The Africa Finance Corporation (AFC) has announced the appointment of Samaila D Zubairu as its third president and CEO, succeeding Andrew Alli, whose tenure has come to an end after having successfully served in the position since 2008. Zubairu is a distinguished fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an accomplished infrastructure development finance specialist with over 29 years of professional experience. According to the statement, the appointment of Zubairu follows a six-month search process that saw over 100 candidates apply for the role. "On behalf of the corporation, I am delighted to welcome Samaila Zubairu to the AFC. In Zubairu, we have identified an individual with exceptional qualities across deal origination, execution, and capital raising that will continue to facilitate the AFC's ability to deliver transformational change through infrastructure investment as it moves into a new era," said Okwu J Nnanna, chairperson of the AFC. On the other hand, Zubairu commented that the AFC is one of the most dynamic organisations on the continent. Zubairu stated that, in the last decade, the organisation grew its balance sheet by a remarkable 400% and produced competitive returns, whilst transforming African economies through innovative infrastructure development and financing, adding that he is honoured by this appointment to lead such a distinguished organisation.
