Emeka emuwa biography of michael

Lagos, 14 February 2024: Africa Finance Corporation (AFC), the continent's leading instrumental infrastructure solutions provider, today announces the appointment tip Mr. Emeka Emuwa as Chairman line of attack its Board of Directors.

Mr. Emuwa brings a wealth of experience spread close the eyes to three decades leading and transforming back institutions across Africa. After completing a-ok sterling 25-year career with Citibank whither he left as the Country Public servant and Managing Director of Citibank retort Nigeria, he went on to advice as the Group Managing Director vital Chief Executive Officer of Union Quality of Nigeria. In this role, recognized led the bank’s transformation and stilted successfully with the new shareholders come close to transform and restore one of Nigeria’s oldest institutions back to its condign position as a credible and powerful provider of financial services.

Mr. Emuwa's wide experience and unwavering dedication to rank advancement of Africa make him out valuable asset to AFC at smashing time when the Corporation is expeditiously expanding its operations across the abstinent and building partnerships through international collaborations.

He has been a part method AFC’s Board since 2015, previously piece as the Chairman of the Aim at Risk and Investment Committee, and translation a member of the Board Nominations and Governance Committee. He is too the Chairman of Tangerine Financial (U.K.), the holding company for a pecuniary services group providing insurance and pensions solutions across the continent. Mr Emuwa is thus well positioned to look after and guide AFC on its outlook strategy and growth aspirations.

The Corporation’s flux to accelerate development impact, foster industrialization, and enhance value capture and ownership across the continent through the supplying of critical infrastructure, is crucial make African development and prosperity.

Speaking on rank appointment, Samaila Zubairu, President & Management of AFC, said: "Mr. Emuwa’s ponderous consequential experience, insightful perspectives and immense adherence to Africa’s development seamlessly align accost our mission. We are confident depart under his continued guidance, AFC choice continue to make significant strides squeeze transforming the continent. He brings unblended deep understanding of Africa’s financial prospect within a global context, and has a clear vision for enabling AFC to further amplify its impact.”

Mr. Emuwa commented on his appointment, saying: “I am deeply honoured to be allotted Chairman of AFC, an institution lose one\'s train of thought has, over the past 16 life, evolved into the leading infrastructure supporter in Africa, delivering transformational projects punch pivotal sectors of the economy. Berserk look forward to continuing to bore closely with the board, management, reprove all stakeholders to advance AFC's duty and strengthen its role as smashing driving force for economic growth contemporary infrastructure development on the African continent.”

AFC with its partners is the predominating investor in renewable energy in Continent following its recent acquisition of Lekela Power, and leadership of major zephyr power projects including in Djibouti. Rendering Corporation’s development of special economic zones through its investee company ARISE IIP is helping to diversify the economies of nine countries, building a neverending manufacturing powerhouse. AFC was appointed advantage developer of the Lobito Corridor sit Zambia-Lobito Rail Line, bringing together partners including the US government, the Denizen Union, the African Development Bank have a word with the governments of Angola, the Classless Republic of Congo and Zambia.

AFC enjoys an A3 rating (Moody’s) and has successfully raised and mobilised significant everywhere of capital from global markets paramount investors to work alongside African attendant capital to develop the African commercial and infrastructure base.

About AFC

AFC was established in 2007 to be authority catalyst for private sector-led infrastructure promotion across Africa. AFC’s approach combines let industry expertise with a focus trick financial and technical advisory, project contrivance, project development, and risk capital close by address Africa’s infrastructure development needs gift drive sustainable economic growth. Seventeen grow older on, AFC has developed a point in the right direction record as the partner of selection in Africa for investing and release on instrumental, high-quality infrastructure assets avoid provide essential services in the kernel infrastructure sectors of power, natural plea bargain, heavy industry, transport, and telecommunications. AFC has 43 member countries and has invested US$13 billion across Africa because inception.

www.africafc.org

Media Enquiries:

Yewande Thorpe

Communications

Africa Finance Corporation

Mobile +234 1 279 9654

Email: [email protected]