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AVCA appoints six members to board

By Guardian Nigeria
23 August 2022   |   3:30 am
The African Private Equity and Venture Capital Association (AVCA) has announced the appointment of six industry leaders to join its Board of Directors.

Abi Mustapha-Maduakor

The African Private Equity and Venture Capital Association (AVCA) has announced the appointment of six industry leaders to join its Board of Directors.

According to a statement, the new board members are Chief Executive Officer (CEO) and Group Managing Partner, Mediterrania Capital Partners, Albert Alsina; Partner and Chief Information Officer, AFIG Funds, Patrice Backer; Managing Partner, Sahel Capital, Mezuo Nwuneli; Partner, LeapFrog Investments, Karima Ola; Co-founder and Managing Partner, Zoscales Partners, Jacop Rentschler and Senior Partner, AfricInvest, Ann Wyman.

The statement explained that the AVCA board plays an important role in the oversight, governance and strategic direction of the association.

To this end, it stated that the new directors would strengthen AVCA’s execution of its ongoing strategy as a market-shaping industry association, driving the promotion and advocacy of private capital in Africa.

Commenting on the appointments, co-founder and CEO of Metier and Chair of the AVCA Board, Paul Botha, said: “With a record year (2021) in private equity and venture capital investments into the continent this year – the African private capital industry continues to mature. We are proud to welcome such pioneering figures to the AVCA Board of Directors. Albert, Ann, Jacop, Karima, Mezuo and Patrice have made significant contributions to the evolution of our industry over the years. We look forward to their perspectives and progressive work supporting AVCA’s mission to enable private investment in Africa.

Also, CEO of AVCA, Abi Mustapha-Maduakor, added: “As we continue to leverage the tremendous opportunities that investors, fund managers and ambitious companies across the continent are tapping into, the outlook for our industry this year and beyond is extremely promising from AVCA’s view of the market.

I am delighted to welcome our new board members; their diverse expertise and strategic insight will be invaluable as we deliver on our mandate and support the objectives of our increasing member base. I look forward to working closely with our new Board alongside our Chair, Paul Botha and Vice-Chair, Genevieve Sangudi, at the helm.”

The announcement comes as AVCA prepares for its Sustainable Investing in Africa summit, which the organisation will inaugurate in October, as part of AVCA’s strategy to convene and highlight the key players committed to unlocking more opportunities for sustainable investment across the continent.