Ernest Aryeetey

Chair of the Board; Director at Large; Secretary General, African Research Universities Alliance (ARUA), University of Ghana.

Prof. Ernest Aryeetey was appointed as the new African Economic Research Consortium (AERC) Board Chair on 1 April 2021.

Prof. Aryeetey is currently the Secretary-General of the African Research Universities Alliance (ARUA) and a former Vice-Chancellor of the University of Ghana. One of his strategic priorities as Vice-Chancellor was to develop the university into a research-intensive institution that supports structural transformation in Ghana and Africa.

Prior to his appointment as Vice-Chancellor, he was a Senior Fellow and Director of the Africa Growth Initiative at the Brookings Institution, Washington, D.C. He was also Director of the Institute of Statistical, Social and Economic Research (ISSER) of the University of Ghana, Legon, for the period February 2003 – January 2010.

Prof. Aryeetey has been associated with the AERC since its inception in 1988 and has served in various capacities: as a Resource Person, member of the AERC Programme Committee (2005-2009), thought leader, presenter, and discussant of policy papers at AERC flagship events, and recently as a “Director at Large” on the AERC Board. Prof. Aryeetey, jointly with Prof. Frances Stewart, carried out the evaluation of the AERC Strategic Plan 2015-2020, whose recommendations informed the strategic directions for the AERC over the period 2020-2025.

Ernest was the chairman of the Board of the United Nations University World Institute for Development Economics Research (UN-WIDER), Helsinki (2009-2015). In April 2016, he was appointed by United Nations Secretary-General Ban Ki-moon and Director-General Irina Bokova of the United Nations Educational Scientific and Cultural Organisation (UNESCO) to the governing council of the United Nations University. In addition, he served as a Member of the Board of the Global Development Network (GDN) (2004-2009) and remains a member of the Governing Board of the Centre for Development Research (ZEF) at the University of Bonn, Germany. Until April 2019, he was the Board Chair of Partnership for African Social and Governance Research (PASGR) in Nairobi, Kenya.

Ernest’s research work focuses on the economics of development with interest in institutions and their role in development, regional integration, economic reforms, financial systems in support of development and small enterprise development. He is well known for his work on informal finance and microfinance in Africa and has consulted for various international agencies on several development and political economy subjects.

Professor Aryeetey studied Economics at University of Ghana and then undertook graduate studies at the Universitaet Dortmund, Germany completing his PhD in 1985. In July 2017, he was awarded an honorary degree by the University of Sussex, UK, for his contribution to the study of African economies and higher education transformation in Africa.

Pramila Krishnan

Vice-Chair of the Board; Institutional Director representing the Foreign, Commonwealth & Development Office (FCDO); Professor of Development Economics, University of Oxford and Fellow, Pembroke College, UK

Keith Jefferis

Treasurer to the Board; Director at Large; Senior Policy Advisor, Ministry of Finance and Economic Development, Botswana

Jean-Louis Ekra

Secretary to the Board; Director at Large; former President, African Export-Import Bank, Abidjan, Côte d’Ivoire

Marie-Claude Martin

Director at Large; Director of Global Initiatives, Alliance for Human Development Lunenfeld -Tanenbaum Research Institute, Toronto, Canada

Philipp Krause

Director at Large; Senior Advisor, Collaborative Africa Budget Reform Initiative Visiting Adjunct Professor, Wits University, Johannesburg, South Africa

Anthony M. Maruping

Director at Large; former Commissioner for Economic Affairs, African Union, Maseru, Lesotho

Bakayoko-Ly Ramata

Director at Large; Minister of Women, Families, and Children, Côte d’Ivoire

Shantayanan Devarajan

Director at Large, Teaching Professor of the Practice and Chair, International Development Concentration, Georgetown University’s Edmund A. Walsh School of Foreign Service.

Adelaide Retselisitsoe Matlanyane

Director at Large; Immediate former Governor, Central Bank of Lesotho.

Albert Zeufack

Institutional Director representing The World Bank, USA; Chief Economist, Africa Region, Washington, D.C., USA

Oliver S. Saasa

Institutional Director representing Trade and Development Bank; Managing Consultant, Premier Consult Ltd, Lusaka, Zambia

Benedict Okey Oramah

Institutional Director representing The African Export-Import Bank; President and Chairman of the Board of Directors, Africa Export-Import Bank, Cairo, Egypt

Julius Muia

Institutional Director representing The National Treasury, Kenya; Principal Secretary, Kenya

Lesetja Kganyago

Group Institutional Director representing The AERC Central Bank Governors' Forum; Governor, South African Reserve Bank

Stellan A. Hyving

Institutional Director representing the Swedish International Development Cooperation Agency (SIDA) – Observer

Ann Veiderpass

Ex-officio member; Chair of the AERC Programme Committee; Associate Professor, Industrial Economics, University of Gothenburg, Sweden

Njuguna Ndung’u

Ex-officio member; Executive Director; African Economic Research Consortium

Ann Veiderpass

Chair of the AERC Programme Committee; Professor, Industrial Economics University of Gothenburg, Sweden

Professor Ann Veiderpass has been involved in the work of the AERC in several capacities; Resource Person, member of the Programme Committee, lately Chair of the Programme Committee and of the Programme Sub-Committees on Research and Training.

She is an associate professor of economics at the University of Gothenburg, Sweden, where she also received her PhD in1993. Apart from research, supervising and teaching, she has had several appointments by the Swedish Government mostly linked to Energy and related Infrastructure Issues.

Inter alia, she served as a Member of the Board of Directors at the Swedish Nuclear Power Inspectorate; Advisor to the Director General of the Swedish Radiation Authority in matters pertaining to financing of final repository for spent nuclear fuel; Senior Programme Advisor regarding Energy System Research at the Swedish National Energy Administration; Economic Expert to the County Administrative Court on issues relating to the identification of, and obligations for, undertakings with significant market power on the market for electronic communications.

