The Fund for Export Development in Africa (or FEDA), a subsidiary of the African Export-Import Bank (or Afreximbank), is in the process of recruiting a new Chief Executive to lead and develop a team of professionals managing a large and diverse portfolio of assets on the continent. The vacancy became available following the unexpected and untimely death earlier this year of the fund’s former CEO, Philip Kamau.
According to the job advertisement, the role, which reports to Afreximbank’s Board of Directors, is based in Rwanda’s capital, Kigali. The new CEO will develop and implement the fund’s investment strategies for growth equity, project finance, and structured debt opportunities across Africa, leading the entire transaction process from deal sourcing to due diligence to deal negotiation and execution. The fund is predominantly a direct investor, backing businesses and projects in multiple sectors and industries.
It’s expected that the successful candidate will have extensive experience in as well as knowledge of Africa’s trade and investment sphere. Afreximbank set up established FEDA in 2018 to meet the equity financing needs of organizations and projects operating in key industries and sectors which are critical to the success of Afreximbank’s development priorities. By helping to facilitate foreign direct investment flows into Africa’s trade and export sectors, the fund is an important vehicle in filling the continent’s equity funding gap that is estimated to be as much as $110 billion per annum.
Robert Baldwin, a Partner at executive search consultancy The Willis Partnership is managing the candidate search for FEDA. The deadline for applications has been set for early December.