EGYPT – African Export-Import Bank (Afreximbank) has announced the appointment of Ms. Marlene Ngoyi as the Chief Executive Officer of the Fund for Export-Development in Africa (FEDA) and Mr. Emmanuel Assiak as Chief Investment Officer.
Ms. Ngoyi, who hails from the Democratic Republic of Congo (DRC), has over 17 years of experience.
In her new role, Ms. Ngoyi will continue to steer the Pan-African multilateral financial institution to finance and promote intra-and extra-African trade.
She has worked with social enterprises, private companies, public-private partnerships, and governments across Africa to raise multi-billion-dollar debt, bonds, equity, quasi-equity, and foreign direct investment via bank syndication, capital markets, or private equity transactions to finance strategic investments.
Under her leadership, the bank also became one of a select few banks in sub-Saharan Africa to complete and obtain an anti-money laundering 30000 certification for combating money laundering and terrorist financing.
Ms. Ngoyi graduated magna cum laude from Bentley University with a B.Sc. in Economics and Finance and holds a Master in Business Administration from Harvard Business School.
For his part, Mr. Emmanuel Assiak, who has been appointed FEDA’s Chief Investment Officer, joined FEDA in 2019 as a director.
As a pioneer staff, he played a key role in setting up and operationalizing the organization. This includes putting in place the required service infrastructure (people, processes, and systems) and leading the execution of FEDA’s first four equity deals and commitments in other strategic investments and partnerships amounting to about US$300 million.
In his over 15 years of private equity experience, Mr. Assiak has played active roles in raising and deploying over US$1.5 billion in funds and equity transactions.
Mr. Assiak holds a First-Class Bachelor’s degree and a master’s in Economics from the University of Cross River State and the University of Lagos, Nigeria, respectively.