Wale Shonibare

Director | Energy Financial Solutions, Policy and Regulation African Development Bank

Wale Shonibare

Director | Energy Financial Solutions, Policy and Regulation African Development Bank

Biography

Wale Shonibare has over three decades experience spanning Asia, Europe, Middle East and Africa in Investment Banking and Consulting. He joined the African Development Bank (AfDB) in 2017 as the inaugural Director responsible for Energy Financial Solutions, Policy and Regulation. The Financial Solutions team has since established itself as a leading transactions team across Africa, having undertaken several Mandated Lead Arranger roles and facilitated total investment of approximately USD 29 billion in numerous projects ranging from solar PV, concentrated solar, hydro-electric dams, gas-fired power plants, LNG facilities, battery storage solutions and geothermal energy plants. The Policy, Regulation and Statistics team has, under his leadership, launched well-acclaimed flagship initiatives such as the Electricity Regulatory Index to improve the enabling environment for private sector investment in the energy sector.

Wale is currently a Non-Executive Director on the Board of the Africa Guarantee Fund, and an Advisory Board Member of the Nigeria Infrastructure Debt Fund and Inspired Evolution Investment Management respectively. Prior to joining the AfDB, he held various senior management-level positions at Investment Banks and Consulting Organisations in the UK, UAE and Nigeria.

Wale holds a B.Eng (hons) in Civil Engineering from Glasgow University and an MBA from Imperial College, University of London.