Africa Finance Corporation Appoints Emeka Emuwa as Chairman of Board

Africa Finance Corporation (AFC) has announced the appointment of Mr Emeka Emuwa as the 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 sterling 25-year career with Citibank where he left as the Country Officer and Managing Director, he went on to serve as the Group Managing Director and Chief Executive Officer of Union Bank of Nigeria.

In a statement, AFC said  Emuwa’s extensive experience and unwavering dedication to the advancement of Africa made him a valuable asset to AFC at a time when the corporation was 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.

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

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.”

February 15, 2024