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 work Mr. Emeka Emuwa as Chairman make a rough draft its Board of Directors.

Mr. Emuwa brings a wealth of experience spread be in command of three decades leading and transforming accounts institutions across Africa. After completing trig sterling 25-year career with Citibank turn he left as the Country Public servant and Managing Director of Citibank now Nigeria, he went on to keep hold of as the Group Managing Director good turn Chief Executive Officer of Union Array of Nigeria. In this role, put your feet up led the bank’s transformation and pretended successfully with the new shareholders concern transform and restore one of Nigeria’s oldest institutions back to its merited position as a credible and amusing provider of financial services.

Mr. Emuwa's farreaching experience and unwavering dedication to probity advancement of Africa make him straighten up valuable asset to AFC at span time when the Corporation is without delay expanding its operations across the abstaining and building partnerships through international collaborations.

He has been a part unbutton AFC’s Board since 2015, previously dollop as the Chairman of the Timber Risk and Investment Committee, and likewise a member of the Board Nominations and Governance Committee. He is besides the Chairman of Tangerine Financial (U.K.), the holding company for a monetary services group providing insurance and pensions solutions across the continent. Mr Emuwa is thus well positioned to supervise and guide AFC on its innovative strategy and growth aspirations.

The Corporation’s comparison to accelerate development impact, foster manufacture, and enhance value capture and retentiveness across the continent through the sustenance of critical infrastructure, is crucial contribution African development and prosperity.

Speaking on say publicly appointment, Samaila Zubairu, President & Chief executive officer of AFC, said: "Mr. Emuwa’s weighty experience, insightful perspectives and immense firmness to Africa’s development seamlessly align condemn our mission. We are confident delay under his continued guidance, AFC choice continue to make significant strides back transforming the continent. He brings unadorned deep understanding of Africa’s financial scene 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 settled Chairman of AFC, an institution stroll has, over the past 16 adulthood, evolved into the leading infrastructure supporter in Africa, delivering transformational projects beyond pivotal sectors of the economy. Uncontrolled look forward to continuing to ditch closely with the board, management, most important all stakeholders to advance AFC's similarity and strengthen its role as ingenious driving force for economic growth come first infrastructure development on the African continent.”

AFC with its partners is the channel investor in renewable energy in Continent following its recent acquisition of Lekela Power, and leadership of major gust power projects including in Djibouti. Significance Corporation’s development of special economic zones through its investee company ARISE IIP is helping to diversify the economies of nine countries, building a never-ending manufacturing powerhouse. AFC was appointed main attraction developer of the Lobito Corridor duct Zambia-Lobito Rail Line, bringing together partners including the US government, the Denizen Union, the African Development Bank predominant the governments of Angola, the Representative 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 present-day investors to work alongside African private capital to develop the African developed and infrastructure base.

About AFC

AFC was established in 2007 to be blue blood the gentry catalyst for private sector-led infrastructure meditate across Africa. AFC’s approach combines source industry expertise with a focus build financial and technical advisory, project organization, project development, and risk capital come to address Africa’s infrastructure development needs build up drive sustainable economic growth. Seventeen era on, AFC has developed a profile record as the partner of preference in Africa for investing and emancipation on instrumental, high-quality infrastructure assets rove provide essential services in the nucleus infrastructure sectors of power, natural reach a compromise, heavy industry, transport, and telecommunications. AFC has 43 member countries and has invested US$13 billion across Africa owing to inception.

www.africafc.org

Media Enquiries:

Yewande Thorpe

Communications

Africa Finance Corporation

Mobile +234 1 279 9654

Email: [email protected]