World Bank
Joint Africa Institute (JAI)
Institut Multilatéral d'Afrique (IMA)
A Partnership of the African Development Bank, the International Monetary Fund and World Bank
High Level Seminar
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The Lord Charles Hotel, Somerset West,
Cape Town, South Africa, February 06-08, 2008
BIOGRAPHIES OF SPEAKERS/RESOURCE PERSONS
MOHAMMAD REZA VAEZ-ZADEH
Mohammad Reza Vaez-Zadeh is the Director of Joint Africa Institute (JAI) based in Tunis since
October 2007. Before his current assignment, he has served as: the Assistant Director of the
Africa Department at the International Monetary Fund (IMF); the Assistant Director of the IMF
Institute; an Advisor at the IMF Money and Capital Market Department (formerly Monetary and
Exchange Affairs Department). He also served as the IMF Resident Representative in Mali and
Cambodia. He holds a PhD in economics from the Johns Hopkins University, USA.
HARTWIG SCHAFER
Hartwig Schaefer has worked for over 17 years in professional and managerial positions in the
World Bank and the European Commission. His academic background is economics (PhD) and
agricultural economics (MA and MSc) and he has strong operational experience within Africa as
well as other regions.
As Director of Operations, in the Africa Regional Vice President’s Office, Mr. Schafer oversees
the implementation of the Africa Action Plan, with its focus on results and directs the work
currently underway on decentralization, the role of the country offices and country managers,
strategic staffing and budgetary trade-offs required to implement the Action Plan.
As former Chief Administrative Officer for the Africa Region, he gained experience in resource
management and corporate strategy. From 2003 to 2006 he served as Country director for
Malawi, Zambia and Zimbabwe – leading the Bank’s overall relationship and program delivery in
three countries. He spent two years on staff exchange with the European Union between 1996 and
1998.
JOHN PAGE
John Page is the Chief Economist of the Africa Region at the World Bank. In this position, which
he has held since July 1, 2004, he provides strategic and intellectual leadership in setting the
Bank’s agenda for Africa and guides the Region’s program of analytical and advisory work. He
is also Adjunct Professor at the Paul Nitze School of Advanced International Studies of the Johns
Hopkins University.
He has been a World Bank economist and manager since 1980, undertaking a wide range of
research, policy and operational assignments, including Chief Economist of the Middle East and
North Africa Region, Director, Poverty Reduction, and Director, Economic Policy. Prior to his
appointment at the World Bank, Dr. Page was a member of the faculty at Princeton University.
Dr. Page obtained his Bachelors degree in economics from Stanford University and his Doctorate
from Oxford University, where he was a Rhodes Scholar. He has published several books,
including the World Bank’s widely read study, The East Asian Miracle: Economic Growth and
Public Policy (Oxford: 1993), and more than sixty articles on the economics of developing
countries.
MANUEL OROZCO
Manuel Orozco is senior associate and director of remittances and development at the InterAmerican Dialogue. He has conducted extensive research, policy analysis and advocacy on issues
relating to global flows of remittances, and migration and development worldwide. Dr. Orozco is
an adjunct professor of remittances and development at George Washington University Elliot
School of International Relations and at Georgetown University, where he is senior researcher at
the Institute for the Study of International Migration. He frequently testifies before Congress and
has spoken before the United Nations. Formerly, he was chair of Central America and the
Caribbean at the U.S. Foreign Service Institute. Orozco holds a Ph.D. in political science from the
University of Texas at Austin, masters in public administration and Latin American studies, and a
BA in international relations from the National University of Costa Rica.
Manuel Orozco has published widely on remittances, Latin America, globalization, democracy,
migration, conflict in war torn societies, and minority politics. His recent publications include
reports for the U.S. Agency for International Development and the European Bank for
Reconstruction and Development. His books include Remittances: Global Opportunities for
International Person-to-Person Money Transfers (London: Lafferty Group, 2005) and
International Norms and Mobilization for Democracy (London: Ashgate Publishers, 2002).
PAPA NDIAYE
Papa Madiaw Ndiaye is the Chief Executive and founder of Advanced Finance and Investment
Group (AFIG). He launched AFIG at the end of 2005 with the intent to create a family of
investment funds targeting Africa and the emerging markets. AFIG is one of the first investment
funds with a senior management composed of Africans. AFIG's partners have professional
experience in private equity and with banks on Wall Street and in Europe but are all based in
Africa. The first fund established by AFIG is the Atlantic Coast Regional Fund (ACRF). ACRF is
a US$150 millions focused on West and Central Africa. It is the first large regional African fund
with an extensive network of relationships both in Anglophone and Francophone Africa.
