Africa Finance Corporation directs investment into transport, logistics, renewables in Egypt: CIO

Africa Finance Corporation directs investment into transport, logistics, renewables in Egypt: CIO

Published 10 Mar,2021 via Daily News Egypt - Sameh Shenouda was, in mid-February, appointed as the new Executive Director and Chief Investment Officer (CIO) at the Africa Finance Corporation (AFC).

The appointment follows his long experience in investments in international capital markets, African markets, and infrastructure development. Shenouda is also one of the most prominent investors in infrastructure solutions in Africa.

He has gained significant experience at the AFC, including at its transport and logistics, heavy industries, and natural resources sectors. Before this, he was 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.

Additionally, Shenouda was previously Head of Infrastructure at CDC Group Plc, the UK development finance institution, in which he built its direct infrastructure equity business. As part of this, more than $1bn was invested in Africa and South Asia. He was also keen to set up new