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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