Africa finance corporation new ceo

The Africa Finance Corporation (AFC) is a leading pan-African multilateral development finance institution that aims to improve the quality of life for the people of Africa by promoting economic growth, reducing poverty, and enhancing the standard of living.

As of my knowledge cutoff in 2022, the new CEO of the Africa Finance Corporation is Mr. Samaila Zubairu. He took over as the CEO of the AFC in January 2022, succeeding Mr. Andrew Alli, who had been the CEO of the corporation since 2008.

Mr. Zubairu has over 25 years of experience in the financial sector, with a strong background in investment banking, private equity, and development finance. Prior to joining the AFC, he was the CEO of the African Development Bank's Private Sector Operations Department, where he was responsible for leading the bank's private sector operations and investments in Africa.

Under his leadership, the AFC is expected to continue to play a key role in promoting economic development and growth in Africa, by providing financing and investment opportunities to African governments, corporations, and small and medium-sized enterprises (SMEs). The corporation's focus areas include infrastructure development, energy and natural resources, manufacturing and industry, and financial institutions.

Some of the key priorities for Mr. Zubairu's tenure as CEO of the AFC include:

  1. Scaling up the corporation's investments in Africa's infrastructure sector, including transportation, energy, and telecommunications.
  2. Increasing the AFC's support for African SMEs, which are critical to the continent's economic growth and development.
  3. Deepening the corporation's relationships with African governments and corporations, and identifying new investment opportunities in key sectors such as manufacturing and industry.
  4. Strengthening the AFC's risk management and governance frameworks, to ensure the corporation's continued financial stability and sustainability.

Overall, Mr. Zubairu's appointment as CEO of the Africa Finance Corporation is expected to bring new energy and expertise to the corporation, and to help drive economic growth and development in Africa.