Board of Directors

Independent Director

Mr Moustapha COULIBALY is currently a senior partner with the firm BDO in Côte d’Ivoire. Previously, he was the managing partner of Grant Thornton Côte d’Ivoire (20122018) and COO of Deloitte & Touche Côte d’Ivoire (2000-2007).

He holds a USA CPA degree (Certified Public Accountant), an MBA degree in Finance & Management from ADELPHI University, Long Island, New York, USA; a bachelor’s degree in Management and a Master’s degree in Finance from the University of Abidjan, Côte d’Ivoire.

Mr COULIBALY was external auditor (Audit Partner) of the AfDB group for 25 years, external auditor of Africa Re for 8 years (as Engagement Partner) and of CICA RE for 9 years (as Engagement Partner).

Effective June 2023, Mr COULIBALY is the chairman elect of the Board of Allianz Côte d’Ivoire Assurance IARD and chairman of the Board of Allianz Côte d’Ivoire Assurance Life.

He also sits on the Board of “Banque Internationale pour le Commerce et l’Industrie” (BICICI Côte d’Ivoire) as an Independent Director, effective April 2023, where he chairs the Audit Committee, and serves in the Risk Committee. 

He is the founder of Lycée Maurice DELAFOSSE in Abidjan, Côte d’Ivoire and served as Chairman of the Board from inception in 2004 to 2017.

Dr Mohamed Farid Saleh was appointed Chairman of the Financial Regulatory Authority (FRA) of the Arab Republic of Egypt in August 2022 and is also a Board Member of the Central Bank of Egypt (CBE).

In September 2022, he was elected Chair of the IOSCO Growth and Emerging Markets Committee (GEMC) and Vice Chair of IOSCO Board. Furthermore, Dr Farid is currently the Vice Chair of the Advisory Board for GFANZ Africa Network.

Throughout his outstanding professional career, Dr Farid has held a number of leading positions, amongst others, the Executive Chairman of the Egyptian Exchange (EGX) since August 2017 and his tenure was extended for another period. During this period, he also held many significant international positions namely; Chairman of the Federation of Euro-Asian Stock Exchanges (FEAS) from 2017 to 2019 and from 2021 to August 2022; Chairman of the Arab Federation of Capital Markets (AFCM) from 2019 to2021, Chairman of the Emerging Markets Working Group at the World Federation of Exchanges (WFE) from 2017 to 2021. In addition, Dr Farid served as Board Member of the African Securities Exchanges Association (ASEA) from 2017 to August 2022. Prior to his appointment as Executive Chairman of EGX, he was Chairman and CEO of Dcode EFC - a leading economic forecasting firm in Egypt.

Between 2013 and 2016, Dr Farid was External Consultant on Venture Capital (VC) and Financial Leasing for the World Bank Group in Egypt, and a Member of the Capital Market Advisory Committee established by the Financial Regulatory Authority (FRA). In addition, he served as Vice Chairman of EGX from 2010 to2011 and part-time lecturer for Financial Markets, International Finance, and Financial Derivatives at the American University in Cairo (AUC) and the Arab Academy for Science, Technology and Maritime Transport (AASTMT).

The areas of reforms that he embarked upon were: a complete revamp of the insurance regulatory and legal framework in Egypt, deepening capital markets and financial inclusion through digitalization and enabling the adoption of new technological advancement in the field of financial technology.

Dr. Farid holds a PhD in Financial Economics from Cardiff Metropolitan University - UK, an LLM in International Financial & Commercial law from King's College London (KCL) – UK, an MSc in Quantitative Finance from Bayes Business School - City, University of London - UK, an MSc in Economics, in Project Analysis, Finance & Investment from York University - UK, and an MBA from the Arab Academy for Science, Technology & Maritime Transport (AASTMT) - Egypt. He also holds a certificate in Venture Capital from UC Berkley - USA, a certificate in Time-Series Analysis from Timberlakes, Cambridge University - UK, and a BSc in Foreign Trade and Economics from Helwan University - Egypt.

