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MarketForce Appoints FMCG Distribution Veteran Arthur Bourekas as Chief Commercial Officer

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MarketForce, the Kenya and Nigeria-based B2B platform for retail distribution of consumer goods and digital financial services in Africa, is pleased to announce the appointment of Arthur Bourekas as the Chief Commercial Officer, effective 1st October 2021.

Mr. Arthur has over 25 years of experience executing commercial growth, logistics and distribution in some of the most challenging countries in the world. He worked for A.G. Leventis (Nigeria) PLC and PZ cussons in Nigeria, Indonesia, Malaysia and Australia. He is a veteran FMCG distribution expert in Africa, where he has spent over 17 years supporting conglomerates listed on the NSE to conquer African markets, including running an affiliate company supporting Coca-Cola Hellenic in Nigeria (one of the largest Coca-Cola bottling companies in the world).

Most recently, Arthur was involved –  at a very senior level – with Alerzo, a Nigerian B2B retail-tech startup that also helps retailers stock inventory directly from manufacturers.

“FMCG distribution in Africa is yet to be done effectively. Even multinationals with years of experience often can optimize their distribution and add real sales growth to their business. Innovation and focus is key! I am confident that with the platform MarketForce has built so far, along with the expertise being built within the organisation, we are destined to revolutionise the sector and become a formidable force.” – Arthur Bourekas, New Chief Commercial Officer of MarketForce.

Running sales operations, logistics and distribution in the most populous countries in both South East Asia and Africa brings to MarketForce a multitude of partnerships, commercial, logistics and distribution skill sets. These countries have thousands of islands, regional geo-political complexities and a combined 500M people – the kind of experience that matches MarketForce’s ambitions to be the largest B2B retail distribution company in sub-saharan Africa.

“Arthur aligns to our ambitious growth plans and brings significant expertise into this new, critical role for MarketForce as we empower informal merchants to maximise their profits and grow in a digital age. His extensive emerging market experience, ability to drive commercial growth, and depth of technical distribution knowledge in Nigeria will be valuable in our efforts to deepen our East Africa market reach while expanding into the West African market.” – Tesh Mbaabu, Co-Founder and CEO of MarketForce.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Appointments

Airtel Africa Appoints Tsega Gebreyes as an Independent Non-executive Director

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Airtel Africa Plc - Investors King

Airtel Africa Plc on Tuesday announced the appointment of Ms. Tsega Gebreyes as an independent non-executive director with immediate effect.

The company disclosed in a statement signed by Simon O’Hara, Group Company Secretary, Airtel Africa.

Profile of Tsega Gebreyes

Ms. Gebreyes is the founding partner of Satya Capital Limited, a private investment firm specialising in Africa related investments. She served as Chief Business Development and Strategy Officer of Celtel International BV and Senior Advisor to Zain.

Her previous experience includes her role as a founding partner of the New Africa Opportunity Fund, LLP, a US $120 million private equity Fund anchored by Citibank. She has served in various positions at Citibank and McKinsey.

Ms. Gebreyes currently serves as a Non-Executive Director of the London Stock Exchange Group, as Vice Chair of SES, a publicly listed company in Luxembourg, as Director of Satya Capital Limited and as Senior Adviser to TPG. In addition, she has served on the boards of several privately held companies operating in Africa, as senior adviser to MTC and as a non-executive director for Sonae International.

She has served in various capacities during her board memberships including roles on Audit, Remuneration, and Finance Committees. Ms. Gebreyes holds a bachelor’s degree from Rhodes College and an MBA from Harvard Business School. She is an Ethiopian national.

Commenting on Ms. Gebreyes’ appointment, Chairman, Sunil Bharti Mittal said: “On behalf of the Board, I am delighted that Tsega has agreed to join the Airtel Africa Board and we very much look forward to working closely with her. Tsega brings with her great telecommunications experience, working and investing in Africa and above all solid financial acumen. All this adds additional knowledge base at the Board”.

 

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Appointments

Chemical and Allied Products Plc Appoints Mr. Folasope Aiyesimoju as a Non-Executive Director

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Chemical & Allied Products (CAP) Plc - Investors King

The management of Chemical and allied Products Plc has appointed Mr. Folasope Aiyesimoju as a Non-Executive Director of the company, effective October 5, 2021.

The company disclosed in a statement signed by Ayomipo Wey, Company Secretary and General Counsel and seen by Investors King.

Mr. Folasope Aiyesimoju Profile

Mr. Aiyesimoju is a finance professional with experience spanning corporate finance, principal investing and private equity. Over the course of his career, he has lived and worked in SubSaharan Africa’s most important economies gaining experience of the operating landscape in the region.

Mr. Aiyesimoju is currently the Group Managing Director of UAC of Nigeria Plc (“UACN”), with responsibility for shaping overall strategy and driving long-term value creation. He is also the founder of Themis Capital Management, an investment firm focused on concentrating capital and talent on high-potential opportunities in Sub-Saharan Africa.

Prior to founding Themis, he worked with Kohlberg Kravis Roberts, a leading global investment firm. His experience also includes working with the Standard Bank Group, where he led mergers and acquisitions in Nigeria. He spent the early part of his career with Ocean and Oil Holdings Limited, a principal investment firm in Nigeria and ARM Investment Managers, one of Nigeria’s leading investment advisory and wealth management firms.

Mr. Aiyesimoju co-founded Foodpro Limited, a nutritional snacks business focused on edible nuts, where he currently serves as a non-executive director. He also sits on the Boards of MDS Logistics Limited, Grand Cereals Limited, UAC Foods Limited and UPDC Plc.

Mr. Aiyesimoju holds a B.Sc. (Hons) degree in Estate Management from the University of Lagos, where he was awarded a Certificate of Excellence in Real Estate Development and Finance, and earned the right to use the CFA designation in 2006.

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Segun Ogunsanya Begins New Role as CEO of Airtel Africa

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Airtel Africa Plc - Investors King

Airtel Africa on Monday announced that Segun Ogunsanya has resumed as the company’s Chief Executive Officer on 1 October 2021.

The leading telecommunications firm disclosed in a statement signed by Simon O’Hara, Group Company Secretary, Airtel Africa.

The statement reads “further to the Company’s appointment of Olusegun “Segun” Ogunsanya, as Managing Director and Chief Executive Officer, Segun has begun his new role as at 1 October 2021 and joined the Board of Airtel Africa plc.”

Seugun Ogunsanya Profile

Segun was previously Managing Director and CEO of Airtel Nigeria and was responsible for the overall management of the operations in the Company’s largest market. He has more than 25 years business management experience in banking, consumer goods and telecoms. Before joining Airtel in 2012, Segun held leadership roles at Coca-Cola in Ghana, Nigeria, and Kenya (as MD and CEO).

He has also been the Managing Director of Nigerian Bottling Company Ltd (Coca-Cola Hellenic owned) and Group head of retail banking operations at Ecobank Transnational Inc, covering 28 countries in Africa. He is an electronics engineer and also a chartered accountant.

Speaking on his appointment, Segun Ogunsanya, said: “I am looking forward to building on the solid foundations the Group has established for future sustainable growth across Africa. Moving forward, we will invest even more in our network and distribution channels to serve the communities where we operate. By doing this, we will continue to sustainably bridge the digital divide, expand financial inclusion and meet the evolving needs of our customers.”

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