This leadership transition reflects ATIDI’s goal of enhancing its role in driving sustainable trade and investment across Africa. The newly elected board includes ATIDI’s first-ever Independent Director, and the leadership will play a pivotal role in guiding the organization’s future direction.
Professor Kelly’s Vision for ATIDI
As the Director of Finance Operations at Cameroon’s Ministry of Finance, Professor Kelly brings vast expertise in managing public finances, monitoring revenues and expenditures, and advancing financial reforms. In addition to his role at the ministry, he serves as a Censor at the Central Bank of Central African States (BEAC) and represents Cameroon in various financial regulatory bodies. His recent work with international organizations, such as the United Nations Development Program and the European Investment Bank, further strengthens his background in climate finance and regional economic resilience.
In his acceptance speech, Professor Kelly highlighted his vision for ATIDI, which includes promoting best corporate governance practices and fostering economic growth across Africa. He emphasized the importance of expanding ATIDI’s presence and urged Central African Economic and Monetary Community (CEMAC) countries to consider joining ATIDI, which would bolster regional collaboration and enhance economic opportunities.
“As the first Cameroonian Chair of ATIDI’s Board, I am dedicated to building stronger networks within the CEMAC region and promoting greater integration and collaboration among member states,” Professor Kelly stated.
Growth and Expansion under New Leadership
Professor Kelly’s election marks the conclusion of Dr. Yohannes Ayalew Birru’s tenure as Chair. During his leadership, ATIDI saw significant growth, increasing its member states from 14 to 24, doubling its gross exposure to USD 9.6 billion, and raising its profits from USD 12 million to USD 69.1 million. Dr. Yohannes’ stewardship was instrumental in expanding ATIDI’s financial and regional influence across Africa.
The Future of ATIDI
ATIDI’s CEO, Manuel Moses, welcomed the new board, expressing confidence that the leadership’s vision and expertise will help advance ATIDI’s ambitious 2024-2027 strategy. The plan aims to expand ATIDI’s reach and impact, strengthening the continent’s trade and investment environment.
“With this experienced and diverse board, we are confident that ATIDI will continue to drive initiatives that create a sustainable trade and investment framework across Africa. The new leadership will help us engage more effectively with our stakeholders and enhance our impact on the continent’s economic landscape,” Mr. Moses stated.
ATIDI’s Credit Rating Boost
Recently, ATIDI’s credit rating was upgraded by Moody’s from A3/Positive to A2/Stable, and S&P affirmed its A/Stable rating, reflecting the organization’s sound financial management. This positive rating positions ATIDI well as it seeks to implement its long-term strategy and navigate challenges, with the new board’s leadership being crucial to ensuring continued success.
ATIDI’s mission to support Africa’s sustainable growth will be bolstered by the leadership of Professor Kelly, Ms. Westholm-Schröder, and the newly appointed board members as they continue to enhance regional cooperation and economic development across the continent.
