Mr. Papa Madiaw Ndiaye is the founder and CEO of AFIG, a a private equity fund management company founded in 2005 in Mauritius with branches in Dakar (Senegal), Johannesburg (South Africa), and Washington D.C. (United States).
Prior to AFIG, Papa was an Investment Director at Emerging Markets Partnership in Washington. He was one of three partners to raise the $407 million AIG African Infrastructure Fund, which when launched in 2000, was the largest ever pan-African Fund (about 30% net annual return to date). Prior to joining EMP, he held senior responsibilities for IFC’s equity and debt investment activities in capital markets and financial institutions in Africa between 1996 and 2000 and helped launch several landmark funds in Africa. Papa spent the early part of his career at Salomon Brothers and joined JP Morgan's Emerging Markets Group in 1992. In 1994, he launched JP Morgan's securities trading in Africa and the Middle East. In 2000, Papa was named Special Advisor for Economic and Financial Affairs to the President of the Republic of Senegal and Chairman of the Senegalese Presidential Economic & Financial Advisory Council. In the same year, he launched MIDROC BVI, a direct investment vehicle for Sheikh Mohammed Al-Amoudi, a lead investor in the AIG African Infrastructure Fund. He serves on the boards of a number of African companies and non-profit organizations involved with Africa. He holds an M.B.A. degree from the Wharton School of Business, an M.A. in International Affairs from the University of Pennsylvania’s Lauder Institute, and a B.A. in economics from Harvard College. In 2004, he was selected as a “Young Global Leader” by the World Economic Forum of Davos and then as one of the ‘’Frontier 100 CEOs’’ of the Initiative for Global Development in 2009.
He is a citizen of Senegal.