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Africa Finance Corporation restructures

26 October 2015, 17:21Okoro Chinedu

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 Financial Services.

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.

Also Read: 10 easy ways to stop wasting money

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 region.


- CAJ News


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