Shareholders of Africa50, an Investment Bank for Infrastructure in Africa, have approved the expansion of the Board of Directors to include at least half Independent Directors.
The five new board members, hailing from France, Lebanon, Kenya, Nigeria and South Africa, are recognised senior experts in infrastructure or related fields, and have substantial experience as non-executive directors in Africa and globally.
The newly appointed Independent Directors are, Imoni Akpofure, an Independent Director at GTBank, Monhla Wilma Hlahla, Sophie L’Helias, Assaad Jabre, Albert Mugo
President of the African Development Bank and Chairman of the Board of Directors of Africa50 noted that the new directors will bring to bear their wealth of experience.
In his words:
“They bring with them a wealth of experience at the highest levels in infrastructure, corporate governance, public service, law, sustainability, and development finance. I am convinced that they will make a substantial contribution to the work of our Board as Africa50 ramps up its activities to help close the continent’s infrastructure gap.”
A profile of Imoni Akpofure
Ms Akpofure is an experienced finance and sustainability professional with 30 years of developed and developing country experience. She is a generalist with wide industry and geographic coverage and has a deep understanding of Sub-Saharan Africa.
She most recently served as the Regional Director for Africa at CDC Group Plc, where she focused on investments in West Africa and in Lusophone Africa. Prior to joining CDC, from 1995-2013, she worked at the International Finance Corporation (IFC), rising to the rank of Director for Western Europe.
Within IFC, she also held senior positions in the Infrastructure, Environment and Social, and the Global Manufacturing and Services departments. Ms Akpofure is currently a Senior Associate with KINA Advisory Limited, a socio-economic advisory firm.
In addition, she is a Non-executive Director of Guaranty Trust Bank Plc Nigeria, and also serves on the Investment Committees of Africa50 and the Fund for Agricultural Finance in Nigeria (FAFIN).
Africa50 is an infrastructure investment platform that contributes to Africa’s growth by developing and investing in bankable projects, catalysing public sector capital, and mobilising private sector funding, with differentiated financial returns and impact.