Nigeria’s Samaila Zubairu was announced on July 1, the new managing director of Africa Finance Corporation (AFC), replacing Andrew Alli, who has been in office since 2008.
This appointment follows a six-month recruitment process, which registered more than 100 applicants.
Graduate in Accounting from Ahamadu Bello University of Zaria, Samaila Zubairu, member of the Institute of Chartered Accountants of Nigeria (ICAN) and Infrastructure Development Finance Specialist with more than 29 years of professional experience.
Prior to his appointment, he was CEO of Africapital Management Limited where he established a joint venture with African Investment Investment Managers (AIIM) of Old Mutual to develop the Nigerian Infrastructure Investment Fund (NIIF1) for private equity infrastructure. West Africa.
Zubairu has also coordinated the recent US $ 300 million acquisition of Eko Electricity Distribution Plc.
Mostly owned by African financial institutions (47.6% and the remaining 42.5% owned by the Central Bank of Nigeria), the Africa Finance Corporation (AFC) is a pan-African multilateral development finance institution created in 2007 to fill Africa’s investment gap in infrastructure by providing debt and equity financing, project development, and technical and financial advice.
