The board of the Emerging Africa Infrastructure Fund consists of nine members, each of whom has special areas of expertise in finance, private enterprise and public service.
All of the members have a personal commitment to greater African prosperity and to the continent's ability to eradicate poverty.
The Board is responsible for ensuring that the Fund operates in accordance with its constitution and that its policies and behaviours meet the high standards expected. The Board makes all final decisions about new loans and the performance of existing loans. It gives direction to the fund manager, supervises the performance of the fund manager and at appropriate intervals puts the contract for the management of EAIF out to competitive tender.
EAIF is governed by a 8 member Board of Directors. They are all nominated by PIDG. Certain directors are also members of the New Business Committee and the Credit Committee, where they are joined by other representatives of the lenders. The Board Members and their roles are set out below:
Chairman and Chair of the Assets and Liability Committee and the Appointments CommitteeView Profile
Chairman and Chair of the Assets and Liability Committee and the Appointments Committee
David White has been involved in Africa’s economic development for four decades. In addition to his leadership of the Emerging Africa Infrastructure Fund, he is chairman of Goldtree Holdings Ltd, a Sierra Leone-based palm oil business. He is a director of Feronia Inc, an agriculture company based in the Democratic Republic of Congo and is a member of the investment committee of Africa Agriculture Fund, a development equity business focused on investments in the food chain in Africa. David had a long career at senior levels in investment banking, mainly at J P Morgan and Citigroup. He read economics at university and subsequently took an MBA.
Non-Executive Director and Chair of Credit, New Business, and Integrity Due Diligence CommitteeView Profile
Non-Executive Director and Chair of Credit, New Business, and Integrity Due Diligence Committee
Saud’s career has seen him lead large private sector infrastructure businesses, hold senior international public servant positions with the World Bank and International Finance Corporation and work in finance in the private sector. He has deep experience of big projects and finance and of the economic, political and commercial complexities prevalent in emerging markets.
Non-Executive Director and Chair of Audit Committee
An accountant and auditor by training, Mary was appointed audit partner of KPMG Zambia in 1997. Since then she has built her own businesses while holding a broad range of public and private sector appointments. Her board level experience covers public finances and the energy, insurance, banking and education sectors in Zambia. She chairs the Independent Advisory Oversight Committee of the World Intellectual Property Organisation and is a member on the Independent External Oversight Committee of the World Health Organisation.
Jean Claude is the chief financial officer of GLM, one of the largest conglomerates in Mauritius. In addition, his other senior management duties included his role in GLM’s project development and mergers and acquisitions activities. Jean Claude is an accountant who began his career in auditing and is a director of three publicly quoted companies in Mauritius and sits on the boards of two prominent Mauritian financial services concerns, AfrAsia Bank Ltd., and Abax Holdings Ltd.
Patrick Crawford is the Chief Executive and a Board Executive Director of The Charity Bank Limited, a social purpose bank. He began his career in finance in the City of London almost 40 years ago and has a wealth of experience in project, export and trade finance. When the Emerging Africa Infrastructure Fund was established in 2002, Patrick took on responsibility for leading the fund management team for two years. For the following 8 years he was chief executive of the UK’s Export Credit Agency. His work has given him intimate knowledge of key aspects of project financing in many global markets.
Non-Executive Director and member of the Credit Committee
Julia is the chief strategy officer at Meridiam Infrastructure, which she co-founded. It has grown to be a highly successful enterprise, with funds under management of $3.5 billion. Julia has over 25 years of international experience of investment banking and project finance. She has advised private sector and public bodies in established and emerging markets, including road and rail projects, power stations and structured trade finance transactions. Her involvement with African markets includes work in Cameroon, Kenya, Tanzania, South Africa, Uganda and Zimbabwe.
Oscar’s banking career has seen him involved in projects across 18 sub-Saharan Africa markets, most notably in Angola and Nigeria, which are two of Africa’s most dynamic economies. He brings to the EAIF board deep experience and understanding of country risk, cross border structuring and risk mitigation. In over 16 years in banking he has worked in Johannesburg, Gaborone and Nairobi, as well as in the City of London.
Non-Executive Director and Chair of Risk Committee
Cyril is a chartered accountant with a first class honours degree in physics from the University of Manchester. He worked first in London with what is now KPMG before returning to his native Mauritius where he developed a career with large global corporations and in banking. He was executive vice chairman of Barclays Bank Mauritius for 3 years and was the bank’s chief compliance and risk officer. He is currently a non-executive director of the bank and chairman of its audit committee.