BrandArena: Former Nigerian Central Bank Governor Sanusi Lamido Joins Blackstone Africa Fund

Friday 12 June 2015

Former Nigerian Central Bank Governor Sanusi Lamido Joins Blackstone Africa Fund

Blackstone’s sub-Saharan Africa energy infrastructure fund has hired former Governor of Nigeria's Central Bank, Emir Sanusi Lamido as chairman of its board of directors.

The appointment comes after $310 billion Blackstone announced in August 2014 that it had partnered with Dangote Industries—led by Nigerian billionaire Aliko Dangote—to invest jointly up to $5 billion over the next five years in energy infrastructure projects across Sub-Saharan Africa, part of President Barack Obama's Power Africa initiative to match private capital with continental energy needs.
Emir Sanusi Lamido Sanusi
“One can scarcely imagine a stronger addition to the Black Rhino Board. The Emir has unparalleled insights into Africa’s regional and local socio-economic development needs and the role that power and infrastructure development can play,” said Brian Herlihy, Black Rhino’s Founder and CEO.  “We know as Chairman of Black Rhino, the Emir will provide business as well as moral guidance in all our endeavors across Africa.  It is an honor and a privilege to announce His Highness, the Emir of Kano as the Chairman of Black Rhino.”

“We are pleased that Emir Sanusi has agreed to lend Black Rhino his considerable expertise and wisdom as Chairman,” said Sean Klimczak, a Senior Managing Director at Blackstone who oversees the firm’s global private equity investments in power generation and natural resources.  “We look forward to working closely together as we develop energy solutions for Sub-Saharan Africa.”

“I am honored to join the Board of Black Rhino, a company that is looking to develop infrastructure projects in places where there is the most need to transform communities,” said His Highness Emir Muhammad Sanusi II.  “We live in a time of intense competition for capital and I do hope that by joining the Board I can play some part in bringing some of that capital nearer to home.”

Mr. Sanusi was named Emir of Kano in June 2014, the second-highest Muslim authority in Nigeria. Prior to his appointment, Mr. Sanusi had a distinguished 25-year career in banking. Sanusi began his career in 1985 at ICON Merchant Bankers, a subsidiary of Morgan Guaranty Trust and Baring Brothers, and later ran the credit and risk management division at the United Bank for Africa. In 2005, Sanusi moved to First Bank, where he was named managing director in 2009.

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