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Liquidity – Managing Cash Flow When Revenue & Funding Dry Up


Kunle Elebute

Chair of KPMG Africa

Kunle Elebute is the Senior Partner, KPMG in Nigeria and Chairman, KPMG Africa. He has over 36 years of professional experience advising clients in the private/public sectors in Nigeria, West and Sub-Sahara Africa. Prior to assuming the role of the Senior Partner, Kunle served as Head of various sectors including the Financial Services Industry (FSI) and more recently Infrastructure, Government and Healthcare (IGH).

Kunle qualified as a Chartered Accountant in 1986 and has led various strategic and transformational projects for local & global clients. He was admitted as a Partner in 1996 and over the years led the Financial Services Audit Practice; Financial Advisory Services and was the Head of Advisory Services with responsibility for Deal Advisory, Management Consulting, Risk Consulting and Information Technology Advisory.

He is a member of the KPMG Global Board, as well as the KPMG Europe, Middle East & Africa (EMA) Board. He currently serves as an Executive Member of the KPMG Africa Global Infrastructure Group. Kunle serves on various not-for-profit Boards such as the Nigerian Economic Summit Group; Society for Family Health and American Business Council, amongst others.

Welela Dawit

CFO, GE Africa

Welela currently serves in a dual capacity role as both CFO of GE Gas Power SSA and CFO of GE Africa based in Lagos, Nigeria.  In this role, Welela partners closely with the business leaders to drive commercial growth and operational capability in addition to driving increased rigor and effectiveness in managing cost and risk.

Prior to moving to Lagos in 2015, she was the Commercial Finance and FP&A Leader for GE Africa where she served for 3.5 years based in Nairobi, Kenya, and launched the Financial Management Program (FMP) for the region.  She also served as co-region leader of the Women’s Network for SSA.

Welela joined GE as an FMP in 2005 with GE Consumer & Industrial.  After FMP, she joined Corporate Audit Staff (CAS) and graduated as a Senior Audit Manager in October 2011 where she led teams across financial and compliance audits in multiple industrial businesses around the world.  Welela also recently served as one of three Operating Leader for GE’s global African-American Forum (AAF) and currently sits on the GE Women’s Network Global Advisory Board.

Originally from Eritrea, Welela has had extensive exposure to Sub-Saharan Africa, and graduated with a Bachelors of Economics from Wesleyan University in Middletown, CT, USA.

Admassu Tadesse

President and Chief Executive of the Eastern and Southern African Trade and Development Bank (TDB)

Admassu Tadesse is an international banker specialized in trade and development finance, with experience at board and executive-levels globally and in Africa. 

He is currently the President and Chief Executive of the Eastern and Southern African Trade and Development Bank (TDB) – formerly the PTA Bank. Since he joined the Bank in 2012, Mr. Tadesse has launched new business operations and spearheaded critical reforms which have led TDB to transform its ownership and risk management structures, expand its partnership network, grow its assets from US$ 1 billion to over US$ 6 billion, and drive higher impact in the 22 Member States it serves. 

Specialized in trade and project finance, TDB covers 22 Member States from Egypt, to Mozambique and Eswatini. It has 39 shareholders, both sovereigns and financial institutions, including the AfDB, BADEA, Denmark’s IFU, People’s Bank of China, OFID of OPEC, as well as several pension funds, and insurance companies.

Over the past 7 years, the Bank has enjoyed several rating upgrades, and its capital and funding have multiplied several-fold, alongside its shareholder base and portfolio size. The Bank is now investment grade-rated and one of the leading financial institutions in the region.

Previously, Mr. Tadesse was Executive Vice President at the Development Bank of Southern Africa, where he served for over 10 years, and among other portfolios, was responsible for international finance and corporate strategy. He has also worked as a senior advisor and specialist with various funds and international organizations, including in New York.

He is a recipient of several distinctions and awards, and serves on several boards and industry bodies globally. Just recently, Mr. Tadesse has been recognized for his achievements at the prestigious African Banker Awards in June 2019, where he won the ‘African Banker of the Year’ award. Mr. Tadesse holds an MSc from the London School of Economics, and an MBA from Wits Business School. He is also an alumnus of Harvard Business School and Western University.

Sim Tshabalala

Group Chief Executive Officer, Executive Director of Standard Bank Group Limited

Sim Tshabalala serves as Group Chief Executive Officer, Executive Director of Standard Bank Group Limited as of January 15, 2018.

Mr. Tshabalala holds a BA (Rhodes University), LLB (Rhodes University), LLM (University of Notre Dame, USA), HDip Tax (Wits), AMP (Harvard).

He is a banker with over 22 years’ experience in the financial services industry, joined the group in 2000 in the project finance division of SCMB and was appointed to the group executive committee in 2001.

Between 2001 and 2006, he was the managing director of Stanbic Africa, and from 2006 was appointed chief executive of PBB. In June 2008, he was appointed chief executive of SBSA and was appointed SBG chief executive in 2013.