We are facilitating the establishment of a new FSD entity in Ethiopia which is supported by UK Aid to enable the development of the financial sector in Ethiopia. In January 2020, the UK Government Department for International Development (DFID) (now the Foreign, Commonwealth and Development Office (FCDO)) announced a £90m commitment from UK Aid, to set-up and scale new financial sector development programmes in high-priority markets in sub-Saharan Africa, including Ethiopia. To deliver this, the establishment of a local financial sector development programme, FSD Ethiopia is proposed. Although other funders are expected to come on board, the new FSD Ethiopia currently has a budget of £25m over a five-year period (2020-2024), funded from a centrally-managed programme – the UK Financial Sector Deepening Platform.
FSD Ethiopia will build on the foundations laid by the previous DFID’s Private Enterprise Programme(PEPE). FSD Ethiopia will be incubated by FSD Africa to reduce inception timelines. An inception phase from April 2020 to December 2020 will create the conditions for the establishment of an in-country FSD Ethiopia to be launched in early 2021.
The Chief Executive Officer (CEO) has overall responsibility for leading FSD Ethiopia to achieve its goal of generating sustainable improvements in the livelihoods of lower-income people in Ethiopia, through the development of a financial system which delivers real value. They will lead the development of FSD Ethiopia’s vision, mission, and strategy; and bear the ultimate responsibility for ensuring the organisation’s long-term success and sustainability. The role holder will have the authority to shape the vision of FSD Ethiopia, ensuring alignment with UK Aid’s and the FSD Network’s strategic priorities, as well as those of funding partners.
Reporting to the Board, the CEO will oversee the organisation’s operations, ensuring that appropriate fiduciary oversight is maintained and that the organisation is fully accountable to the Board, Funders, and key stakeholders. Additionally, they will also have the opportunity to participate in the FSD Network Council which is the senior governing body of the FSD Network.
The CEO will be responsible for ensuring that FSD Ethiopia is structured, organised, managed, and controlled in such a way as to enable achievement of its vision and delivery against set targets. They will lead policy dialogue, engaging with national policymakers, regulators, the private sector and other key development players, on project design, review, and analysis.
The CEO will provide direction and advice to the FSD Ethiopia team and key partners in the financial sector, supported by local operational and programmatic teams, focused on internal management and ensuring that the organisation is delivering on programmatic objectives.
The CEO will be based in Addis Ababa, Ethiopia with frequent national and international travel. Additionally, they are expected to play an active role in the pan-African FSD Network comprising, at present, nine sister organisations across the region.
For more information about the role and details on how to apply, please click here.
Applications will be accepted until 15 January 2021. Persons of all gender, race, sex, orientation, age, and identity are encouraged to apply.