8chan/8kun QResearch SOUTH AFRICA Posts (1)
#13062131 at 2021-02-27 19:09:41 (UTC+1)
Q Research South Africa #3: State Inquiry Rebake Edition
"Africa Finance Corporation hires Blackstone's Zarou CEO, Sameh Shenouda, as CIO"- https://southafricatoday.net/africa/africa-finance-corporation-hires-blackstones-zarou-ceo-sameh-shenouda-as-cio/. Below are a few excerpts.
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.
Egyptian-born Mr. Shenouda was most recently the CEO of Zarou, a developer, owner and operator of infrastructure projects in Africa, the Middle East, and South Asia that is 100% owned by The Blackstone Group. Previously, he was the Head of Infrastructure at CDC Group Plc, the UK development finance institution [owned by the UK government]. Mr. Shenouda built CDC's direct infrastructure equity business, which, under his leadership, invested in excess of US$1 billion in Africa and South Asia.
Following Mr. Shenouda's appointment, Oliver Andrews now retires from the Corporation, after 13 distinguished years at AFC, and nearly 40 years in project development, infrastructure development, investing, public-private partnerships and strategic advisory.
During his tenure as CIO, AFC deployed over US$8.7 billion across 35 countries in Power, Transport & Logistics, Heavy Industries, Telecommunications and Natural Resources. He was pioneer of the project development asset class at AFC, having led several signature transactions including the 350MW Cenpower Kpone IPP project in Tema, Ghana; the 60MW Red Sea Power wind farm in Ghoubet, Djibouti; Dynamic Mining bauxite mine in Guinea; and ARISE, a pan-African infrastructure and industrial platform. The pioneer Chairman of Africa Infrastructure Development Association, Mr. Andrews led AFC's accreditation with the Green Climate Fund. Formerly working at the World Bank, the African Development Bank, the Economic Community of West African States (ECOWAS), TCI Infrastructure and the Gambia Ports Authority, Mr. Andrews received the Champion of Finance Award in 2017 from EMEA Finance for his contribution to the investment industry.
"Sameh joins AFC at a pivotal time as we scale up our aspirations for accelerated development impact on the continent as well as reconfigure our investment approach to address the challenges from Africa's first economic downturn in 25 years," said Samaila Zubairu, President and CEO of AFC. "Sameh brings deep knowledge and innovative thinking to the core sectors within which we operate as a highly successful financier in Africa's infrastructure space.
Remember;
Per The Africa Finance Corporation website at https://www.africafc.org/about-us/introduction-from-our-president-ceo/;
With 27 member countries, and an investment footprint that has disbursed over US$7 billion across 30 countries in Africa in the Power, Transport, Telecommunications, Heavy Industries and Natural Resources sectors, we are a truly Pan-African institution. We have spearheaded pioneering infrastructure solutions across Africa, from Cape to Cairo, such as 385km Bakwena Toll Road in South Africa, to the Carbon Holding petrochemicals facility in Egypt.
"The secret way South Africa's toll fees are calculated" at https://mybroadband.co.za/news/motoring/369723-the-secret-way-south-africas-toll-fees-are-calculated.html states;
OUTA believes there is a possibility that concessionaires [like Bakwena] could be benefiting from excessive profits, part of which may require credit to the road users in reduced toll fees or returns to SANRAL.