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Our board and executive

The board of the Emerging Africa Infrastructure Fund is responsible for ensuring that the Fund operates in accordance with its constitution and that its policies and behaviours meet the high standards expected of a leading international financial services business with an economic development remit.

The Board makes all final decisions about new loans and the performance of its portfolio of investments. It gives direction to and monitors the performance of the fund manager, Investec Asset Management (IAM).

Each board member brings specialist experience and expertise. Each also has a personal commitment to greater African prosperity and to the continent’s ability to eradicate poverty.

The Executive Director works with the board, IAM, PIDG and other key organisations to steer the strategic direction set by the board and maximise the potential of the Fund.

The Board

David White

Chairman and Chair of the Assets and Liability Committee and the Appointments Committee

David White has been involved in Africa’s economic development for four decades. In addition to his leadership of the Emerging Africa Infrastructure Fund, he is chairman of Goldtree Holdings Ltd, a Sierra Leone-based palm oil business.

He is a director of Feronia Inc, an agriculture company based in the Democratic Republic of Congo and is a member of the investment committee of Africa Agriculture Fund, a development equity business focused on investments in the food chain in Africa.

David had a long career at senior levels in investment banking, mainly at J P Morgan and Citigroup. He read economics at university and subsequently took an MBA.

Oscar Kang’oro

Non-Executive Director

Oscar has over 19 years banking experience in Africa and has worked in London, Johannesburg, Gaborone, and Nairobi for Barclays and Standard Bank. Oscar’s banking career has seen him involved in projects across 18 sub-Saharan Africa markets. During his banking career he was the Head of Credit for Corporate and Investment Banking in Africa for Standard Bank, Head of Corporate Credit Africa for Barclays and the Head of Client Coverage for East Africa for Standard Bank among other roles.

From 2005 to 2013 Oscar represented Barclays and subsequently Standard Bank on the Credit Committee of the Emerging Africa Infrastructure Fund, a fund focussed on developing infrastructure across Africa. He brings to the EAIF board deep Africa experience and understanding of country risk, cross border structuring and risk mitigation.

Julia Prescot

Non-Executive Director and member of the Credit Committee

Julia is the chief strategy officer of Meridiam, a $3.5 billion business investing in infrastructure worldwide. Julia has over 25-year’s experience in project finance and investment banking.

She has advised private sector and public bodies in established and emerging markets, including road and rail projects, power stations and structured trade finance transactions. Her involvement with African markets includes work in Cameroon, Kenya, Tanzania, South Africa, Uganda and Zimbabwe.

Mary Ncube

Non-Executive Director and Chair of Audit Committee

An accountant and auditor by training, Mary was an audit partner of KPMG Zambia until 1997. Since then she has built her own businesses while holding a broad range of public and private sector appointments.

Her board level experience covers public finances and the energy, insurance, banking and education sectors in Zambia. She chairs the Zambia Development Agency and is a director on the Board of Atlas Mara’s  Banc ABC in Zambia. She was Chair of Stanbic Bank Zambia ad of the Independent Advisory Oversight Committee of the World Intellectual Property Organisation. She was a member on the Independent External Oversight Committee of the World Health Organisation until 2016.

Cyril Wong

Non-Executive Director and Chair of Risk Committee

Cyril is a Chartered Accountant with a first class honours degree in physics from the University of Manchester. He worked first in London with KPMG before returning to his native Mauritius where he developed a career with large global corporations and in banking.

He held senior management roles in Barclays Bank Mauritius as Finance Director, Chief Compliance and Risk Officer and finally as Executive Vice Chairman. He is currently a non-executive director of the bank and chairman of its audit committee. Cyril is also a non-executive director in a number of other companies.

Saud Siddique

Non-Executive Director and Chair of Credit, New Business, and Integrity Due Diligence Committee

Saud’s career has seen him lead large private sector infrastructure businesses, hold senior international public servant positions with the World Bank and International Finance Corporation and work in finance in the private sector.