Prior to forming AFIG, Papa was Director of Investments at Emerging Markets Partnership
(EMP) in Washington. He was one of three partners to raise the $407 million AIG African
Infrastructure Fund, which when launched in 2000, was the largest ever pan-African Fund. Prior
to joining EMP, he held senior responsibilities for IFC's equity and debt investment activities in
capital markets and financial institutions in Africa between 1996 and 2000 and helped launch
several landmark funds in Africa. Papa spent the early part of his career at Salomon Brothers and
joined JP Morgan's Emerging Markets Group in 1992. In 1994, he launched JP Morgan's
securities trading in Africa and the Middle East. In 2000, Papa was named Special Advisor for
Economic and Financial Affairs to the President of the Republic of Senegal and Chairman of the
Senegalese Presidential Economic & Financial Advisory Council. In the same year, he launched
MIDROC BVI, a direct investment vehicle for Sheikh Mohammed Al-Amoudi, a lead investor in
the AIG African Infrastructure Fund. He serves on the boards of a number of African companies
and non-profit organizations involved with Africa.
He holds an M.B.A. degree from the Wharton School of Business, an M.A. in International
Affairs from the University of Pennsylvania's Lauder Institute, and a B.A. in economics from
Harvard College. He is a citizen of Senegal and is fluent in French, English, Portuguese and
German (working knowledge). In 2004, he was selected as a "Young Global
Leader" by the World Economic Forum of Davos.
NATHANIEL FIELDS
Nathaniel Fields is the Vice President and Chief Executive Officer, Africa Operations, US
African Development Foundation. Nathaniel is an international development executive with more
than 25 years’ experience in the corporate business, governmental, charitable and philanthropic,
and private business sectors. He has deep on-the-ground practitioner experience successfully
promoting the building of profitable and competitive small and medium sized enterprises and
community development initiatives specifically focused on generating significant job creation,
increased incomes, technology transfer and wealth creation in Africa. He has an extensive
organizational leadership and business operations experience – including establishing new
organizations, defining and implementing growth strategies, raising capital, developing
competitive products and services, streamlining business operations, recruiting personnel,
business performance measurement systems, developing strategic partnerships, documenting and
promoting best practices.
In this current capacity, Nate has
 Transformed USADF into a leading job creation and small to medium sized enterprise (SME)
development agency targeting low income grassroots communities, youth, women and other
marginalized groups.
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Instituted a new business model anchored by the establishment and transformation of 16
indigenous country partner organizations into “best in class” business development service
providers.
Developed new job creation and SME development program initiatives including, microcredit, trade and investment, youth development, extractive industry supply chain, small
holder agricultural value chains, community-based housing and infrastructure and organic
products.
Crafted 12+ strategic partnerships with host governments, multinational corporations and
international donors with more than $10 million of additional external investment funds
raised annually in FY05, FY06 and FY07.
Doubled operating budget to $28 million in 2005 and significantly reduced overhead via
streamlined operations.
Nate has earlier worked as the Deputy Assistant Administrator of the African Bureau,
USAID; Director of Philantropic Services for the International Youth Foundation; Africa
Regional Vice President of World Vision; Senior Policy Analyst at the White House Office
of Science and Technology; and a Staff Economist at the US House of Congress. He holds an
MA in International Relations from John Hopkins University, Washington, DC, and a BA in
Economics, from Bluffton University, Bluffton, Ohio.
MICHAEL SUDARKASA
Michael E.M. Sudarkasa is a U.S. trained attorney/ consultant based in Johannesburg, South Africa, with
experience and expertise in facilitating trade and investment projects involving business expansion within
Africa, as well as between Africa and other parts of the world; drafting memoranda, legal agreements and
other documents related to the establishment and management of trade and investment projects; and
advising clients on the best ways to structure such projects in the target markets being pursued. He is a
commercial law specialist with a focus on cross-border transactions and intellectual property matters
related to broadcast media.
Mr. Sudarkasa has over 20 years of experience providing international trade and economic development,
legal, and financial research and analysis related to African private sector development and has travelled,
worked, or provided training and development assistance in 46 countries throughout the world (including
31 in Africa). He has also authored several articles and publications related to African trade and
investment, including The African Business Handbook: A Comprehensive Guide to Business Resources
for African Trade and Investment (21st Century Africa, Inc., 1991-92; 93-94; 96-97; 2007-8). He is also
the co-author of Investing in Africa: An Insider’s Guide to the Ultimate Emerging Market (John Wiley &
Sons, August 2000). Recent publications he has written include: The Trade House: The Biannual
Exhibitor Catalogue and Buyer’s Guide of the Absa International Trade Bureau (June 2005), The South
African Exporter’s Handbook (May 2006), and The BEE Handbook: A Comprehensive Guide to
Transformation Resources in South Africa (September 2005, July 2006).
Currently, Michael Sudarkasa heads the Africa Business Group (ABG), which includes Africa Business
Consulting (ABC), an international trade and economic development advisory services firm headquartered
in Johannesburg, South Africa, Africa Business Media (ABM), a publishing house focused on developing
Africa business focused hand books, guides and multimedia products, and Africa Business Tourism
(ABT), a business tourism and intra-Africa tourism focused firm.
