Mr Wale Shonbare | Director of Energy Financial Solutions, Policy & Regulation Department
African Development Bank

Mr Wale Shonbare, Director of Energy Financial Solutions, Policy & Regulation Department, African Development Bank

Wale Shonibare is the Director responsible for Energy Financial Solutions, Policy and Regulation at the African Development Bank.
He has over 25 years experience in Debt and Equity Capital Markets, M&A, and Project Finance spanning Asia, Europe, Middle East and Africa. Prior to joining the Afdb, he was the Deputy Group CEO/Managing Director, Investment Banking at United Capital Plc (former UBA Capital Plc) in Lagos. Previous positions include: Managing Director and Head of Infrastructure, Africa, Middle East and New Markets at Renaissance Capital in Dubai, Director KPMG UAE in Dubai and Associate Director KPMG UK in London.
Wale’s recent experience includes raising over $450m for investors in power generation assets in Nigeria, several sub-sovereign and corporate bonds, project finance and M&A transactions across various sectors: Power generation and distribution facilities, upstream oil and gas, CNG and LNG facilities, fertilizer plants, hydropower power projects, coal mines, toll roads, light and heavy rail, ports, real estate, healthcare, hospitality and specialized economic zones. Since 2009, teams led by Wale have successfully raised over $8bn equivalent in a local and foreign currency for state governments and corporates in Africa.
Wale holds an MBA from Imperial College, University of London as well as a Bachelor’s Degree in Civil Engineering from University of Glasgow.




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