He has deep experience of big projects and finance and of the economic, political and commercial complexities prevalent in emerging markets.

Patrick Crawford

Non-Executive Director

Patrick Crawford is the Chief Executive and a Board Executive Director of The Charity Bank Limited, a social purpose bank which lends to charities and social enterprises in the UK. He began his career in finance in the City of London over 40 years ago and has a wealth of experience in project, export and trade finance.

When the Emerging Africa Infrastructure Fund was established in 2002, Patrick lead the fund management team for two years. For the following eight years he was chief executive of the UK’s Export Credit Agency. His career has brought him extensive involvement with credit risk and liability management and the key aspects of international project financing.

Patrice Maveyraud

Non-Executive Director

Patrice Maveyraud joined EAIF’s board in September 2017. He is an international banker who has held senior positions with leading banks in Africa, the Middle East, Asia, North and Central America. Born and educated in France, he now lives permanently in Africa.

Patrice brings to EAIF broad and deep corporate finance experience, most notably in infrastructure project finance, syndicated lending, funds management, loans restructuring, operational risk, financial services supervision and treasury. In addition to his hands-on career in business and finance he held academic post at two leading schools.

His teaching and research work included a number of years as Professor of Finance at the European Business School and a lectureship at Université Paris-Dauphine He is a Non-Executive Director of EAIF’s sister company, GuarantCo and was a member of the Mauritius Financial Reporting Panel.

Kamal Taposeea

Non-Executive Director

Kamal Taposeea has over 30 years professional experience in a broad range of sectors, including  law, financial services, financial regulation, airlines, tourism, energy and steel. He is also  a Non-Executive Director of GuarantCo, another member company of the Private Infrastructure Development Group. Before entering banking in 1985 with J P Morgan, he trained as a barrister at the Inner Temple, London. He is a member of the Mauritius Bar.

Kamal’s previous appointments saw him serve as a member of the Monetary Policy Committee of the Bank of Mauritius; non-­‐executive Chairman of Air Mauritius; General Manager (Investment Banking Group) of Al Rajhi Bank in Saudi Arabia; Regional Managing Director at Standard Bank Mauritius; Managing Director at Barclays Bank PLC Mauritius and Commercial Director of Cedel Bank.

Executive director

Emilio Cattaneo

Executive Director

Emilio Cattaneo was the first person to be appointed to a permanent senior management role at EAIF.

Emilio leads the Fund’s growth drive to build on its success in its traditional markets and broaden its portfolio across the infrastructure spectrum and across the region. He is the principal spokesperson for EAIF and an ambassador for the Fund. A significant amount of his focus is on strategic and new business development activities and strengthening the Fund’s position as a successful model of public/private partnership in the economic development of sub-Saharan Africa.

Emilio’s core primary responsibilities at EAIF include implementing the growth strategy, securing deeper penetration of the sectors EAIF lends to, providing strategic advice to the board and strengthening and widening relations with donor governments, banks, advisers and key audiences in Africa and Europe. Other duties include the supervision of EAIF’s sub-contracted fund manager and other third party suppliers, plus matters of compliance, governance and business efficiency.  Emilio is the main interface between EAIF and the PIDG.

Emilio has over 30 years of corporate finance, asset management and advisory experience across several markets, including Africa, Latin America, India and Southern Europe. He spent close to 20 years with HSBC in the UK and abroad.  Subsequently he worked in a number of smaller firms, including an advisory M&A boutique that he founded and ran for 7 years and in a commodity brokerage firm focused on emerging markets, including Africa.

He joined EAIF in summer 2015. Previously, he was Director, Asset Management, at Climate Change Capital, a London-based fund manager, where he was closely involved in the development of an African private equity agri-business and renewable energy fund.

A graduate of the University of Oxford, he read biochemistry (with economics) at Hertford College.  In addition to English and Italian, Mr Cattaneo speaks Portuguese, French and Spanish