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    Board Of Directors

    Board Of Directors

    The Board of Directors (BOD) is at the core of African Guarantee Fund’s system of corporate governance and is ultimately accountable and responsible for the performance and affairs of the Company.

    Felix BIKPO

    Chairman of the Board - Independent Director

    Felix has more than 25 years of experience in the financial sector with extensive experience...

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    Chairman of the Board - Independent Director

    Felix BIKPO

    Felix has more than 25 years of experience in the financial sector with extensive experience in Sub-Saharan Africa. He has led several financial institutions across the continent including banks, guarantee funds and the private equity sector. He is passionate about spurring a thriving SME sector as a means of creating economic and social sustainability in Africa. Prior to his appointment as Chairman of the Board, Felix was the Group CEO at African Guarantee Fund. Felix has previously served as the Founding CEO and Chairman of Success Finance, an Asset Management and Private Equity Fund. He has worked in the capacity of Chief Executive Officer at Access Pan-Africa, a holding company of Access Bank Plc. Nigeria where he was in charge of affiliates outside of Nigeria and at Atlantic Financial Group, a regional banking group operating under Banque Atlantique with a presence in 8 African Countries. As a Managing Director, Mr. Bikpo has worked with Ecobank Niger, and with Fonds de Garantie des Investissements Prives en Afrique de l’Ouest (Now AGF West Africa) where he was the first Managing Director. He has also served as Vice President of Citibank NA, where he was in charge of Financial Control in French speaking countries. Mr. Bikpo is a graduate of ESSEC - Paris and holds a Master's Degree in Economics from the University of Côte d'Ivoire.

    Njeri NGARUIYA

    Director, Representing IFU

    Njeri has over 18 years of experience in impact investing in emerging and frontier markets...

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    Director, Representing IFU

    Njeri NGARUIYA

    Njeri has over 18 years of experience in impact investing in emerging and frontier markets with a focus on financial institutions. She is representing IFU. IFU is a Danish impact investor contributing to green, just and inclusive societies as well as supporting the Sustainable Development Goals. Njeri is currently an investment director at IFU. Prior to joining IFU, she was the Regional Director Africa of Incofin Investment Management. Njeri holds an MSC in Finance from Bayes Business school (formerly Cass Business School), City University London and a BSc (Hons) Management from the University of Surrey, UK.

    Richard MARNEY

    Director, Representing KFW

    Richard has a broad and varied forty-five-year career in emerging markets banking, principal investing, economics...

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    Director, Representing KFW

    Richard MARNEY

    Richard has a broad and varied forty-five-year career in emerging markets banking, principal investing, economics and asset management. He has held senior-level business development, risk-management, fundraising and operating roles in: Commercial and investment banking, Micro-finance, Impact investment asset management and Private equity working in globally recognized financial services organizations.

    Anu HASSINEN

    Director, Representing NDF

    Anu is a Programme Manager at the Portfolio Origination and Management department of NDF. As...

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    Director, Representing NDF

    Anu HASSINEN

    Anu is a Programme Manager at the Portfolio Origination and Management department of NDF. As an economist with an MBA in finance, she started her career as finance and risk manager with experience from the Finnish Export Credit and AIG. Her career has evolved to climate and development finance with experiences from UNDP and the Ministry for Foreign Affairs (MFA) of Finland where she worked initially as senior energy adviser. She also worked five+ years in Africa, first as counsellor for private sector development at the Embassy of Finland to Zambia and then as an adviser at the executive board of the AfDB in Abidjan. Before joining NDF, she most recently worked for the MFA as Deputy Director and Team Leader for Multilateral Development Banks in the Unit for Development Finance and Private Sector Cooperation.

    Olawale SHONIBARE

    Director, Representing AfDB

    Olawale has over 30 years' experience spanning Asia, Europe, Middle East and Africa. He is...

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    Director, Representing AfDB

    Olawale SHONIBARE

    Olawale has over 30 years' experience spanning Asia, Europe, Middle East and Africa. He is currently the Acting Vice President, Power, Energy, Climate & Green Growth Complex at the African Development Bank. Prior to the Acting VP role, he was the inaugural Director, Energy Financial Solutions, Policy & Regulations at Afdb. He holds an MBA from Imperial College, University of London and a B.Eng (Hons) Civil Engineering from Glasgow University.

    Antoine BURGARD

    Director, Representing AFD and Proparco

    Antoine is a Senior Investment Officer at Proparco for East Africa. He has 20 years’...

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    Director, Representing AFD and Proparco

    Antoine BURGARD

    Antoine is a Senior Investment Officer at Proparco for East Africa. He has 20 years’ experience in the banking sector in various positions (strategy, financial analysis, and financial management) and works on development projects with financial institutions in Africa. He holds a Master‘s Degree in Finance (DESS Finance) from the University of Paris - Panthéon Assas and a Degree in Business Administration (MSG) from University of Paris – Dauphine.

    Guy SAUVANET

    Independent Director

    Riad AUBDOOL

    Resident Director

    Riad is a Fellow of the Association of Chartered Certified Accountants (FCCA) and a Member...

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    Resident Director

    Riad AUBDOOL

    Riad is a Fellow of the Association of Chartered Certified Accountants (FCCA) and a Member of the Chartered Institute of Securities and Investment (Chartered MCSI). He is registered with the Mauritius Institute of Professional Accountants, both as a professional and public accountant. Riad is a member of the Mauritius Institute of Directors. Riad has 25 years of professional experience in financial services, which includes fund administration, secretarial, accounting, tax compliance, AML, auditing and consulting. He gathered his experience with 9 years at PwC Mauritius, and 13 years with management companies. He has administered funds/special licensed companies with AuA of approximately USD 26 Billion, which included major international financial institutions as clients. He holds directorship in investment managers/advisors and collective investment schemes (open ended and closed ended funds). He has previously been director on listed companies, both in Mauritius and overseas.,  He was also the Executive Director of a fund administrator before he set up his own company in 2020. He is currently the Managing Director of Zain Consultancy Ltd, a company providing management consultancy and financial advisory services.

    Hanjali PERMALLOO-LE ROUX

    Resident Director

    Hanjali is the Chief Technology & OpEx Executive of the Rogers Group. She holds an...

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    Resident Director

    Hanjali PERMALLOO-LE ROUX

    Hanjali is the Chief Technology & OpEx Executive of the Rogers Group. She holds an MBA from La Sorbonne Business School, Paris and a M.Sc. Information Management from the University of Lancaster, UK. Hanjali is a management professional with 20 years progressive experience in strategic planning and development, operational and digital transformation, and project management for a variety of industries. She gained international exposure through her consulting assignments in Paris, Spain and the USA while working for Accenture Paris. She has managed large-scale systems integration projects requiring intensive functional and industry knowledge and expertise, as well as, change management programmes to ensure the smooth transition to new seamless systems and processes. Prior to joining Rogers Capital in June 2019, Hanjali was General Manager of AXA Customer Services Ltd, the outsourcing arm of AXA Partners, an organisation of 250 employees offering various insurance and banking services to AXA clients aboard.

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