Proficiency in French and Spanish and a working knowledge of Portuguese, here are what to know about Tariye , daughter of popular Professor Turner Isoun from Bayelsa state
“The Trust Fund Committee of the Climate Investment Funds (CIF) announced today the appointment of Tariye Gbadegesin as Chief Executive Officer, effective March 2024
Tariye will lead one of the world’s largest multilateral climate funds with over $11Bn pledged, pioneering clean energy transitions, nature-based solutions and resilience in over 70 developing countries.
She joins CIF after holding leadership positions in infrastructure and climate finance as the CEO of ARM-Harith Infrastructure Investments, a leading Pan-African infrastructure fund investing in energy transition and climate resilient infrastructure, and as the Co-Chair of the Voluntary Carbon Markets Integrity Initiative (VCMI), an international organization enabling high-integrity voluntary carbon markets for climate action.”
Her Reaction:
“I am deeply honored to join the Climate Investment Funds to accelerate collective climate action. Developing countries are at the forefront of the climate crisis, and we will only meet this decisive moment by working together to scale climate finance where it is needed most.
This is an exciting time for the global community, as we seek to build a multilateral system fit for purpose to keep 1.5C alive while lifting millions out of poverty. With six multilateral development bank partners and 15 years of experience delivering pioneering climate finance, CIF is uniquely placed to deliver in this new era.”
A Brief on Tariye Gbadegesin
Tariye Gbadegesin is an investment professional with 20 years of experience in the financial services sector and over US$ 3 billion of transaction experience.
She is the Managing Director and Chief Executive Officer of ARM Harith Infrastructure Fund Managers (Armhith); a Joint Venture between Asset & Resource Management Company Ltd (ARM) , a Nigerian institutional investor with US$2.3 billion of assets under management and Harith General Partners (Pty) Ltd (Harith), a South African infrastructure fund manager with over US$1 billion under management .
The Armhith was the first equity infrastructure fund to be licensed by the Nigerian Securities and Exchange Commission under its recent Infrastructure Fund rules.
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Tariye was on the founding team to establish the Africa Finance Corporation (AFC), a pan African DFI with US$6 billion under management where she led several of AFC’s investments in the sectors of power, transport, industrials and telecommunications infrastructure. Tariye was the head of Industrial and Telecommunications Infrastructure, leading the firm’s deployment of debt and equity capital across Africa.
In that role, Tariye delivered investments of over US$800 million in 4 years. Tariye was a non-executive Director on the Board of the Main One Cable Company, a telecoms and data services company serving West Africa and Cabeolica Wind IPP in Cape Verde, the first commercial wind IPP in sub-Saharan Africa.
Tariye has global experience from working at the International Monetary Fund, Boston Consulting Group, and PricewaterhouseCoopers.
She has proficiency in French and Spanish and a working knowledge of Portuguese. She has lived in the US, Kenya, Cost Rica, and Nigeria. Tariye has a bachelor’s degree in economics from Amherst College and an MBA from Harvard Business School.
Tariye is the daughter of Professor Turner Isoun from the Odi community in Kolokuma/Opokuma area of BAYELSA State while her husband Demola Gbadegesin hails from Oyo State.
Source: CIF and Concordia
