Africa50 appoints Albert Mugo as an independent director

Former KenGen managing director and chief executive Albert Mugo has been appointed to the Africa50 Board as an independent member along with four other people.
The other members that have joined the Board include Imoni Akpofure, Monhla Wilma Hlahla, Sophie L’Helias, and Assaad Jabre.
The chief executive of Africa50 Alain Ebobissé said: “I am pleased that Assaad, Albert, Imoni, Monhla, and Sophie have joined the Board. They combine top-level regional and sectoral skills with long service on the boards of other companies. This is a very important addition to Africa50’s governance structure. Combined with our world-class Senior Leadership Team, which is now in place, they will help us accelerate infrastructure development in Africa.”
Mr. Mugo has over 35 years of experience in the energy sector, including 10 years in operations and maintenance of power systems and over 20 years in planning and development of the generation and transmission of electricity supply.
Most recently he was Managing Director and CEO of Kenya Electricity Generating Company (KenGen), the largest power producer in Kenya, where he spearheaded several key projects, including 120 MW Kipevu III in Mombasa and over 370MW geothermal capacity development in Olkaria.
Kenya increased its shareholding in Africa50 to KSh10 billion.
Africa50 has become a key player in driving infrastructure investments with commercial rates of return in Africa, to help bridge the continent’s infrastructure financing gap estimated at US$108 billion. 
It has mobilised over $850 million in committed capital from its shareholders comprising the African Development Bank, 26 African countries and 2 central banks.

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