Director

Mrs Faouzia ZAABOUL is Inspector of Finance of exceptional level. She is the current Director of Treasury and External Finance at the Ministry of the Economy, Finance and Administrative Reform of the Kingdom of Morocco. Previously, she held the following positions within the same Ministry: Deputy Director of Treasury and External Finance in charge of the “Macroeconomics and Domestic Debt” Unit (2007-2010); Head of the Capital Market Division (1995-2007); Head of the Development of Financial Instruments (1994 - 1995) and Head of service for Bilateral Funding (1992-1994). 

Mrs ZAABOUL occupies various positions of representation, including the following: Member of the Commission for the Transfer of Public Enterprises to the Private Sector since April 2019; Board Member of the Insurance and Social Security Supervisory Authority (ACAPS) since April 2016; Board Member of the Moroccan Capital Market Authority (AMMC) since 2016; Member of the Commission for the Coordination and Supervision of Systemic Risks since June 2015. 

Mrs ZAABOUL is holder of 2éme CES in Economics; 1st year MBA, ESC, Toulouse; and ISCAE Diploma (short duration, Strategic Management).

Director

Delphine Traoré is the Chief Executive Officer of SanlamAllianz General Insurance since September 2023, following the successful merger of Allianz and Sanlam operations across the African continent.

Prior to this appointment, she served as CEO of Allianz Africa from November 2021 to August 2023, while retaining her previous roles as Member of the Board of Directors and Chief Operating Officer, positions she has held since 2017.

She joined the Allianz Group in 2005 at the Canadian subsidiary of Allianz Global Corporate & Specialty (AGCS). From 2012 to 2017, she served as CEO of AGCS Africa in South Africa.

Delphine holds a Chartered Property and Casualty Underwriter (CPCU) certification from the American Institute for Chartered Property Casualty Underwriters. She has served consecutively as Vice-President and then President of the African Insurance Organization (AIO) and as President of the Insurance Institute of South Africa. She is a member of the Board of Directors of Africa Reinsurance Corporation (Africa Re) and sits on the boards of African Risk Capacity Ltd (ARC), the Alliance for a Green Revolution in Africa (AGRA), and Ivanhoe Mines as a Non-executive Director.

Mrs Estelle TAGNONGOH TRAORE is a prominent figure in the African insurance industry. She is a former Alternate Director of the Board of Directors of Africa Re and is the current Managing Director of two insurance companies of the BCP-Maroc Group in Côte d'Ivoire namely, Assurance Atlantique Vie and Assurance Atlantique Non-Vie.

With a solid academic background, Mrs Traore holds an Executive MBA from the Centre des Hautes Études en Assurances (CHEA) of the Paris-Dauphine University, a Master’s in Audit, Tax and Management Control from the Cheikh Anta Diop University, a DESS in Project Management and a Maîtrise Professionnelle in Business Management and Organisation from the prestigious CESAG in Dakar.

She began her career in Côte d'Ivoire in 2001, then in Senegal and Mali, before joining the Atlantic Financial Group (AFG) in 2007. Thanks to her expertise and leadership, she quickly rose through the ranks, successively holding positions of responsibility. She was appointed Deputy Managing Director of Groupement Togolais d'Assurances - Compagnie Africaine d'Assurance Vie (GTA C2A-Vie) in Lome, Togo, before becoming Managing Director of Atlantique Assurance Vie in Côte d'Ivoire and then Managing Director of Atlantique Assurance Vie et non Vie.

Her strategic vision and in-depth understanding of the challenges facing the sector enabled her to transform the company, undertaking innovative initiatives and mobilising her team to work towards ambitious goals. Her commitment to the development of the insurance sector in Côte d'Ivoire is widely recognised, notably through her membership of the Executive Bureau of the Association of Insurance Companies of Côte d'Ivoire (ASA-CI).

In recognition of her contributions, she was made a Knight of the Ivorian Order of Merit on 10 July 2023, an award presented by the Minister of the Economy and Finance on behalf of the President of the Republic of Côte d'Ivoire and the Grand Chancellor.

The undeniable leadership of Mrs TRAORE is also seen in her active involvement in a charitable association and in her love for child welfare.

Meryem Chami is a graduate of “Ecole Nationale Supérieure Télécom Bretagne” and holds an Executive MBA from Ecole des Ponts et Chaussées, along with a certificate in Management from the Massachusetts Institute of Technology (MIT).

Her professional career began as a Network and Telecommunication Consultant at Siticom in Paris. In this role, she worked on projects throughout Europe, Asia and Africa, and developed Siticom’s presence in Morocco.

