Fund Manager and team

Ninety One is one of the largest third party investors in private equity, credit, public equity and sovereign debt across the African continent. The Emerging Africa Infrastructure Fund (EAIF) is managed by and fully integrated into Ninety One’s African investment platform. Ninety One manages the entire process on behalf of the EAIF. It markets the Fund, seeks projects, evaluates loan
applications, including due diligence, manages transaction administration and monitors the loan portfolio.

Since May 2016, when it was awarded the management mandate, Ninety One and its EAIF team have closed over 20 infrastructure transactions with a capital value of USD 650m. The team also led EAIF’s last round of fundraising, raising US$385 million, including US$100 million from Allianz Global Investors and US$50 million from Standard Chartered, a long-standing lender to EAIF.

Ninety One is  an independent, active global asset manager listed on the London and Johannesburg stock exchanges. Established in South Africa in 1991, as Investec Asset Management, the firm was a pioneer in emerging markets in Africa. In 2020, almost three decades of organic growth later, the firm de-merged from Investec Group and became Ninety One. Today, Ninety One offers distinctive, active strategies across equities, fixed income, multi-asset and alternative investments to institutions, advisors and individual investors around the world.

Find out more about Ninety One at its website.

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The team

Nazmeera Moola

Co-Head Of Africa Fixed Income

Nazmeera is Deputy Managing Director for South Africa at Ninety One. Nazmeera joined the firm in 2013 from Macquarie First South. She began her career as an economist at Merrill Lynch in South Africa and London. Nazmeera is also a non-executive director of Mercedes-Benz South Africa and was a non-executive director of Transnet SOC from 2010 to 2015.

Alastair Herbertson


Alastair has 12 years of experience in infrastructure businesses with 10 years in structuring, arranging and investing in project finance and infrastructure assets. Prior to working with EAIF, Alastair worked on the Investec Credit Opportunities strategy within the South African Credit team from 2014. Previously Alastair spent six years working at Investec Bank in Johannesburg and three years with Amey Ventures as a commercial manager and bid manager. Alastair graduated from the University of Cape Town with a Bachelor of Science degree in Mechanical Engineering and completed an MBA at Imperial College in London in 2004.

Roland Janssens


Roland has over 30 years of banking experience, gained in project and structured finance as well as M&A, corporate finance, private equity and venture capital transactions in both emerging and OECD countries. Prior to when he started to represent EAIF in August 2007, Roland worked at Ermgassen & Co (Monitor Group), EBRD, Citigroup and Merrill Lynch. Earlier in his career he worked in industry for Joseph E. Seagram & Sons.

Martijn Proos


Martijn has over 15 years of infrastructure finance experience gained in various advisory, project, corporate and structured finance roles in both emerging and developed markets. He has been working with EAIF since 2008. Prior to Ninety One, he worked at FMO’s Africa Infrastructure department, T-Mobile and Tebodin Consultants & Engineers. Martijn holds an MSc in Business Administration from Nyenrode Business University, The Netherlands.

Olivia Carballo


Olivia has over 12 years of infrastructure finance experience gained in project, corporate and structured finance roles in both developed and emerging markets. She has worked with the Emerging Africa Infrastructure Fund since 2008 providing debt and mezzanine financing. Prior to this she worked at the Royal Bank of Scotland in the Project and Export Finance business and at Santander Bank in the credit department. Olivia has a Bachelor of Arts from the University of Pennsylvania and an MSc from the London School of Economic and Political Science.

Paromita Chatterjee

Investment Director

Paromita has 8 years of infrastructure finance experience gained in project, corporate and structured finance as well as M&A in primarily developing and emerging economies. She has worked with the Emerging Africa Infrastructure Fund since late 2009. Prior to this, Paromita worked for DVB Bank in their Global Advisory & M&A business in London, for Ernst & Young (India) in Transaction Advisory Services as well as in the Structured Finance department of SBI Capital Markets, India. She is an Electrical Engineer and holds an MBA with majors in finance and operations.

Sumit Kanodia

Investment Director

Sumit has worked with EAIF since April 2011 and transitioned with the team to Ninety One when the contract transferred in May 2016. Prior to that, Sumit has gained considerable experience in transaction modelling and conducting financial due diligence across a variety of sectors working at Pitcher Partners Consulting in Australia. Sumit is a CFA ® charterholder and holds a BCom/BEc from the University of Monash in Australia, with majors in finance, econometrics and accounting.

Sinenhlanhla Zulu

Investment Specialist

Sine is an Investment Specialist at Ninety One, focusing on the Emerging Africa Infrastructure Fund. Prior to joining the firm, she spent a total of 9 years at Absa Bank (formerly Barclays Africa Group Limited) in Johannesburg, gaining considerable Sub-Saharan Africa transaction experience in various roles including mining and metals investment banking, export credit and project finance in infrastructure and natural resources. During her tenure at Barclays, she spent a year in the US,working in the leveraged finance natural resources team. Sine holds an MBA from the University of Cambridge (UK), a Bachelor of Science (Mining Engineering) degree from the University of the Witwatersrand (Johannesburg) and has passed level I of the CFA programme.

