Former KPMG consultant appointed Director at African Development Bank

07 March 2018

Hanan Morsy, a former consultant at KPMG Consulting in Egypt, has been appointed Director at the African Development Bank. Primarily an economist, Morsy has over two decades of professional experience, spanning consulting, academia, and senior advisory positions at leading global institutions. 

Founded in 1964, the African Development Bank (AfDB) is a financial institution aimed at accelerating social and economic development on the African continent, with special emphasis on equitable and sustainable growth. The institution’s authorised capital is sourced from 53 African nations and 25 non-African countries.

Over recent years, AfDB has grown in relevance in light of the dichotomous economic scenario across the continent. On the one hand, major economies in Africa are thriving and more connected, and are therefore turning to financial institutions for development support, significantly boosting banking revenues in the process. On the other hand, a dip in global commodity prices has dealt a blow to the several oil-dependent economies in the region, which has created the need for borrowing from the AfDB.

In order to control this spike in activity, the AfDB has replenished its senior ranks with the appointment of five new professionals at the Director level. Wambui Gichuri has been appointed Director for Water Development and Sanitation, Olivier Eweck is the new Director for Syndication and Technical Services, Stella Kilonzo is now the Senior Director of the Africa Investment Forum, and Moono Mupotola is the new Director for Regional Integration.

Hanan Morsy, Director

The fifth appointment, as Director of Macroeconomic Forecasting and Research, comes in the form of celebrated Egyptian economist and Harvard alumnus Dr. Hanan Morsy. As an economist through and through, Morsy completed a Masters in economics from the University of California in Davis, following which she completed a Ph.D. in economics from The George Washington University.

She began her career at Big Four professional services firm KPMG, where she was hired as an Economic Consultant. Morsy worked in the Barents Group division of KPMG, which was formerly the consulting services arm of the firm, but later broke off to form an independent consulting firm by the name of Bearing Point.

Following a brief stint as a Teaching Assistant at the George Washington University, Morsy then entered the world of international financing, joining the International Monetary Fund as an Advisor to the Executive Director. After two years as an advisor, Morsy was promoted to the position of Senior Economist at the IMF, which she held for the next seven years before moving to the European Bank for Reconstruction and Development as the Lead Economist for the Southern and Eastern Mediterranean Region.

Morsy is a member of the board at SOAS in London, as well as a member of the Aberdeen Economic panel of the Aberdeen City Council. In 2017, she completed an executive program in the application of behavioural insights to public policy from the Harvard Kennedy School. She will now take office as the Director for Macroeconomic Forecasting and Research at the AfDB as of the 12th of March.


More news on

KPMG Botswana appoints first ever female Partner as Managing Partner

22 April 2019

Global professional services firm KPMG has appointed a new Managing Partner for its Botswana practice. Gosego Motsamai, who is the first female Partner at KPMG Botswana, will take the helm of the practice with immediate effect with hopes of growing the firm’s presence in the country.

Motsamai holds a degree in accounting and commerce from the University of Botswana, and has been inducted into the Association of Chartered Certified Accountants. She is also a Certifies Internal Auditor form the Institute of Internal Auditors, which has led promising career in the auditing and advisory space.

She began her career at Big Four accounting and advisory firm Deloitte in Botswana, where she remained for over three years as an Audit Assistant. She joined KPMG Botswana in 1998 as an Audit Traineee, and made her way up to the position of Audit Senior over a four-year spell.

KPMG Botswana appoints first ever female Partner as Managing Partner

Motsamai has remained at KPMG ever since, and rose from the rank of Audit Supervisor to Senior Manager for the Advisory division. In 2012, she was appointed the Associate Director of the firm’s Advisory division, and she finally ascended to the position of Partner four years ago in 2014.

She now reaches the pinnacle of her career as the Managing Partner at KPMG Botswana. The announcement was made by Chairman of KPMG Southern Africa Wiseman Nkuhlu on Friday, and will be effective immediately. Among the Big Four firms in Botswana, Motsamai is one of only two female executives at Partner level, and her promotion comes at a time when gender balance is a central debate across Africa.

Nkuhlu has described her as a devoted professional, who has been looking to advance the advisory profession across Botswana by promoting higher standards across the business environment. She is known for her support and mentorship of young professionals who come through the chartered accountancy ranks.

She said of her appointment, “As chairman, I am proud to make this announcement and am certain that under Gosego's leadership, we will see KPMG Botswana continue to be a leading professional services firm in the country. I look forward to working with the team and lead KPMG through these challenging times as we look to rebuild trust and become the clear choice.”