Harith General Partners appoints new CEO
Pan-African infrastructure financier Harith General Partners has appointed Sipho Makhubela as its chief executive officer.
Makhubela’s appointment follows Tshepo Mahloele’s request to step aside as Harith’s CEO earlier this year after 14 years of successfully developing signature infrastructure projects on the African continent. Mahloele’s notice of resignation became effective on 29 February this year and was followed by a six-month transition handover period.
Before his appointment, Makhubela was Harith’s managing director of investments. Makhubela is a seasoned investment professional with proven industry leadership and extensive board experience. Throughout his private equity career, he has invested in and grown businesses across the continent. He has more than 20 years’ investment industry experience having worked in companies such as Coronation Capital, AMB and Investec.
“As the board, we have full confidence in Sipho and we look forward to the continued success of Harith under his leadership. He brings to the role strategic continuity, insight and experience which I’m certain will stand us in good stead as we navigate the new normal brought about by the Covid-19 world,” said Jabu Moleketi, chairman of the Harith board.
Under Mahloele’s leadership, Harith has acted as a catalyst for Africa’s development through notable investments in various infrastructure assets across the continent. These include Main One, the 14000km undersea cable company in Nigeria providing internet connectivity to millions of West Africans; the Henrie Konare Bedie Bridge in Côte d’Ivoire; Lanseria International Airport in South Africa and the 300MW Lake Turkana wind farm in Kenya, among others.
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