AFC hires Blackstone’s Sameh Shenouda as CIO

Africa Finance Corporation has appointed Sameh Shenouda as its new Executive Director and Chief Investment Officer.

Shenouda brings over 27 years of experience in investments and fundraising in international capital markets, with a focus on infrastructure development, setting up new platforms and supporting management teams. He has worked across AFC’s priority sectors including power, transport & logistics, heavy industries and natural resources.

Shenouda was most recently the CEO of Zarou, a developer, owner and operator of infrastructure projects in Africa, the Middle East, and South Asia that is 100% owned by The Blackstone Group. He was previously the Head of Infrastructure at CDC Group, the UK development finance institution. Shenouda built CDC’s direct infrastructure equity business, which, under his leadership, invested in excess of $1 billion in Africa and South Asia.  

Following Shenouda’s appointment, Oliver Andrews now retires from AFC after 13 years at the group, and nearly 40 years in project development, infrastructure development, investing, public-private partnerships and strategic advisory.