Friday, December 21, 2018 09.05AM / By SouthBridge
SouthBridge Group announced on Wednesday, December 19, 2018 that Andrew Alli, former CEO of Africa Finance Corporation, will join and lead the SouthBridge group as CEO.
A dual citizen of Nigeria and the UK, Andrew is a Chartered Accountant, who holds a BEng in Electronics and Electrical Engineering from King’s College, University of London, and an MBA from INSEAD.
After a decade at the International Finance Corporation (IFC) in different positions including Country Manager for Southern Africa and Nigeria, he was appointed CEO of the nascent Africa Finance Corporation, which he built into a robust DFI focusing on African infrastructure, natural resources and heavy industry sectors. During his tenure as CEO, AFC made cumulative investments of over USD4 billion in 30 African countries and achieved the second highest credit rating for an African lending institution.
Donald Kaberuka, Chairman and Managing Partner, commented: “I am very excited to welcome Andrew to SouthBridge. An excellent pedigree, first class rigorous management, business ethics and acumen, commitment to African entrepreneurship and continental champions. At SouthBridge, he will build on his phenomenal record at the AFC to provide the leadership for the next level.”
Lionel Zinsou, Chairman and Managing Partner, said: “We have known Andrew for many years and could not be more pleased to have him join us. His proven track record at the head of a large banking institution and his vast experience will benefit SouthBridge significantly.”
Andrew Alli, CEO, said: “I am pleased to be joining SouthBridge, which is an excellent platform to continue to assist in the development of Africa by building up a strong private sector and strengthening sovereigns. I look forward to working with Lionel, Donald and all the other Partners and staffs of SouthBridge to build a landmark African institution.”
SouthBridge is a pan-African financial services firm focused on Investment Banking, Sovereign advisory, as well as on serving African and global corporates.
The firm was founded in 2017 by Donald Kaberuka, 7th President of the African Development Bank (2005-2015) and former Finance Minister of Rwanda and Lionel Zinsou, Investment Banker, Former Prime Minister of Benin and President of PAI Partners.