- Emuwa brings to Africa Finance Corporation a wealth of experience over three decades.
- He has been a part of AFC’s Board since 2015, previously serving as the Board Risk and Investment Committee Chairman.
- AFC, with its partners, is the biggest investor in renewable energy in Africa
Africa Finance Corporation (AFC), the continent’s leading instrumental infrastructure solutions provider, has appointed Emeka Emuwa as Chairman of its Board of Directors.
Emuwa brings a wealth of experience spread over three decades, leading and transforming banking institutions across Africa.
After completing a 25-year career with Citibank, where he left as the Country Officer and Managing Director of Citibank in Nigeria, he went on to serve as the Group Managing Director and Chief Executive Officer of Union Bank of Nigeria.
In this role, he led the bank’s transformation. He worked successfully with the new shareholders to transform and restore one of Nigeria’s oldest institutions to its rightful position as a credible and robust provider of financial services.
Emuwa’s extensive experience and unwavering dedication to the advancement of Africa make him a valuable asset to AFC when the Corporation is rapidly expanding its operations across the continent and building partnerships through international collaborations.
He 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 (UK), the holding company for a financial services group providing insurance and pension solutions across the continent. Mr Emuwa is thus well positioned to oversee and guide AFC on its future strategy and growth aspirations.
The Corporation’s mission to accelerate development impact, foster industrialisation, and enhance value capture and retention across the continent by providing critical infrastructure is crucial for African development and prosperity.
Africa Finance Corporation Chair Approval
Speaking on the appointment, Samaila Zubairu, President & CEO of AFC, said Emuwa’s considerable experience, insightful perspectives and immense dedication to Africa’s development seamlessly align with the organisation’s mission.
“We are confident that under his continued guidance, Africa Finance Corporation 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,” said Zubairu.
Emuwa expressed that he was deeply honoured to be appointed Chairman of Africa Finance Corporation, noting that the institution had evolved into the leading infrastructure investor in Africa over the past 16 years, delivering transformational projects across pivotal sectors of the economy.
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He added that he looked forward to continuing to work closely with the board, management, and all stakeholders to advance Africa Finance Corporation’s mission and strengthen its role as a driving force for economic growth and infrastructure development on the African continent.
Africa Finance Corporation, with its partners, is the biggest investor in renewable energy in Africa following its recent acquisition of Lekela Power and leadership of significant wind power projects, including in Djibouti.
The Corporation’s development of special economic zones through its investee company ARISE IIP is helping to diversify the economies of nine countries, building a global manufacturing powerhouse.
Africa Finance Corporation was appointed lead developer of the Lobito Corridor and Zambia-Lobito Rail Line, bringing together partners including the US government, the European Union, the African Development Bank and the governments of Angola, the Democratic Republic of Congo and Zambia.
AFC enjoys an A3 rating (Moody’s) and has successfully raised and mobilised significant amounts of capital from global markets and investors to work alongside African domestic capital to develop the African industrial and infrastructure base.
