The Board of Directors of United Capital Plc has announced the appointment of four distinguished infrastructure investment specialists as independent members of the Investment Committee of the United Capital Infrastructure Fund (UCIF). The appointments, confirmed by the Securities and Exchange Commission (SEC), aim to strengthen governance and strategic oversight for the N150 billion fund.
UCIF, a closed-ended fund licensed by the SEC, focuses on financing key infrastructure projects across Sub-Saharan Africa. The fund supports sectors such as agribusiness, industrial recycling, renewable energy, gas infrastructure, healthcare, and manufacturing. Its mission is to deliver competitive returns for investors while backing sustainable projects that drive economic growth in the region.
The new committee members bring decades of multi-sector experience and international exposure. De Buys Scott, former Senior Partner for Infrastructure at KPMG South Africa and Managing Partner at Cornerstone Infrastructure Advisors, has been appointed Chairman. Other members include Olubunmi Akinremi, CEO of Tocam Capital; Bola Bamidele, former IFC Sub-Saharan Africa Regional Lead for Transaction Advisory & Equity Mobilisation; and Obinna Ufudo, Chairman of Loanbook Limited and Atiat Limited. They join existing members Odiri Oginni, UcheNna Mkparu, and Adeyinka Jafojo.
Commenting on the appointments, Group CEO Peter Ashade said, “These appointments were made to further deepen the Fund’s governance and ensure that UCIF continues to drive sustainable impact through its investments. I welcome the newly appointed members of the Investment Committee and charge them to ensure sustainable growth and impact while delivering consistent value to our investors.”
UCIF’s Chief Investment Officer and Fund Manager, UcheNna Mkparu, added, “We are delighted to welcome the new members to the Investment Committee and will rely on their proven track record, cross-border experience, and professional expertise to steer UCIF’s strategic direction as we scale investments that deliver competitive returns across Nigeria and Africa.”
source: punch