ABC’s mission is to provide economic development related services to local and regional government’s in
Africa, generally, and South Africa, specifically. On a variety of initiatives, ABC serves as a Southern
Africa Trade and Investment Advisor of the Welsh Assembly in the U.K. In addition, ABC has been
invited to serve on the panel of economic development consulting firms of the 2010 FIFA World Cup
Mayoral (planning and implementation) Committee of the City of Johannesburg and on the Department of
Treasury’s panel of consultants for the national Neighborhood Development Programme. Through
Sudarkasa Management Advisors he also serves as a Legal Consultant to the Johannesburg based
commercial law firm Mchunu Koikanyang Attorneys (www.mchunukoikanyang.co.za).
Michael Sudarkasa received his Bachelors of Arts degree in 1985 from the University of Michigan -Ann
Arbor, with High Honors in History (African/African American Studies concentration). He received the
Juris Doctorate degree from Harvard Law School in 1988. A past Chair of the American Bar Association
African Law Committee, Mr. Sudarkasa is member of the Florida Bar Association, having been admitted
to that Bar in 1989 and to the Bar of the District of Columbia and The United States Court of International
Trade in 1990. He has been certified as an International Trade Specialist by the U.S. National Association
of State Development Agencies, has also been an Adjunct Professor at the Georgetown University
Graduate School of Business, and is fluent in French.
Of African -American and Nigerian parentage, Mr. Sudarkasa was born in New York City, and raised
principally in Ann Arbor, Michigan. Periodically, during his youth, he also lived in Ghana, Nigeria and
Benin. After law school he did post-graduate study in Paris, France and he lived and worked in Cote
d’Ivoire with the African Development Bank. He has been based in South Africa since January 1999.
DONALD TERRY
Donald F. Terry, a U.S. citizen, has been the General Manager of the Multilateral Investment Fund
(MIF) of the Inter-American Development Bank (IDB) since its inception in 1993. The $1.8 billion
Fund which is sponsored by 38 donor countries, promotes broad-based economic growth and poverty
alleviation through private sector development.
Toward that end, MIF actively seeks partners to help test the effectiveness of innovative ideas. MIF’s
projects are designed to become self-sustaining and eventually, through demonstration effect, reach
the scale necessary to improve the lives of millions of families throughout Latin American and the
Caribbean.
Over the past fourteen years, MIF has approved more than 1,000 projects, primarily grants, with over
800 civil society, private sector, and government partners. Together, these efforts are putting $ 2.2
billion to work in all twenty-six developing countries of the IDB.
These projects are helping to reform legal and regulatory frameworks, transform
microfinance systems in several countries, leverage the development impact of remittances, finance
job training programs for disadvantaged youth, promote venture capital, and improve the
competitiveness of the small business sector. As a result, MIF is now the largest provider of grant
finance to the region.
Before joining the MIF, Mr. Terry served as Deputy Assistant Secretary of the Treasury for
International Affairs, where he received that Department’s Meritorious Service Award in 1980. From
1982-1993, Mr. Terry served as Staff Director of three Congressional Committees: The Joint
Economic Committee, the House Committee on Small Business, and the House Committee on
Banking and Financial Institutions.
Mr. Terry holds a bachelor's degree in Political Science from Yale University (1968) and a law
degree from the University of California Law School at Berkeley (1972). He also graduated from the
Senior Managers in Government Program at the Harvard Business School in 1978.
He is married with four daughters and two grandsons. In addition to family activities, his favorite
pastime is agonizing over the Boston Red Sox.
PAUL BALOYI
Paul Baloyi is the CEO, Development Bank of Southern Africa (DBSA)
TADESSE ADMASSU
Tadesse Admassu is the Executive Vice President, Development Bank of Southern Africa (DBSA)
ROTIMI NIHINLOLA
Mr. Rotimi Nihinlola is the Group Head of Microfinance & International Organisations of
ECOBANK Transnational Incorporated (ETI), parent of ECOBANK Group, a leading African
banking group, presently operating in 20 countries across west, central and east Africa. Mr Nihinlola
is charged with the responsibility of implementing the microfinance strategy of ECOBANK across
Africa. He also manages the relationship of international organisations with ECOBANK
He has over a decade of banking experience covering various customer groups across retail,
wholesale and investment banking. He is also a chartered accountant and an alumnus of The
University of Sheffield, England and the Harvard Business School, USA
MICHAEL ASHONG
Michael Ashong is CEO, Investment Banking, ECOBANK, Ghana
IBRAHIMA DIALLO
Ibrahima Diallo is the Ag Head, African Development Institute, AfDB
SEAN NOLAN
Sean Nolan is the IMF Senior Resident Representative, Pretoria, South Africa
PETER ANDREW GUY SINON
Peter Sinon is an Executive Director at the African Development Bank (AfDB) representing Eritrea,
Ethiopia, Kenya, Rwanda, Seychelles, Tanzania, and
Uganda.