Nairobi based development banker joins Beyond Capital board

0

Beyond Capital, an impact investment fund that partners with portfolio companies in East Africa and India, has recently added to its diverse and accomplished Board of Directors.

With the appointment of Nairobi-based development banker Samuel Mugoya, Beyond Capital will expand its presence and impact in the East African region. Samuel joins a multicultural group of professionals hailing from the financial, legal, and entrepreneurial sectors, that have volunteered to serve as directors and share their diverse experiences to ensure that Beyond Capital optimizes its impact in East Africa and India.

“Our Board of Directors is an integral part of Beyond Capital’s mission of partnering with social enterprises that are finding sustainable ways to solve some of the world’s most pressing problems,” said Eva Yazhari, CEO of Beyond Capital. “Each board member provides their own mindset and invaluable contributions based on their extensive business backgrounds and personal passions.”

Beyond Capital as an impact investment fund that invests in for-profit social enterprises throughout East Africa and India. The fund invests in businesses that are focused on greater access to health care, water, sanitation, and energy, as well as food security and financial inclusion, which can increase the quality of life and standard of living for consumers living at the bottom of the economic pyramid.

Samuel Mugoya brings 30 years of professional experience in financial services and oil and gas across the African continent. He has over two decades of commercial banking, syndications, and debt capital markets experience, having established the syndications functions at the Eastern and Southern African Trade and Development Bank (“TDB”) and the African Export-Import Bank (“Afreximbank”).

In his capacity as Afreximbank’s interim environmental and social officer, Samuel oversaw the development and implementation of an environmental and social risk management policy, a role he will draw upon to inform his work with Beyond Capital. He will also focus on conducting in-field due diligence proceedings and providing investment evaluation advice for prospective portfolio companies.

“My experience in development banking across Africa, along with my previous business strategy, contracting, mergers and acquisitions background in the oil and gas industry with Shell Oil Products Africa, allows me to view Beyond Capital’s impact investment efforts with a unique perspective,” said Samuel Mugoya.

“I look forward to serving as one of the organization’s in-field ambassadors to facilitate East African social enterprises in reshaping the global economy while making measurable improvements in the communities they are striving to help.”

“We are thrilled to have Samuel on board,” commented Yazhari. “Having a distinctive presence in the region we are working in is imperative to finding and vetting social enterprises that are poised for seed-stage funding. He will serve as a lifeline to the very communities we are seeking to improve.”

Though the fund seeks market-rate financial returns, Beyond Capital is structured as a nonprofit, which permits the organization to emphasize fidelity to its social mission alongside its financial mandate.

Read also: Kenyan fin-tech Tulaa fetches $627,000 seed capital from Indian investors

Comments are closed.