Afrinvest Makes New Appointments

Afrinvest appoints Michael Chu'di Ejekam as the new Afrinvest Securities Limited (ASL) Director

In pursuance of its objectives of reflecting the pan-African outlook of the company, Afrinvest (West Africa) Limited, has announced the appointment of Elkin Pianim as a Director of the firm while Michael Chu'di Ejekam has been named a Director for its broker-dealer subsidiary, Afrinvest Securities Limited (ASL). A Ghanaian national, Pianim's appointment further reflects the pan-African outlook of Afrinvest, which also has Ms. Fatumata Soukouna, a Liberian national on the board of ASL and Dr. Fidelis Nde-Che, a Cameroonian, as Chairman of its Board of Directors. Afrinvest appoints Michael Chu'di Ejekam as the new Afrinvest Securities Limited (ASL) Director



The new ASL Director, Michael Chu'di Ejekam, has a proven track record of full cycle retail investment and development including site origination, equity investment, planning approvals, development management, tenant leasing, asset management and exit of the largest retail malls in Nigeria, Ghana, and the broader West African market. As Director of Real Estate for West Africa at Actis – a $7.5bn private equity firm, which is the most active retail developer in Sub Saharan Africa – Ejekam originated over $700m in retail projects. These include the $130m Jabi Lake Mall Abuja project; $100m Ikeja City Mall Lagos project; Heritage Place, Nigeria's first green certified commercial building; and the Accra Mall.

Ejekam also has significant experience in international real estate with a United States private real estate investment and development firm with interests in $2bn of real estate assets. He was previously a Wall Street Investment Banker at Merrill lynch in New York, and participated in $3bn of acquisition, LBO financings, IPO and leverage loans. An Economics graduate of the Wharton School, University of Pennsylvania, Ejekam was a recipient of the prestigious Howard E. Mitchell Award for outstanding achievement. Afrinvest (West Africa) Limited is a wealth advisory firm involved in investment banking, securities trading, asset management and investment research with a focus on West Africa.Chu'di Ejekam

Pianim has over 25 years experience in the financial services sector, and has worked on several landmark projects across the United States, United Kingdom, Zimbabwe and Ghana. He is currently Founder and Partner at Serengeti Capital Partners Limited – an Accra-Headquartered financial services group engaged in consultancy and asset management – and his areas of expertise include consumer goods, natural resources, media and technology. An Economics graduate of the Vassar College, New York, Pianim also possesses a Masters in Business Administration (MBA) from the London Business School, United Kingdom. Michael Chudi Ejekam