côte d’Ivoire, as a part of the Affiliation’s Annual Normal Meeting and the celebration of AADFI’s fiftieth Anniversary.
“Dr. Ojangole distinguished herself as the primary Vice Chairperson of AADFI from 2019 to 2025, and her elevation to Chairperson marks a historic moment–she is the primary lady to carry this esteemed place because the Affiliation’s inception,” a quotation from AADFI learn partially.
Her management, the assertion prepared,”displays UDB’s dedication to excellence, inclusion, and transformative improvement throughout Africa.”
The UDB Managing Director succeeds Thabo P. Thamane, the CEO – Citizen Entrepreneurial Improvement Company (CEDA) Botswana, who has chaired the AADFI Board since June 2019.
In her acceptance speech throughout the Normal Meeting in Ivory Coast on Monday, Ojangole acknowledged that it’s an honor to simply accept the place of the chairperson of AADFI, appreciating the Normal Meeting for the arrogance bestowed upon her to serve each the affiliation and the African individuals.
She challenged AADFI members–who comprise over 91 member establishments made up of nationwide, regional, and multilateral improvement finance establishments in Africa and from different continents engaged in improvement finance actions in Africa–to mirror on whether or not they’re making the African individuals affluent.
“Are we creating jobs in numbers that correspond with the inhabitants development in our nations? Are we industrializing our economies? And what measures are we taking, if something, to considerably enhance exports, substitute imports and create native worth chains?” she additional mirrored.
These, she famous, are the problems that motivated her to simply accept the place of chairperson of AADFI. Including to that, her tenure will concentrate on creating thriving, affluent and superior economies throughout Africa by means of sturdy nationwide DFIs.
“We are going to solely be making good progress if we aren’t afraid of doing new issues, accepting huge challenges, and popping out of our consolation zone, the place we observe ages-old methods of governing DFIs throughout Africa.”
The AADFI Board is accountable for conducting the affiliation’s actions and for supervising the Normal Secretariat. It includes the Bureau, composed of the chairman and two vice-chairmen. 5 members representing the 5 sub-regions of the continent as outlined by the UN Financial Fee for Africa or as could also be decided occasionally by the Normal Meeting, and a member elected by the particular and honorary members.
Created beneath the auspices of the African Improvement Financial institution in 1975, AADFI’s targets are; to stimulate cooperation for the promotion and financing of sustainable improvement in Africa, and to encourage the method of financial integration within the African area.
The affiliation is a founding member of the World Federation of Improvement Financing Establishments, which brings continental DFIs’ Associations beneath one international platform. Additionally it is a member of the World Sustainable Finance Community. The AADFI has an observer standing on the World Financial institution.
Who’s Ojangole?
Ojangole is an expert accountant with over 20 years of expertise in banking and finance.
She holds a PhD in Improvement Finance and a Grasp of Philosophy in Improvement Finance (cum laude) each from the College of Stellenbosch Enterprise Faculty, South Africa. She additionally holds an Govt Grasp of Enterprise Administration from Jap and Southern Africa Administration Institute (ESAMI), Arusha, Tanzania; a Bachelor of Commerce (Hons) Diploma from Makerere College, Uganda and has accomplished a number of management and administration packages.
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Ojangole is a Fellow of the Affiliation of the Licensed Chartered Accountants (UK); a member of the Licensed Public Accountants of Uganda (ICPAU), in addition to The Institute of Inside Auditors Uganda (IIA).
She is a member of the Board of Uganda Improvement Financial institution Ltd, Uganda Banker’s Affiliation, Trademark Africa, Liberty Life Assurance (U) Ltd, Uganda and serves as a Council member at Busitema College Ltd.
Ojangole has been instrumental in remodeling Uganda Improvement Financial institution into a contemporary and environment friendly establishment enjoying a catalytic function within the authorities’s agenda of personal sector improvement and job creation. Beneath her tenure, UDB’s stability sheet has grown tenfold from sh109 billion in 2013 to sh1.78 trillion in 2024.
