Madalo Minofu has been named as the IFC’s new country manager for Ethiopia, Zambia and Malawi.
A Malawian national, Minofu joined IFC in 2017 as the Resident Representative for Zambia and Malawi.
“Africa is facing serious economic challenges exacerbated by global economic shocks, climate change and rising inflation, which have heavily impacted the private sector, underlining the importance of collaboration to respond to the needs of people and economies,” said Minofu.
“I look forward to working closely with partners in Ethiopia, Malawi and Zambia to develop solutions that support the private sector to navigate the current challenges and contribute to job creation,” she added.
Minofu spent almost 10 years working for the Development Bank of Southern Africa before joining IFC. She has also held executive positions at Gillette and Pfizer. Minofu graduated from the Strathclyde Graduate Business School in the UK with a Master of Business Administration (MBA) with a specialty in finance.
A member of the World Bank Group, IFC offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. It is headquartered in Washington, D.C. in the United States.
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