Africa Finance Corporation Appoints Emeka Emuwa as Chairman of Board

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Africa Finance Company (AFC) (www.AfricaFC.org), the continent’s main instrumental infrastructure options supplier, at present proclaims the appointment of Mr. Emeka Emuwa as Chairman of its Board of Administrators.

Mr. Emuwa brings a wealth of expertise unfold over three a long time main and remodeling banking establishments throughout Africa. After finishing a sterling 25-year profession with Citibank the place he left because the Nation Officer and Managing Director of Citibank in Nigeria, he went on to function the Group Managing Director and Chief Government Officer of Union Financial institution of Nigeria. On this function, he led the financial institution’s transformation and labored efficiently with the brand new shareholders to rework and restore one among Nigeria’s oldest establishments again to its rightful place as a reputable and powerful supplier of monetary companies.

Mr. Emuwa’s intensive expertise and unwavering dedication to the development of Africa make him a priceless asset to AFC at a time when the Company is quickly increasing its operations throughout the continent and constructing partnerships by way of worldwide collaborations.

He has been part of AFC’s Board since 2015, beforehand serving because the Chairman of the Board Threat and Funding Committee, and as a member of the Board Nominations and Governance Committee. He’s additionally the Chairman of Tangerine Monetary (U.Okay.), the holding firm for a monetary companies group offering insurance coverage and pensions options throughout the continent. Mr Emuwa is thus effectively positioned to supervise and information AFC on its future technique and development aspirations.

The Company’s mission to speed up growth impression, foster industrialisation, and improve worth seize and retention throughout the continent by way of the supply of vital infrastructure, is essential for African growth and prosperity.

Talking on the appointment, Samaila Zubairu, President&CEO of AFC, stated: “Mr. Emuwa’s appreciable expertise, insightful views and immense dedication to Africa’s growth seamlessly align with our mission. We’re assured that below his continued steering, AFC will proceed to make vital strides in reworking the continent. He brings a deep understanding of Africa’s monetary panorama inside a world context, and has a transparent imaginative and prescient for enabling AFC to additional amplify its impression.”

Mr. Emuwa commented on his appointment, saying: “I’m deeply honoured to be appointed Chairman of AFC, an establishment that has, over the previous 16 years, advanced into the main infrastructure investor in Africa, delivering transformational initiatives throughout pivotal sectors of the economic system. I look ahead to persevering with to work carefully with the board, administration, and all stakeholders to advance AFC’s mission and strengthen its function as a driving power for financial development and infrastructure growth on the African continent.”

AFC with its companions is the most important investor in renewable vitality in Africa following its latest acquisition of Lekela Energy, and management of main wind energy initiatives together with in Djibouti. The Company’s growth of particular financial zones by way of its investee firm ARISE IIP helps to diversify the economies of 9 nations, constructing a world manufacturing powerhouse. AFC was appointed lead developer of the Lobito Hall and Zambia-Lobito Rail Line, bringing collectively companions together with the US authorities, the European Union, the African Growth Financial institution and the governments of Angola, the Democratic Republic of Congo and Zambia.

AFC enjoys an A3 score (Moody’s) and has efficiently raised and mobilised vital quantities of capital from world markets and buyers to work alongside African home capital to develop the African industrial and infrastructure base.

Distributed by APO Group on behalf of Africa Finance Company (AFC).

Media Enquiries:
Yewande Thorpe
Communications
Africa Finance Company
Cellular +234 1 279 9654
E-mail: yewande.thorpe@africafc.org

About AFC:
AFC was established in 2007 to be the catalyst for personal sector-led infrastructure funding throughout Africa. AFC’s strategy combines specialist business experience with a give attention to monetary and technical advisory, undertaking structuring, undertaking growth, and threat capital to deal with Africa’s infrastructure growth wants and drive sustainable financial development. Seventeen years on, AFC has developed a observe file because the companion of alternative in Africa for investing and delivering on instrumental, high-quality infrastructure property that present important companies within the core infrastructure sectors of energy, pure sources, heavy business, transport, and telecommunications. AFC has 43 member nations and has invested US$13 billion throughout Africa since inception. www.AfricaFC.org

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