The Board of the Africa Finance Corporation (AFC) elected yesterday Dr. Sarah Alade as chairman of the Board of Directors.
The lender also named Lamido Yuguda as a Director. Alade is the Deputy Governor (Economic Policy) of the Central Bank of Nigeria (CBN). Yuguda is Director of Reserves Management at the apex bank.
Also, the AFC has over the last six years, financed investments of approximately $1.9 billion across the continent, with a current portfolio of 26 projects.
The appointment is part of AFC’s Board succession process which also saw the exit of Adebayo Ogunlesi and Aliyu Dikko.
Other members of the board are, Andrew Alli, President and Chief Executive Officer; Solomon Asamoah, Deputy Chief Executive Officer and Chief Investment Officer; Dr Adesegun A. Akin-Olugbade, Executive Director and General Counsel.
Among the directors named yesterday, are the former Group Managing Director of Access Bank Plc, Aigboje Aig-Imoukhuede, Jibril Aku, Mr Tony Elumelu, Mr Emeka Emuwa, Mr Tunde Lemo, Mr Olabisi Onasanya and Mr Ebenezer Onyeagwu. Others are Mr Lewis Tung, Director; Mr Robert Tung, Director and Mr Lamido Yuguda, Director.