Former Union Bank CEO Emeka Emuwa joins AFC as board chairman

Africa Finance Corporation (AFC) has appointed former chief executive of Union Bank of Nigeria Emeka Emuwa as chairman of its board.

According to a statement by the firm on Wednesday, Mr Emuwa’s extensive experience and unwavering dedication to the advancement of Africa make him a valuable asset to AFC at a time when the corporation is rapidly expanding its operations across the continent and building partnerships through international collaborations.

The AFC said the Nigerian brings a wealth of 30 years of experience, leading and transforming banking institutions across Africa.

Emuwa also had a stint with Citibank, where he worked for 25 years and rose to the position of country officer and managing director.

“Emuwa played a pivotal role in turning around Union Bank of Nigeria, transforming it from a struggling institution to a strong and viable provider of financial services,” the AFC said.

The institution disclosed that Emuwa has been a part of its board since 2015, and previously served as the chairman of the board risk and investment committee, and on the board of nominations and governance committee, which is responsible for ensuring that AFC’s governance practices are consistent with best practices.

In addition, Emuwa also chairs Tangerine Financial (UK), a financial services group providing insurance and pension solutions across the continent.

Speaking on the appointment, president and CEO of AFC Samaila Zubairu said Emuwa’s considerable experience, insightful perspectives, and immense dedication to Africa’s development seamlessly align with its mission.

On his part, Emuwa highlighted the AFC’s role as a key driver of economic growth and infrastructure development in Africa.

“I look forward to continuing to work closely with the board, management, and all stakeholders to advance AFC’s mission and strengthen its role as a driving force for economic growth and infrastructure development on the African continent,” he said.