AfDB appoints Chinelo Anohu, ex-PENCOM DG, to head Africa Investment Forum
Akinwumi
Adesina, president of the African Development Bank Group, has announced
the appointment of Chinelo Anohu as head and senior director of
the Africa Investment Forum (AIF).
Anohu, a highly accomplished
international corporate lawyer, was the former director-general of the
National Pension Commission (PENCOM) and a member of the London Stock
Exchange Africa advisory board.
Her appointment took effect from September 1, 2019.
According
to AfDB, Anohu has a formidable track record in formulating investment
strategies, and brings extensive knowledge of institutional investment
practice and experience in attracting new capital, expertise in the
development of innovative asset classes, spanning pension funds,
sovereign wealth funds, private equity and private family wealth funds.
The
Bank is set to hold the 2019 edition of the Africa Investment Forum on
11-13 November 2019 in Johannesburg, South Africa, after a successful
inaugural edition in 2018 attracted $39 billion in investment interests
for bankable deals in Africa.
The Africa Investment Forum has
become Africa’s premier multi-stakeholder transactional platform for
leveraging investments from the private sector, African and global
financial institutions, global pension funds and sovereign wealth funds
and other institutional investors.
It also provides an
unparalleled platform for engagements with African Heads of State and
Governments to discuss, in the Forum’s unique “Investment Board Rooms”,
policy, business and investment incentives to close transactions in
real-time.
ADESINA: I’m delighted she’s joining us
Adesina at Africa Investment Forum (AIF) 2018
“I am delighted that Chinelo Anohu is joining us as the Head and Senior Director of the Africa Investment Forum,” Adesina said.
“Her
can-do-attitude, leadership, hands-on experience in working with global
pension funds and institutional investors, and extensive global
networks among institutional investors, will significantly position and
help the Africa Investment Forum to drive its global agenda to attract
more investments to Africa.”
Chinelo began her professional career as an Attorney with the global oil conglomerate, Chevron, Nigeria.
She
worked in legal and financial services firms in Nigeria and the United
Kingdom before joining the Nigerian Bureau of Public Enterprises, the
implementation agency for the reform and privatization of state-owned
enterprises.
As a consultant assigned by the United States Agency
for International Development (USAID), Chinelo helped to restructure
and privatize the Nigerian Telecommunications Limited, Nicon Hilton
Hotel, and AfriBank, among several others.
An adept and sound
negotiator, she successfully worked with acquiring entities, liaising
and managing complex relationships, including with the Nigerian National
Assembly and labor organizations.
Under her leadership as
Director-General of the Nigerian Pension Commission, the number of
contributors rose from five million to close to eight million, while
assets under management grew from $19.3 billion to a record $42 billion.
She
also introduced innovative micro pension structures that created
opportunities for informal sector workers to be included in the
contributory pension scheme.
Chinelo created the first-ever World
Pension Summit Africa, which was held in Africa three years in a row,
and convened global financial experts across the pension industry.
She
graduated in 1996 with a Bachelor of Law from the University of
Nigeria, Nsukka, and a Master’s degree in Computer and Communications
Law from the London School of Economics in 2000.
She has studied at the Kennedy School of Government, Harvard University, USA and the Insead Business School, France.
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