Saturday, April 20, 2019 UTC

AGF Magazine - April 2019 issue

  • In a region where only a minority of the population has access to a bank account and SMEs struggle to get financial help from traditional banks, Albert Alsina, CEO and Founder of Mediterrania Capital Partners, explains how the PE industry is becoming a catalyst for the African Fintech ecosystem’s development, enabling large-scale banking and supporting entrepreneurs and SMEs in their expansion plans (pp. 10-12).
  • In this month’s issue of Africa Global Funds, we also caught up with Kenneth Kaniu, Britam Asset Managers CEO, to learn about their anchor investment in Tiserin Capital, and the needs and constraints of institutional investors in Kenya and East Africa (pp. 14-15).
  • On the infrastructure front, we hear from Moritz Breickmann, Investment Director at African Infrastructure Investment Managers (AIIM) who showcases some successful airport redevelopments in Africa. Read on to find why airport infrastructure projects on the continent can provide attractive long term returns to investors (p.17).
  • In this month’s issue we also learn that the FTIF Templeton Africa Fund was merged into the FTIF Templeton Frontier Markets Fund. We speak with Ahmed Awny and David Haglund about the Fund and its African investments (p.16).
  • Finally, Rob Childs, Head of International for Prescient Fund Services shares his views on the global distribution challenges facing African fund managers and why the firm decided to domicile their offshore fund range in Ireland (p. 22).
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News > People Moves

FinDev Canada appoints Alemayehou

Africa Global Funds
April 6, 2019, 9:40 p.m.

Word count: 301

FinDev Canada, a wholly-owned subsidiary of Export Development Canada (EDC), has appointed Mimi Alemayehou as an independent Board Member to its Board of Directors.

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FinDev Canada, a wholly-owned subsidiary of Export Development Canada (EDC), has appointed Mimi Alemayehou as an independent Board Member to its Board of Directors.

Alemayehou is Managing Director and a member of the Board of Directors for Black Rhino Group, an investment platform focused on the development and acquisition of energy and infrastructure assets across Africa. 

Prior to joining Black Rhino, Alemayehou was the Executive Vice President of the Overseas Private Investment Corporation (OPIC), the development finance agency of the US Government, which provides loans, guarantees, and insurance to catalyze foreign direct investment and private equity into emerging markets. 

Alemayehou was appointed to the post by President Obama and confirmed unanimously by the full Senate. 

During her tenure from 2010 to 2014, OPIC's portfolio grew by more than 24% to $18bn and the corporation's Africa portfolio tripled to nearly $4bn. 

Previously, Alemayehou was appointed by President George W. Bush to serve as the United States Executive Director on the Board of Directors for the African Development Bank (AfDB). 

In this role, she was the senior US Treasury Department official in Africa representing the United States on policy and development issues across the continent. 

Alemayehou received a Distinguished Honor Award for her outstanding service from then-United States Secretary of Treasury, Henry Paulson. 

Alemayehou was appointed by President Obama to serve on the United States President's Advisory Council on Doing Business in Africa and has served in that role since 2016.

The Development Finance Institute Canada, operating under the FinDev Canada brand, is a Canadian institution dedicated to providing financial services to the private sector in developing countries with the aim of combating poverty through economic growth by focusing on three main themes: economic development through job creation, women economic empowerment, and climate change mitigation.

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