Upon her return to Morocco, she joined Attijariwafabank, where she successively held the positions of Group Purchasing Director and Director in charge of implementing the Information Technology Master Plan.

In 2008, she became part of OCP, the leading Moroccan company operating in mining and chemical industry, initially as Chief of Staff to the Group's CEO and later as Deputy General Secretary of the Group in charge of transformation (HR, IS, communication, organization, consulting, etc.). She subsequently served as the Executive Director responsible for planning, steering and transformation of the group.

Meryem Chami played a pivotal role in launching Capgemini Engineering in Morocco in 2015, global leader in engineering, serving as CEO since January 2015. She also expanded their presence into Tunisia in July 2017. By March 2020, Capgemini Morocco had a work force of over 2000 engineers, and Tunisia employed nearly 300 engineers. She was a member of Altran Group Executive Committee.

In March 2020, she joined AXA Assurance Maroc and CIMA (Senegal, Côte d’Ivoire, Cameroon, Gabon) as Director of Transformation and subsequently took on the role of CEO from October 2020.

She has been appointed as AXA Africa CEO since September 2023 covering 10 countries.

Furthermore, Meryem serves as an independent Board member of the Moroccan Investment and Export Development Agency (AMDIE), HPS (payment leading company) and the Morocco Business Council (CGEM). She is also a corresponding member of France's Foreign Trade Advisors. As AXA representative, she also holds Board member positions in BMCI (BNP Paribas subsidiary in Morocco), CFG, SCR (Moroccan reinsurer), Public Transport Insurer (CAT) and many African AXA subsidiaries.

Director  

He is a professional insurer and holds degrees in Economics and Finance. Mr MARAMI equally has a Postgraduate degree in insurance.  

Mr Yared MOLA has over 30 years of proven track record in risk management, insurance, reinsurance and strategic leadership.

He is a graduate of Addis Ababa University, Ethiopia, holds an MBA from the University of Greenwich UK and is currently a Doctoral (PHD) student at the Paris School of Business. He is also FLMI and ACS.

Mr Yared MOLA is currently the CEO of Nyala Insurance S.C, President of the Association of Ethiopian Insurers and Vice President of the African Insurance Organization (AIO). He is also a board member of the Ethiopian Insurance Fund Administration Agency.

Mr Yared MOLA is a trailblazer in the Ethiopian Insurance Industry and is known for his innovative business leadership skills and insurance and reinsurance expertise. In the 2019 edition of the African Insurance Awards, Mr Yared MOLA was the winner of the CEO of the Year category.

Alhaj Kaddunabbi Ibrahim Lubega is a Fellow and Certified Professional of the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) with over 20 years hands-on experience in finance operations, regulation and supervision. He has passion for good governance, policy making, standard setting and capacity building. Currently, he is the Chief Executive Officer of the Insurance Regulatory Authority of Uganda (IRA) and Chairman of the East African Insurance Supervisors Association (EAISA).

Alhaj Kaddunabbi is also the Past President of the African Insurance Organisation (AIO), 2017/18. As Chief Executive Officer, Alhaj Kaddunabbi has presided over several reforms (Legal and Regulatory) aimed at strengthening the oversight role of the Authority.

Prior to his current assignment, Alhaj Kaddunabbi was a Legislator in the Parliament of the Republic of Uganda for 10 years where he chaired the Parliamentary Committee on the National Economy and Board of Trustees of the Parliamentary Pension Scheme. He was also an Executive Member of the Parliamentary Union of the Organization of the Islamic Conference. During his 10-year tenure at Parliament, Alhaj Kaddunabbi participated in scrutinizing government programmes and all matters related to national economy and finance as well as monitoring the state of the national economy.

Alhaj Kaddunabbi is a member of the Steering Committee of the East African Community Financial Sector Development and Regionalisation project, Financial Markets Development Apex Committee, Accountability Sector Steering Committee, among others. He brings to these committees his expertise in finance and legislative disciplines. He also sits on regional and international committees such as the East African Insurance Financial sector and Regionalisation projects steering committee and Access to Insurance Initiative Governing Council, respectively. These engagements have given him an opportunity to gain deeper understanding of the workings of the broader Financial Markets ranging from Insurance and Pension, Banking, to Capital Markets.

