Fund for Export Development in Africa appoints new CEO
FEDA has announced the appointment of Emmanuel Assiak as its chief executive officer.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
The Fund for Export Development in Africa (FEDA), the equity investment arm of African Export-Import Bank (Afreximbank), has announced the appointment of Emmanuel Assiak as its chief executive officer.
Assiak brings over 30 years’ experience in financial services, including about 20 years in private equity.
He has been closely involved in FEDA’s development since inception, having served as pioneer director and managing director/chief investment officer for over six years, and most recently as the interim chief executive officer since November 2025.
Prior to joining FEDA in 2019, Assiak served as vice president and principal at African Capital Alliance, and held senior roles in the Nigerian banking sector, including at Zenith Bank and Continental Trust Bank (now part of United Bank for Africa Group).
George Elombi, president and chairman of both the board of directors of Afreximbank and FEDA, commented: “Assiak’s leadership, deep institutional knowledge, and understanding of Africa’s private equity market are critical to strengthening Africa’s private sector, a key driver of Africa’s intra-African trade and economic transformation. Given his track record, we expect FEDA to continue to mobilise and deploy strategic investments aimed at accelerating industrialisation, value addition, and boosting export development across the continent.”
Commenting on his appointment, Assiak said: “I extend my sincere appreciation to the board of directors of FEDA and Afreximbank for their continued trust and confidence. FEDA is contributing significantly to mobilising long-term capital for Africa’s export and industrial sectors, and we will build on the established strong foundation. Together with our partners, FEDA will deepen its impact by scaling investments that unlock value, strengthen intra-African trade, and support the continent’s industrialisation agenda.”
Assiak will be based in Kigali, Rwanda.
Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. The Dealmaker’s Log is available to all Premium subscribers, with the latest edition delivered immediately upon subscribing – subscribe now.