Africa Finance Corporation (AFC) has named Emeka Emuwa, former CEO of Union Bank of Nigeria, as the chairman of its board.
In a statement on Wednesday, AFC highlighted Emuwa’s extensive experience and commitment to Africa’s progress as valuable assets. This appointment comes as AFC expands its operations and seeks international collaborations.
With over 30 years of experience in transforming banking institutions across Africa, Emuwa has played a significant role in revitalizing Union Bank of Nigeria. His previous tenure at Citibank, spanning 25 years, saw him rise to the position of country officer and managing director.
Emuwa has been a member of AFC’s board since 2015, previously chairing important committees responsible for governance and risk management. Additionally, he serves as the chairman of Tangerine Financial (UK), which provides insurance and pension solutions across Africa.
AFC’s President and CEO, Samaila Zubairu, expressed confidence in Emuwa’s expertise and dedication to Africa’s development, aligning with AFC’s mission.
Emuwa himself emphasized AFC’s crucial role in driving economic growth and infrastructure development in Africa. He pledged to work closely with the board, management, and stakeholders to further AFC’s mission and enhance its impact on the continent’s development landscape.