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The Africa Finance Corporation announced the appointment of Samaila D. Zubairu as the third President and Chief Executive Officer, succeeding Andrew Alli who holds this position since 2008. [19659004] Zubairu is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an expert in Infrastructure Development Finance with over 29 years of experience professional.
He is the CEO of Africapital Management in which he has established He also recently coordinated the acquisition of Eko Electricity Distribution by the African Infrastructure Investment Managers (AIIM) Fund of Old Mutual to develop the Nigerian Infrastructure Investment Fund1 for infrastructure investment capital across West Africa . 19659005] He led financing operations for over $ 3 billion covering: facili links, acquisitions, business transformation initiatives, privatization and equity market transactions.
Zubairu's appointment follows a six-month research process that saw more than 100 candidates apply for the role.
"On behalf of the Society, I am delighted to welcome Zubairu to the Africa Finance Corporation," commented Dr. Okwu J. Nnanna
"At Samaila, we have identified a individual with outstanding qualities through origination, execution and raising of capital that will continue to facilitate the comments of the ability of the African Finance Corporation to bring about a transformational change through investment in infrastructure as it enters a new era. Huge benefit for Africa Finance Corporation and all its stakeholders as we build on a decade that has seen the company become a market leader in the Africa infrastructure space positively affecting millions of lives every day. [19659005] "I want to thank Andrew Alli, who over the last decade has turned Africa Finance Corporation from a start-up into a world-clbad institution." His departure is truly our loss and I am confident to say that I speak on behalf of all stakeholders at Africa Finance Corporation in wishing Andrew the best in his future endeavors. "
" Africa Finance Corporation is one of the most dynamic organizations on the continent. Over the last decade, we've seen the organization grow its balance sheet remarkably by 400%, produce competitive returns, while transforming African economies through the development and financing of innovative infrastructure, " comments Zubairu. "As the new President and CEO, I am confident that the corporate market position is best positioned to overcome the multi-sectoral challenges of Africa's infrastructure and there is no doubt that this has been Africa Outgoing President & CEO Andrew Alli and his team of outstanding professionals have contributed a great deal, so I look forward to joining the highly regarded team of society and, together, strengthen its position as an extremely capable project partner capable of delivering sustainable development projects across the continent, "he adds.
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