Lagos – Africa Finance Corporation (AFC), the
Lagos-based institution, has announced some executive changes aimed at
enhancing its services.
Sanjeev Gupta has been appointed as Executive Director of
Dr Adesegun Akin-Olugbade was appointed Executive
Director and Chief Operating Officer of AFC from his previous role as Executive
Director, Corporate Services, taking on additional responsibilities for IT and
the newly-established, Investor and Country Relations functions.
He also remains as the Corporation's General Counsel and
Head of Legal Department.
Oliver Tunde Andrews was appointed AFC's Executive
Director and Chief Investment Officer.
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Andrew Alli, Chief Executive Officer of AFC, who
confirmed the appointments, said the organisation was formed to provide
financing solutions to infrastructure projects in Africa.
“So far we have made considerable progress over the last
eight years of operations. Nonetheless, we are at a point where we need to
reinvent ourselves and sustain the momentum. We believe that the new
organisation structure will put the AFC on the right path,” he said.
Established in 2007, AFC is a private sector-led
investment bank and development finance institution created to help mobilize
and channel required capital towards driving Africa’s economic development.
AFC’s mission is to address Africa’s development needs in
a profitable way, creating benefits for both investors and societies in the
- CAJ News