Amadou Hott

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Amadou Hott
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Personal details
Born
Amadou Hott

(1972-10-25) 25 October 1972 (age 48)
Thiaroye, Senegal
NationalitySenegalese
Alma materLouis Pasteur University
Pantheon-Sorbonne University
New York University

Amadou Hott (born 25 October 1972) is a Senegal|Senegalese economist and investment banker. He was appointed Minister of Economy, Planning and International Cooperation of Senegal in April 2019.[1] He was formerly the Vice President of the African Development Bank's Power, Energy, Green Growth and Climate Change Complex, a position he held from November 2016 until his Senegalese government appointment.[2] Hott's career has spanned more than 20 years in areas including structured finance, sovereign fund management, investment banking, fundraising, infrastructure and the development of integrated energy solutions.[3]

Early life and Education

Amadou Hott was born in Thiaroye Gare and spent his youth in the suburbs of Dakar. He completed his primary and secondary education at Khaliy Madiakhaté Kala primary school in Guédiawaye (formerly Ecole 25) and Pikine Est secondary school, respectively. In 1992, he obtained his baccalaureate in Maths at the Seydina Limamoulaye high school in Guédiawaye.[4] After graduating from high school, he enrolled at the Louis Pasteur University in Strasbourg where he obtained a Bachelor of Science in economics. He then completed a postgraduate degree in financial markets finance and banking management at the Pantheon-Sorbonne University and subsequently enrolled in a master's degree program in applied mathematics at New York University (NYU) through an academic exchange program.[5]

Professional career

Amadou Hott started his career at Société Générale in New York before joining BNP Paribas in London as an investment banker. He then worked at the Dutch bank ABN AMRO where he focused on the African continent.[6] His areas of intervention spanned from risk management to mergers and acquisitions and from advisory to fundraising and financing.

In 2006, he left Europe to settle in Dubai where he worked at the Millennium Finance Corporation as a Managing Director working in mergers and acquisitions and financing for the African continent.Two years later, Hott became Managing Director of UBA Capital, the Investment Banking arm of the United Bank for Africa|UBA Group in Lagos.[7]

In 2012, he was appointed Special Advisor to the President of the Republic of Senegal, Macky Sall, in charge of financing and investment issues, and then Chairman of the Board of Directors of AIBD (Blaise Diagne International Airport).[8] In September 2013, he became the first Managing Partner of Senegal's Sovereign Wealth Fund (FONSIS), a new organization he was tasked with building.

Hott became Vice-President in charge of the African Development Bank’s activities in the areas of Power, Energy, Climate and Green Growth for both public and private sectors in November 2016.[9] During his tenure, the Bank increased investments in renewable energy. In 2017, 100% of the investments in production were in renewable energies. Hott launched programs including “Desert to Power,” the Africa Financial Alliance on Climate Change and the “Green Baseload” under the SEFA 2.0 (Sustainable Energy Fund for Africa) program.[10]

Since April 2019, he has been Minister of the Economy, Planning and Cooperation of Senegal. As minister, Hott is responsible for the preparation and implemention of economic anc financial policy, development planning, population, statistics, international cooperation and developing private sector and public-private partnerships.[11]

Awards & volunteering

Amadou Hott was nominated Young Global Leader by the World Economic Forum in 2012.[12]

Since 2015, Hott has been a member of the Selection Committee for the The Tony Elumelu Foundation|Tony Elumelu Foundation which supports the $100 million African entrepreneurship program.[13]

As a volunteer for the United Nations Development Programme TOKTEN (Transfer of knowledge through expatriate nationals) programme, Hott was a lecturer in finance at Gaston Berger University in Saint-Louis Senegal in 2004 and 2005.[14]

References

  1. "MONSIEUR AMADOU HOTT Ministre de l'Economie, du Plan et de la Coopération". Gouvernement République du Sénégal. Retrieved 7 April 2021.
  2. Ndarinfo. "Voici le CV d'Amadou HOTT, Ministre de l'Économie du Plan et de la Coopération". NDARINFO.COM (in français). Retrieved 2021-04-06.
  3. Barma, Aboubacar Yacouba. "Sénégal : l'économiste Amadou Hott, ancien vice-président de la BAD, devient nouveau ministre de l'Economie". La Tribune Afrique. Publiafrica SA. Retrieved 7 April 2021.
  4. Ndarinfo. "Voici le CV d'Amadou HOTT, Ministre de l'Économie du Plan et de la Coopération". NDARINFO.COM (in français). Retrieved 2021-04-06.
  5. "le ministère de l'Economie, du Plan et de la Coopération | Le Ministre". Ministère de l’Economie, du Plan et de la Coopération de la République du Sénégal. Retrieved 2021-04-06.
  6. "Sénégal : Amadou Hott, ex DG du Fonsis nommé vice -président de la Banque africaine de développement". Africa Lead News. Retrieved 7 April 2021.
  7. Maury, Frédéric. "Amadou Hott, l'argentier d'Aliko Dangote". Jeune Afrique. Retrieved 7 April 2021.
  8. Aidara, Ismael. "SÉNÉGAL - Le banquier sénégalais, Amadou Hott, nouveau PCA de AIBD". Seneweb. Retrieved 7 April 2021.
  9. "Amadou Hott, vice-président de la Banque africaine de développement : « Nous voulons réduire le prix des kits solaires » – Jeune Afrique". JeuneAfrique.com (in français). 2017-06-29. Retrieved 2021-04-06.
  10. "BAD approves $25 million investment in Renewable Energy Projects Fund in Africa". ALER. Retrieved 7 April 2021.
  11. "MONSIEUR AMADOU HOTT Ministre de l'Economie, du Plan et de la Coopération". Gouvernement République du Sénégal. Retrieved 7 April 2021.
  12. "Amadou Hott". World Economic Forum. Retrieved 2021-04-06.
  13. "The $100 Million Tony Elumelu Foundation Entrepreneurship Programme - Opens on January 1, 2015". allAfrica.com. 2015-01-01. Retrieved 2021-04-06.
  14. "Amadou Hott CEO, Fonds Souverain d'Investissements Strategiques Senegal". Global Teacher Prize. Retrieved 7 April 2021.

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