TIB’s Peter M. Noni, New AADFI Chairman

The Association of African Development Finance Institutions (AADFI) held its 37th Ordinary General Assembly in Lisbon, Republic of Portugal on 7 June, 2011.

The Opening Ceremony, the working session and the Closing Ceremony took place at the Lisbon Congress Centre, Auditorium III, Lisbon-Portugal. After introductory remarks by Mr. J. A. Amihere, Secretary General of AADFI, opening statements were made by Mr. Mvuleni Geoffrey Qhena, outgoing Chairman of AADFI; Mr. Nkosana Moyo, Vice-President & Chief Operating Officer of the African Development Bank, representing the AfDB President.

Over 80 delegates from 46 member and partner-institutions as well as observers participated in the 37th Ordinary General Assembly.

The OGA elected Mr. Peter M. Noni, Managing Director, Tanzania Investment Bank (TIB) as the Chairman of AADFI and some officials of member-institutions as members of the Executive Committee. In one of the several resolutions adopted, the Assembly appointed the outgoing Chairman Mr. Mvuleni Geoffrey Qhena as Honorary Chairman of the Association in recognition of the immense services which Mr. Mvuleni Geoffrey Qhena rendered to the Association, as well as his willingness to serve at all times during his term of office as Chairman from May 2007 to June 2011.

Mr. Peter M. Noni became the Tanzania Investment Bank (TIB)’s Managing Director on 10th June 2009. He is a holder of BA (Hons.) in Economics from the University of Dar es Salaam and MA in Development Studies in Economic Policy & Planning from the Institute of Social Studies in The Hague. He also has training in Financial Analysis & Policy from the IMF Institute in Washington D.C. and has attended various courses, international seminars and workshops in Central Banking organized by the AfDB, the IMF and the World Bank.

Before becoming the Managing Director of TIB, Mr. Noni worked with the Bank of Tanzania for 35 years in different positions, including as the Director for Economic Policy from 1996 to March 2005, and as Director of Strategic Planning & Performance Review from March 2005 to June 2009, when he also served as the Coordinator of the World Bank-funded Second Generation Financial Sector Reform Programme.

His credentials also cover a wide array of experience from various activities and memberships of Boards of Directors. These include: serving on the Board of Trustees of the Institute of Finance Management and the National Social Security Fund; Member of National Task Forces such as the National Task Force on Review of Tanzania’s Tax Structure, National Task Force on National Debt Strategy, National Task Force on Export Development Strategy and National Task Force on Economic Empowerment Policy.

Mr. Noni also served as Chairman of the Secretariat of the Joint Finance Commission from 2003 to May 2009 and since 2010, he has been serving on the Board of Trustees of the National Economic Empowerment Council of Tanzania.