FEDA Appoints Emmanuel Assiak as CEO to Drive Africa-Focused Investment Growth
The Fund for Export Development in Africa (FEDA), the private equity investment arm of African Export-Import Bank, has appointed Emmanuel Assiak as its Chief Executive Officer, effective 15 December 2025.
The appointment comes as FEDA expands its investment activities to support Africa’s export development and industrialization agenda amid ongoing capital flight challenges. The fund said the leadership transition will help strengthen efforts to mobilize and deploy capital into export-oriented sectors aligned with Afreximbank’s strategic priorities.
Assiak brings more than three decades of experience in financial services, including nearly 20 years in private equity. He has led investments across multiple African markets and sectors, with expertise spanning transaction structuring, capital deployment, strategic partnerships and value creation.
A founding member of FEDA’s leadership team, Assiak served as Pioneer Director and Managing Director/Chief Investment Officer for more than six years before assuming the role of interim CEO in November 2025. During his tenure, he played a central role in establishing the fund’s investment platforms and expanding its portfolio.
Before joining FEDA in 2019, Assiak held senior investment roles at African Capital Alliance and worked in Nigeria’s banking sector, including positions at Zenith Bank Plc and United Bank for Africa.
Commenting on the appointment, George Elombi, President of Afreximbank and Chairman of the Boards of Afreximbank and FEDA, said Assiak’s leadership and deep understanding of Africa’s private equity landscape would help advance investments that support industrialization, value addition and export growth across the continent.
Assiak said he was honoured by the Board’s confidence and pledged to build on FEDA’s existing foundation by scaling investments that strengthen intra-African trade and support Africa’s industrial development. He will be based in Kigali, Rwanda.
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About FEDA: The Fund for Export Development in Africa (“FEDA”) is the impact investment subsidiary of Afreximbank (www.afreximbank.com), set up to provide equity, quasi-equity, and debt capital to finance the multi-billion-dollar funding gap (particularly in equity) needed to transform the Trade sector in Africa. FEDA pursues a multi-sector investment strategy along the intra-African trade, value-added export development, and manufacturing value chain which includes financial services, technology, consumer and retail goods, manufacturing, transport & logistics, agribusiness, as well as ancillary trade enabling infrastructure such as industrial parks. To date, FEDA has invested more than US$1.3 billion in companies and projects across its various fund initiatives, in sectors such as manufacturing, agro-processing, financial services, healthcare and pharmaceuticals, amongst others. visit: www.FEDAgroup.org
About Afreximbank: African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2025, Afreximbank’s total assets and contingencies stood at over US$48.5 billion, and its shareholder funds amounted to US$8.4 billion. Afreximbank has investment grade ratings assigned by China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), GCR (A), Japan Credit Rating Agency (JCR) (A-), and. Moody’s (Baa2). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt. For more information, visit: www.Afreximbank.com
SOURCE: Afreximbank
