The Bank is governed by a Board of Governors (BOG), which is comprised of shareholders' representatives and is responsible for exercising all the powers of the Bank. The BOG has delegated some of its functions to the Board of Directors (BOD) but still retains full powers and exercises authority over any such delegated powers. The BOD is responsible for the conduct and general operations of the Bank.
The President is the Chief Executive Officer of the Bank and is responsible for the conduct and management of the business of the Bank on a day-to-day basis.
Our senior management comprise of the heads of each functional department as per the organizational structure below.
The Bank has seven departments
- Human Resources & Administration
- Legal Services
- Project & Infrastructure Finance
- Trade Finance
- Portfolio Management
- Compliance Risk Management Department
The roles and responsibilities of each department are summarized below:
The Finance department is responsible for ensuring timely availability of accurate and readily usable financial information, and of adequate funds to meet all operational requirements. Its main focus is thus on budgeting and control, financial reporting and resource mobilization and management.
The Human Resources & Administration department, is responsible for the Bank’s human resources and administrative support services.
The Legal Department is responsible for the Bank’s legal affairs
The Projects and Infrastructure Finance department is responsible for developing the pipeline, appraising the projects and taking them through the documentation process up to first disbursement.
The Trade Finance department provides trade finance facilities to support export and import trade flows from, to and within the COMESA region.
The Portfolio Management department is responsible for the administration and monitoring of loans and investments from first disbursement of funds through project implementation.
The Compliance and Risk Management Department is a governance, control and assurance department responsible for managing and reporting of prevalent risks across the Bank and monitoring of compliance with internal controls.