Kofo Sanusi appointed as new COO for AVCA

AFRICA – African Private Equity and Venture Capital Association (AVCA) has announced the appointment of Kofo Sanusi as its new Chief Operating Officer (COO). Sanusi joins AVCA from Founders Factory Africa (FFA), a venture development company investing in start-ups in sub-Saharan Africa. “Kofo is the right person to support the Association as we implement the strategic vision and continue to deliver value for our members. She brings an exceptional track record of providing strategic, operational, and financial management for various businesses across Africa,” Abi Mustapha-Maduakor, AVCA CEO, said. “Her in-depth…

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Afrinvest West Africa appoints Onoise Onaghinon as its Chief Operating Officer

WEST AFRICA – Afrinvest West Africa Limited, a leading wealth advisory firm, has announced the appointment of Mrs Onoise Onaghinon as its Chief Operating Officer. Mrs Onaghinon joined Afrinvest (then SecTrust) in 2003 as an Analyst in the Firm’s investment banking division.  With diligence, commitment and professionalism, she rose through the ranks to become an Associate, then Vice President and eventually Executive Director & Head of Investment Banking.  She is a seasoned veteran in the Nigerian capital markets and investment landscape with over 18 years of experience in capital raising,…

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Verod Capital appoints Nieros Oyegun Soerensen as Principal and COO

NIGERIA -Verod Capital Management, a West African private equity firm, has hired Nieros Oyegun Soerensen as a Principal and the firm’s Chief Operating Officer (COO). Soerensen brings over 15 years of rich finance and leadership experience, most recently as the Head of The Africa List and Nigeria coverage at CDC Group, where she supported the growth of CDC’s investment footprint in the region, with an emphasis on developing management and organisational capacity within the portfolio and beyond. She was previously the Head of Corporate Finance and Investor Relations at LADOL,…

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Spur Corporation Chief Operating Officer Mark Farrelly resigns

SOUTH AFRICA – Spur Corporation, steakhouse franchise restaurant headquartered in South Africa has announced that its group’s Chief Operating Officer (“COO”) and executive director, Mark Farrelly, has resigned from the group. Mark began his career with the group in 1990 as an operations manager and was promoted to regional operations manager in 1995. He joined the board in 1999 and was subsequently appointed as Chief Operating Officer in 2012. Chief Executive Officer, Pierre van Tonder, remarked, “We all have a deep sense of appreciation for Mark’s colossal contribution to what the…

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Dfcu Bank appoints Hope Ekudu as the new Chief Operating Officer

UGANDA – Development Finance Company of Uganda Bank Limited (dfcu Bank), a commercial bank, has appointed Hope Ekudu as the new Chief Operating Officer, replacing Mr Andrew Kabeera. Ms Ekudu joined the Bank’s senior management team and will provide strategic leadership to the Operations function with a focus on driving operational excellence. With a banking career spanning over 13 years, Ekudu has held several roles at management level including Head of Business and Institutional Banking, Head of Operations and Business Technology as well as Head of Retail Banking. She has…

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AVCA appoints former Chief Operating Officer Dara Owoyemi as Interim CEO

AFRICA – The Board of Directors of the African Private Equity and Venture Capital Association (AVCA) have announced the appointment of Dara Owoyemi as Interim CEO, following the departure of Michelle Kathryn Essomé last month. Ms. Owoyemi previously served as Board Member and Chief Operating Officer of AVCA, from 2011 to 2017. She was instrumental in re-building and re-vitalising the Association to deliver on its mandate – to create an enabling environment for private sector investment in Africa. Ms. Owoyemi returns to support the AVCA Board and staff in driving…

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Nedbank appoints Victor Ashikoto as its new Chief Operating Officer

NAMIBIA – Nedbank, a financial service provider, has appointed Victor Ashikoto as the chief operating officer (COO). He is a seasoned Information and Communication Technology (ICT) expert with almost two decades’ working experience in senior roles across the banking, telecommunications, transport and energy sectors. In this position, Ashikoto is largely responsible for the alignment of Nedbank’s strategy to key national initiatives, including the setting up of innovation, technology and payment capabilities and functionality within the organisation. “We are delighted by the appointment. Ashikoto has worked at the highest levels of…

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Jumia appoints Kenneth Oyolla as chief commercial officer for Kenya

KENYA – Regional e-commerce platform, Jumia, has appointed Kenneth Oyolla as its chief commercial officer (CCO) in Kenya as the firm reorganises amid its plan to cut down on losses. Mr Oyolla takes over from Diana Owusu-Kyereko who was the outgoing CCO of Jumia Kenya after being in the role since June 2017. She is now the new CEO for Jumia’s Ghanaian arm effective this January 2020. Mr Oyolla brings a wealth of experience in his new capacity. He held both the Geneal Manager in Sub Saharan Africa and Global…

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Equity Bank taps former World Bank’s executive as the new chief operating officer

KENYA – Equity Bank has named former manager at the World Bank’s private sector financing arm IFC, John Wilson as new operations chief for the bank’s East and Southern Africa market. The announcement was done on the 3rd of September and followed the institution’s plans to accelerate the digitization of products and services. The Swede national replaces Bhartesh Shah who transitions to the Group’s director for Digitisation, Virtualisation, Analytics and Artificial Intelligence risk management arm. John will supplement the execution of strategy and operation oversight of the entire business, including…

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