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Be the first with the news that moves the market- Barrick Gold (ABX) has appointed former World Bank Group Executive Director Anne Kabagambe to its board
- Kabagambe first began her work with the Group in 2016, where she represented the interests of 22 Sub-Saharan African countries
- Barrick will be eager to benefit from Kabagambe regional expertise in Tanzania and Zambi, where it currently operates gold and copper operation
- Before starting at the World Bank, she spent 27 years at the African Development Bank and oversaw a number of Africa-Asia alliances
- Barrick Gold (ABX) is up 7.01 per cent and is trading at C$38.14 per share
Barrick Gold (ABX) has appointed former World Bank Group Executive Director Anne Kabagambe to its board.
World Bank Group provides loans and grants to lower- and middle-income countries to help development and growth initiatives in nations like Tanzania and Zambia.
Kabagambe first began her work with the Group in 2016, where she represented the interests of 22 Sub-Saharan African countries. Before finishing up at the Group earlier this year, she headed a number of initiatives during her tenor, including committees on development effectiveness, budgeting and gender equality.
She also recently authored “emerging lessons from the COVID-19 pandemic” about the need national management plans for handle future worldwide outbreaks. Before starting at the World Bank, she spent 27 years at the African Development Bank and oversaw a number of Africa-Asia alliances.
Barrick will be eager to benefit from Kabagambe regional expertise in Tanzania and Zambi, where it currently operates gold and copper operations. These include the Buzwagi and Bulyanhulu mines in Tanzania and the Lumwana copper operation in Zambia. Exending beyond those two nations, the company also operates in the nearby Cote D’Ivoire, as well as Mali and the DRC, showing the mining giant’s heavy presence in the resource rich continent.
Commenting on the new appointment, Barrick Executive Chairman John Thornton said Kabagambe would strengthen the board and bring an independent understanding of doing business internationally, informed by her experience in engaging with governments, the private sector and civil society and in particular her knowledge of the global resource, banking and education sectors.
Barrick Gold (ABX) is up 7.01 per cent and is trading at C$38.14 per share at 10:40am EST.
