The African Private Equity and Venture Capital Association (AVCA) has appointed Abi Mustapha-Maduakor as its new chief executive.
She will be taking over on 1 February from Dara Owoyemi, who has led the organisation as an interim CEO since July last year.
Mustapha-Maduakor joins AVCA from MedAccess, a subsidiary of CDC Group, where she was head of business operations and finance, overseeing financial and risk management, strategy implementation, and organisational development.
The executive brings several years of finance and banking experience to the role.
Previously, she was a special adviser on private sector development to the Minister of Industry, Trade, and Investment in Nigeria. She also held leadership positions at Royal Bank of Scotland, Lloyds Banking Group, and EY.
“Her knowledge of the African investment landscape, advocacy, business strategy and risk management will be instrumental in her role leading the Association through its next phase and transformation, as investors and portfolio companies navigate various social, economic, political and institutional challenges,” said Tokunboh Ishmael, chair of the board.
Created in 2000 to promote and enable private investments in the continent, AVCA supports over 150 members collectively managing $1.5tn in assets.
Its global member base spans private equity and venture capital firms, institutional investors, foundations and endowments, pension funds, international development finance institutions, professional service firms, academia, and other associations.
