Former CMA CEO Stella Kilonzo appointed Senior Director, Africa Investment Forum

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The African Development Bank has announced the appointment of Stella Kilonzo as Senior Director, Africa Investment Forum, effective March 1, 2018.

Kilonzo, a Kenyan national, has been the Division Manager, Capital Markets Division, since December 2013 when she joined the African Development Bank where she has been responsible for driving innovation in capital markets in Africa to accelerate development.

“One of her key achievements was her leadership of the Bank’s first-ever Partial Credit Guarantee to cover the exchange rate risk on foreign currency borrowing for Cameroon in its first-ever Eurobond issuance to finance infrastructure. She also provided leadership on the Bank’s investment projects in private equity funds, including a fund solely run by women asset managers in Africa.” AFDB noted.

Prior to joining the African Development Bank, Kilonzo held various executive and advisory positions in the financial sector. From 2005 to 2012, she worked at the Capital Markets Authority of Kenya first as Manager, in the Compliance and Market Operations Department, and later as the Chief Executive Officer, responsible for developing and regulating the entire securities and capital markets in Kenya while advising the Government on capital markets and financial policies.


Previously, Kilonzo worked as Senior Associate, Corporate Finance Advisory Services, at PricewaterhouseCoopers in Kenya between 2004 and 2005, and as Senior Compliance Auditor at the Financial Industry Regulatory Authority Chicago, in the United States of America from 2000 to 2004. She started her career as an internal Auditor at the GE Capital Subsidiary in Chicago.

Kilonzo holds a Master of Business Administration in Corporate Finance from the Loyola University Chicago Graduate School of Business, Illinois, United States of America, and a Bachelor of Commerce, Accounting degree, from the Catholic University of Eastern Africa, Nairobi, Kenya. She is also a Chartered Public Accountant (CPA) of the United States of America.

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