Africa Finance Corporation, a pan-African infrastructure bank, plans to shift its energy portfolio towards greener projects in a bid to attract greater interest from institutional investors, according to its new chief investment officer.
Sameh Shenouda, who on Monday will join the Lagos-based bank from Blackstone-owned energy group Zarou, said the AFC board had agreed to a plan to bundle new and existing solar, wind and hydro projects in several African countries into a new unit, with combined generating capacity of 1-2 gigawatts of renewable energy. That unit could eventually be separated out and floated on the London Stock Exchange, he said.
Africa Finance Corporation (AFC), one of the biggest investors in infrastructure solutions in Africa, has appointed Sameh Shenouda as its new Executive Director and Chief Investment Officer. Shenouda brings over 27 years of experience in investments and fundraising in international capital markets, with a focus on infrastructure development, setting up new platforms and supporting management teams.
Sameh Shenouda rejoint Africa Finance Corporatio maurice-info.mu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from maurice-info.mu Daily Mail and Mail on Sunday newspapers.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Africa Finance Corporation hires Blackstone’s Zarou CEO, Sameh Shenouda, as CIO
February 15, 2021 GMT
Sameh Shenouda, Executive Director and Chief Investment Officer at Africa Finance Corporation (Photo: Business Wire)
LONDON (BUSINESS WIRE) Feb 15, 2021
Africa Finance Corporation, one of the biggest investors in infrastructure solutions in Africa, is pleased to announce the appointment of Sameh Shenouda as its new Executive Director and Chief Investment Officer.
ADVERTISEMENT
Sameh Shenouda, Executive Director and Chief Investment Officer at Africa Finance Corporation (Photo: Business Wire)
Mr. Shenouda brings over 27 years of experience in investments and fundraising in international capital markets, with a focus on infrastructure development, setting up new platforms and supporting management teams. He has deep knowledge of African markets and has worked across AFC’s priority