(Business in Cameroon) - Operations Manager for World Bank in Cape Verde, Gambia, Guinea Bissau and Mauritania since 2011, Cameroonian national, Vera Songwe, is the new resident representative of the IFC in Senegal, according to reliable sources.
The Cameroonian economist has risen from the ashes of the Senegalese authorities prior disapproval of her return to the post of World Bank Operations Manager (she was replaced in july 2015 by Louise Cord). Indeed, the Senegalese press has reported that Vera Songwe and the Prime Minister and Finance Minister of Senegal, were no longer on the friendliest terms.
Although she will continue to work with government officials, in her new post, Ms. Songwe, who will no longer be overseeing the management of Senegal’s public finance, will be interacting more with the private sector as the IFC is the World Bank’s subsidiary devoted to private sector financing.
Joining the World Bank in 1998 as an executive in the East Asia and Pacific region, the Cameroonian is named among the Choiseul 2014 “African leaders of tomorrow”, which “identifies men and women aged 40 and under who are on the path of success and aspire to lift Africa to the highest level of economic, social and cultural development,” explains Pascal Lorot, President at the Choiseul Institute.