The Board of Directors of United Capital Plc has announced the appointments of four highly experienced infrastructure investment experts as independent members of the Investment Committee of the United Capital Infrastructure Fund.

According to the firm, the appointments have been confirmed following the ratification and clearance by the Securities and Exchange Commission.

The United Capital Infrastructure Fund is an SEC-licensed, N150bn closed-ended fund designed to finance and support infrastructure and related projects in Sub-Saharan Africa. The fund targets key sectors, including agribusiness, industrial recycling, renewable energy, gas infrastructure, healthcare, and manufacturing. UCIF is committed to delivering competitive returns to investors while financing high-impact, sustainable projects that contribute to economic growth and development.

The appointees bring fresh perspectives, multinational exposure, and decades of multi-sector experience across infrastructure and investments. The appointees include Managing Partner at Cornerstone Infrastructure Advisors and former Senior Partner, Infrastructure, at KPMG (South Africa), De Buys Scott, who was appointed as Chairman. Other independent members are the Chief Executive Officer of Tocam Capital, a project development firm focused on natural resources and associated infrastructure, Olubunmi Akinremi; the former Sub-Saharan Africa Regional Lead, Transaction Advisory & Equity Mobilisation at the International Finance Corporation, Bola Bamidele; and the Chairman of Loanbook Limited and Atiat Limited, Obinna Ufudo. They join other members of the Investment Committee, who are Odiri Oginni, UcheNna Mkparu and Adeyinka Jafojo.

Mr Samuel Nwanze has exited the Investment Committee, following the completion of his tenure.

Commenting on the announcement, the Group Chief Executive Officer of United Capital Plc, Mr 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.”

Also commenting on the announcement, Chief Investment Officer and Fund Manager at UCIF, UcheNna Mkparu, said, “We are delighted to welcome the new members to the Investment Committee and would be counting on their track record, wealth of experience across multiple jurisdictions and impeccable professional reputations to steer UCIF’s strategic direction as we scale investments that deliver competitive returns across Nigeria and Africa.”