• Sunday, May 19, 2024
businessday logo


AFC appoints Emuwa as new board chairman

AFC appoints Emuwa as new board chairman

Africa Finance Corporation (AFC), an instrumental infrastructure solutions provider, has announced Emeka Emuwa as the new chairman of its board of directors.

Emuwa boasts over 30 years of experience transforming financial institutions across Africa, according to a statement on Wednesday.

He served as country officer and managing director of Citibank Nigeria before leading Union Bank of Nigeria as group managing director and CEO, successfully revitalising the institution.

Emuwa has been a part of AFC’s board since 2015, previously serving as the chairman of the board risk and investment committee, and as a member of the board nominations and governance committee.

He is also the chairman of Tangerine Financial (U.K.), the holding company for a financial services group providing insurance and pension solutions across the continent.

“Emuwa’s considerable experience, insightful perspectives and immense dedication to Africa’s development seamlessly align with our mission,” Samaila Zubairu, President & CEO of AFC said.

“We are confident that under his continued guidance, AFC will continue to make significant strides in transforming the continent. He brings a deep understanding of Africa’s financial landscape within a global context, and has a clear vision for enabling AFC to further amplify its impact,” Zubairu added.

Commenting on his appointment, Emuwa said, “I am deeply honoured to be appointed Chairman of AFC, an institution that has, over the past 16 years, evolved into the leading infrastructure investor in Africa, delivering transformational projects across pivotal sectors of the economy.

“I look forward to continuing to work closely with the board, management, and all stakeholders to advance AFC’s mission and strengthen its role as a driving force for economic growth and infrastructure development on the African continent,” Emuwa added.

Since 2007, AFC has been a catalyst for private sector investment in Africa’s infrastructure backbone. From power grids to transportation networks, the organisation has delivered essential services across key sectors, igniting economic growth in 43 member countries.