Alhaj Kaddunabbi holds a Doctorate in Business Administration (finalising), and a Masters degree in Economic Policy and Planning from Makerere University, Uganda. Alhaj Kaddunabbi also holds a Bachelor of Science in Economics from Makerere University, Uganda.

Director

He is the current Chairman of Fairfax International, Executive Committee Member of Fairfax Financial Holdings Limited and Vice President of International Operations. Mr Cloutier holds a Bachelor’s degree in Actuarial Science from Laval University, Quebec City. He is a fellow of the Canadian Institute of Actuaries (FCIA) and the Casualty Actuarial Society (FCAS). He represents Fairfax on numerous subsidiary and industry trade boards.

Mr Olusegun Ayo Omosehin is a multidisciplinary professional with over three decades of hands-on experience spanning strategic planning, risk management, organizational restructuring, and performance management in the insurance sector.

He is currently the Commissioner for Insurance/Chief Executive Officer, National Insurance Commission, Nigeria. Prior to his appointment in April 2024, he was the Chairman of the Nigerian Insurers Association, the umbrella association of all insurance and reinsurance companies in Nigeria, as well as the Managing Director & Chief Executive Officer of Old Mutual Nigeria Life Assurance Company Limited, the Nigerian subsidiary of the Old Mutual Group, South Africa.

He is a Fellow of the Chartered Insurance Institute of Nigeria (FIIN), and a Fellow of the Institute of Directors (FIoD).

Mr. Omosehin holds an M.Sc. in Economics from University of Lagos, Nigeria, a Master of International Law and Diplomacy (MILD) degree, and a Bachelor of Science degree in Political Science. He equally attended the Oxford Advanced Management and Leadership Programme, Said Business School, University of Oxford, United Kingdom, and is an alumnus of the Lagos Business School, Pan African University.

He was the Managing Director/Chief Executive Officer of Mutual Benefits Assurance Plc (a publicly quoted insurance company in Nigeria) from 2010 to 2019; and Managing Director/CEO of AIICO General Insurance Company Limited, (the then general insurance arm of AIICO Insurance Plc, Nigeria). Also, he was the MD/CEO of Admiral Insurance Company Limited (Nigeria) between 2003 and 2007.

Mr. Jacques DJOFACK is currently serving as Director Financial Management of the African Development Bank since May 2021. In this position, he provides strategic leadership and vision on the financial risk, asset and liability management and treasury-related risk of the African Development Bank Group. He is also the vice-chair of the Bank’s management credit risk committee. Prior to that, he worked as Advisor to the Vice-President Finances. He was also a Board member of Advans Banque Congo, representing the African Development Bank.

He joined the African Development Bank in 2011 as Chief Financial Risk Officer. He contributed to the promulgation of finance and risk management policies. He was also instrumental in delivering several financial strategic board documents pertaining to the Bank’s financial capacity, among which are the Bank’s Medium-Term Financial Outlooks, and the Bank’s Long-Term Financial Sustainability Framework.

Prior to joining the African Development Bank, Mr Jacques DJOFACK acquired extensive experience in corporate finance and risk management with international organizations such as Shelter Afrique in Nairobi (Kenya), a housing development finance institution, where he was Head of the Risk Management Department. He also held various senior positions in risk and project management in France, at Société Générale Corporate & Investment Banking, Total and other consulting companies.

He holds a PhD in civil engineering from Ecole Nationale des Ponts et Chaussées in Paris (France), and an Executive MBA from Concordia University, Canada.  

Director

Mr Hafed Mohamed Omran has a BSc specialized in Data Analysis from the Faculty of Accounting, Gharyan, Libya. 

He also obtained an MBA from Anglia Ruskin University, London, United kingdom and a Master’s degree in Computer Science from Coventry University, United kingdom. 

Mr Omran is the current Chairman of the Board of Directors of the Libya Insurance Company (LIC). Prior to this, he held senior positions in the Libyan Capacity Building Centre in Malta and in the Libya Trade Network (LTNet) in Libya. Mr Omran has also served as Executive Manager of DAR AL-KIBRA construction group in Libya, as well as, the head of the distribution and economic marketing department within the economy sector of Gharyan in Libya.