Africa Finance Corporation, 1 of the major buyers in infrastructure alternatives in Africa, is happy to announce the appointment of Sameh Shenouda as its new Govt Director and Chief Investment decision Officer.
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Sameh Shenouda, Government Director and Chief Expenditure Officer at Africa Finance Corporation (Photograph: Company Wire)
Mr. Shenouda provides around 27 years of practical experience in investments and fundraising in global funds marketplaces, with a target on infrastructure improvement, environment up new platforms and supporting administration teams. He has deep information of African markets and has worked across AFC’s precedence sectors including Electric power, Transportation & Logistics, Hefty Industries and Normal Sources.
Egyptian-born Mr. Shenouda was most lately the CEO of Zarou, a developer, operator and operator of infrastructure assignments in Africa, the Center East, and South Asia that is 100% owned by The Blackstone Group. Formerly, he was the Head of Infrastructure at CDC Group Plc, the United kingdom development finance establishment. Mr. Shenouda developed CDC’s immediate infrastructure fairness business enterprise, which, underneath his leadership, invested in extra of US$1 billion in Africa and South Asia.
“I have generally admired the AFC for its innovation, special mandate, bold expansion options and vision to push infrastructure answers for the African continent,” mentioned Mr. Shenouda. “I seem ahead to functioning with the proficient team and all stakeholders to produce sustainable advancement for the continent and aggressive returns for shareholders, and go on the legacy of my predecessor, Oliver Andrews, in building AFC’s up coming chapter and driving new frontiers for advancement.”
Following Mr. Shenouda’s appointment, Oliver Andrews now retires from the Corporation, following 13 distinguished many years at AFC, and nearly 40 years in task improvement, infrastructure advancement, investing, general public-non-public partnerships and strategic advisory.
All through his tenure as CIO, AFC deployed over US$8.7 billion across 35 nations around the world in Energy, Transport & Logistics, Heavy Industries, Telecommunications and Natural Sources. He was pioneer of the undertaking advancement asset class at AFC, getting led quite a few signature transactions which include the 350MW Cenpower Kpone IPP challenge in Tema, Ghana the 60MW Red Sea Electrical power wind farm in Ghoubet, Djibouti Dynamic Mining bauxite mine in Guinea and Arise, a pan-African infrastructure and industrial system. The pioneer Chairman of Africa Infrastructure Advancement Affiliation, Mr. Andrews led AFC’s accreditation with the Environmentally friendly Climate Fund. Formerly functioning at the World Bank, the African Progress Lender, the Economic Group of West African States (ECOWAS), TCI Infrastructure and the Gambia Ports Authority, Mr. Andrews received the Winner of Finance Award in 2017 from EMEA Finance for his contribution to the expense market.
“Sameh joins AFC at a pivotal time as we scale up our aspirations for accelerated growth affect on the continent as perfectly as reconfigure our expense approach to address the worries from Africa’s initial financial downturn in 25 years,” explained Samaila Zubairu, President and CEO of AFC. “Sameh provides deep understanding and revolutionary considering to the main sectors inside of which we work as a extremely successful financier in Africa’s infrastructure house.
“Our substantial gratitude goes to Oliver, who has been at the heart of AFC’s improvement. Oliver leaves a legacy of achievement and development, befitting his stature as a single of Africa’s most revered infrastructure financiers. On behalf of the Board and everybody at AFC, we thank him, and desire him well in his retirement.”
Finishes
Notes to Editors
About AFC – www.africafc.org
AFC was founded in 2007 to be the catalyst for non-public sector-led infrastructure investment decision across Africa. It is the next maximum expenditure quality rated multilateral economic institution in Africa. AFC’s approach combines expert business experience with a aim on monetary and technical advisory, job structuring, task progress and danger capital to address Africa’s infrastructure progress requires and push sustainable financial expansion. AFC invests in substantial-good quality infrastructure assets that provide necessary solutions in the core infrastructure sectors of electrical power, organic assets, hefty marketplace, transportation, and telecommunications. To date, the Company has invested in excess of US$8.7 billion in tasks in 35 nations around the world throughout Africa.
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Contacts
AFC/ NEW Marketplaces Make contact with:
Gavin Serkin
New Markets Media & Intelligence
[email protected]
+44 20 3478 9710
Olisa Nwokedi
Africa Finance Company
[email protected]
+234 9062834707
Rita Babihuga-Nsanze
Africa Finance Company
[email protected]
+234 906 298 1490
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