Thanzi Ramukosi

Credit Analyst

Thanzi is a credit analyst in Ninety One’s SA & Africa Credit team. His focus is on project finance and infrastructure debt, with key responsibilities including building and maintaining financial models, credit applications and reviews, assisting in structuring and reviewing documents and preparation of presentations on research.

Prior to joining the firm, he was credit analyst at Nedbank Limited’s Corporate and Investment Banking Division.

Thanzi holds a Bachelor of Science degree in Chemical Engineering (with Honours) from the University of Cape Town.

Ed Brand

Head of Transaction Management

Ed is Head of Transaction Management within Ninety One’s operations team. He manages the team responsible for monitoring, administration and reporting on the private market portfolios, covering infrastructure, private equity, credit and real estate.

Prior to joining the firm, he held various managerial roles during his 11 year tenure at Man Group, the most recent as chief operating officer for product development, legal and regulatory. Before that, he was an associate corporate lawyer at Bowman Gilfillan.

Ed holds a Master of Business Administration degree from University of Cambridge as well as a Bachelor of Laws, Bachelor of Arts (Honours) degree in Organisational Psychology and Bachelor of Arts degree in Law & Psychology from the University of the Witwatersrand.

Anthony Bosco

Transaction Manager

Anthony is a transaction manager within Ninety One’s Transaction Management team, which is part of the broader Operations team. He has worked on the Emerging Africa Infrastructure Fund (EAIF) since March 2008 and transitioned with the team to Ninety One when the contract transferred in May 2016. He is responsible for monitoring, administration, KYC and reporting on the private market portfolios, covering infrastructure, private equity and credit.

Prior to joining the firm, Anthony was the senior operations, finance and portfolio manager for EAIF and GuarantCo with Frontier Markets Fund Managers and in early 2007 he had worked in Energy Operations with Standard Bank Plc.

Anthony holds a postgraduate degree in Credit Analysis from Middlesex University London and Bachelor of Science in Information Systems from the University of Westminster.

Tania de Beer

Transaction Manager

Tania is a transaction manager within Ninety One’s Transaction Management team, which is part of the broader Operations team. She is responsible for the management of the Emerging Africa Infrastructure Fund, looking after all relevant obligations and reporting requirements.

Prior to joining the firm, Tania was an operational risk manager at Investec Specialist Bank, responsible for operational risk and part of the leadership team. Prior to that she was a private banker and team leader, servicing clients’ banking and finance needs, whilst heading up teams of bankers. Tania was at Investec Specialist Bank for 22 years.

Thea Hartman

Legal Advisor

Thea is a legal advisor at Ninety One. In addition to her general corporate duties, Thea is responsible for legal work on Investec Africa Private Equity and SA and African Credit Strategies. As such she is a member of the Ninety One Credit team.

Thea joined the firm in 2007.

She holds a Bachelor of Commerce (Law) degree, a LLB degree and a Master’s degree in Business Administration (MBA).

Bilal Osman Latib

Legal Counsel

Bilal is a legal counsel in Ninety One’s Legal team. He provides legal assistance for privately negotiated infrastructure transactions undertaken by Ninety One on behalf of the Emerging Africa Infrastructure Fund.

Prior to joining the firm he practiced as an associate in the Banking, Projects & Regulatory Practice at Webber Wentzel (in alliance with Linklaters LLP) where he worked on privately negotiated projects in Sub Saharan Africa and projects under the South Africa Government Renewable Energy IPP Procurement Programme.

Bilal holds a Bachelor of Law (summa cum laude) degree.

Christoph Scaife

ESG Specialist

Christoph joined Ninety One in 2015 as a sustainable investing expert in alternative asset classes. Previously he worked at Phatisa Fund Managers as the ESG Manager where he managed the sustainable investment aspects for Phatisa’s African Agriculture and Pan-African Housing Funds. Christoph has worked in various operational disciplines including infrastructure, renewables, agriculture, agro-processing, manufacturing and mining across 18 African countries. Christoph studied at the University of Johannesburg and holds a commerce degree majoring in Investment Management, Development Economics and Econometrics.

Wendy Mlotshwa

ESG Analyst

Wendy is an ESG Analyst within the ESG team at Ninety One. She is primarily responsible for providing ESG support to the Emerging Africa Infrastructure Fund (EAIF).

Prior to joining the firm, Wendy worked as a professionally registered Senior Environmental Assessment Practitioner, working on small-scale to transboundary infrastructure projects in Africa. Her role involved undertaking environmental and social impact assessments, water-use license applications, sustainability reporting, environmental auditing/ monitoring and project procurement & management.

Wendy holds an MSc degree in Ecological Science (Water Quality) and a BSc Honours in Environmental Science from the University of KwaZulu Natal.

Noluthando Yeni

Investment Specialist

Noluthando Yeni joined the EAIF team at Ninety One in March 2020. She previously worked in Johannesburg with ABSA in its Resources and Project Finance team. Her work there involved infrastructure transactions across the continent, including some EAIF projects. She has strong professional and personal interest in development finance and is in the process of completing a Masters degree in Development Finance at the University of Cape Town.