During 2011 and 2012 she was hired by the African Development Bank to assess the structure of Ethiopia´s energy infrastructure and to make recommendations on areas that required emphasis and investment. The Report was subsequently presented to the Government of Ethiopia by the African Development Bank.

Namanga Ngongi

Chairman, Board of Trustees, African Fertilizer and Agribusiness Partnerships Cameroon

Bernadette Dia Kamgnia

Professor, CAPEC, Côte d’Ivoire

Festus O. Igwaikhide

Professor, Department of Economics, University of Ibadan, Nigeria

Anke Hoeffler

Chair in Development Policy, University of Konstanz, Germany

John Mukum Mbaku

Presidential Distinguished Professor of Economics, Weber State University, USA

Naomi Mkandawire

Former Deputy Governor, Bank of Malawi

John Njiraini

Former Commissioner, Kenya Revenue Authority

Kupukile Mambo

Deputy Governor, Reserve Bank of Zimbabwe

Léonce Ndikumana

Distinguished Professor & Director, African Development Policy Program, Political Economy Research Institute University of Massachusetts Amherst, USA

Rose Ngugi

Executive Director, Kenya Institute for Public Policy Research and Analysis

Prof. Njuguna Ndung’u

Ex officio member; Executive Director, African Economic Research Consortium

Njuguna Ndung’u

EXECUTIVE DIRECTOR

Professor Njuguna Ndung’u joined AERC on 1 September 2018 as Executive Director. He is an Associate Professor of economics at the University of Nairobi, Kenya and has been the Governor of the Central Bank of Kenya from March 2007 to March 2015, having completed the two terms of 4 years each as set by the law. He was the first Governor in Kenya to complete two terms since the law was put in place in 1982. Prior to his appointment as Governor, Professor Ndung’u was the Director of Training at the African Economic Research Consortium (AERC). He is a researcher and trainer in economics starting at the University of Nairobi, Kenya. He has also worked with the International Development Research Centre (IDRC) and at the Kenya Institute of Public Policy Research and Analysis (KIPPRA), a government think-tank as a Principal Researcher. This is where he led the team to develop a macro model for Kenya in 2001 and it has been used as a training tool by most countries in eastern and southern Africa region since. He is a Member of the Brookings Africa Growth Initiative (AGI) Distinguished Advisory Group, a Member of the Advisory Committee of the Alliance for Financial Inclusion, AFI, that coordinates financial inclusion policies in Africa, Asia and Latin America, and a Senior Advisor for the UNCDF-based Better Than Cash Alliance. He holds a PhD in economics from the University of Gothenburg, Sweden.

Abebe Shimeles

Director of Research

Théophile Azomahou

Director Training

Mercy Kanyi

Chief Finance Officer

Senvy Maistry

Chief communications and policy outreach officer

AERC is supported by donor governments, multilateral organizations, private foundations and international organizations. Representatives of some of these bodies form the Board of Directors, which is AERC’s governance body. The AERC Board has 5–18 directors appointed by donor organizations (institutional directors) and others (directors-at-large) appointed in their personal capacity on account of the expertise needed for the proper functioning of the Board. The Executive Director of AERC is an ex-officio member of the Board with voting power. The Chair of the Programme Committee is an ex-officio member without voting power.

Funders

The following list includes current Funders of the Consortium:

AERC’s African Central Bank Governor’s Forum

African Development Bank (AfDB)

African Studies Centre Leiden University

Foreign, Commonwealth and Development Office (FCDO)

Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ)

Economic and Social Research Council (ESRC)

The Bill & Melinda Gates Foundation

International Development Resource Centre (IDRC)

The National Treasury, Government of Kenya

Norwegian Agency for Development Cooperation (NORAD)

Rutgers University

Swedish International Development Cooperation Agency (SIDA)

US Agency for International Development (USAID)

The World Bank (IBRD)

International Development Research

Akademiya

csae

Ecomic research forum

Include

soas

In 2014, African Economic Research Consortium established the African Central Banks Governors’ Forum to ensure African stakeholdership for the long-term sustainability of the organisation’s mission and work on the continent. Currently, 12 Central Banks are represented within the Forum. The Governors Forum meets annually and is governed by The Livingstone Resolution.

Sustaining AERC’s Advancement and Impact

The Governor’s Forum sustains AERC’s Advancement and Impact by:

  • Supporting AERC network, researchers, trainers and trainees;
  • Identifying and involving alumni in capacity building activities;
  • Deepening AERC’s convening power for African policy dialogues;
  • Increasing capacity of Visiting Scholars Programme in targeted Central Banks, and
  • Enhancing AERC’s African stakeholdership through the increased envelope of resources for core support.

Membership Benefits

For Central Banks and Central Bank Governors across sub-Saharan Africa, membership provides the following opportunities to build and strengthen economic research and training capacity:

For more information or to become a member, please contact Lydiah Auma, Resource Mobilization Manager: lydiah.auma@aercafrica.org

Bank of the republic of Burundi

Bank of Ghana

Central Bank of Kenya

Bank of Malawi

Reserve Bank Mozambique

Central Bank of Nigeria

National Bank of Rwanda

South African Reserve Bank

Bank of Tanzania

Bank of Uganda

Bank of Zambia

Reserve Bank of Zimbabwe

African Economic Research Consortium
Get in touch

3rd Floor, Middle East Bank Towers Building, Jakaya Kikwete Road, Nairobi, Kenya
Phone: +254 722 205272
+254 20 2734150
Fax: +254 20 2734170

Go Social
Subscribe to our Newsletter