FSD Africa appoints CIO to lead development capital activity

  • 29 October, 2018

FSD Africa is pleased to announce that it has appointed Anne-Marie Chidzero as its Chief Investment Officer, following an extensive recruitment process.  As CIO, Anne-Marie will lead FSD Africa Investments, the development capital arm of FSD Africa, working to grow this new part of the FSD Africa programme.

Anne-Marie, a Zimbabwean, is the former CEO of Financial Sector Deepening Mozambique and Co-founder of private equity fund manager, Alitheia IDF Managers, investing in women-led businesses.

Anne-Marie brings a wealth of experience of building African financial markets to the FSD Africa team. Across her career, she has led a range of development finance investments and implemented strategies for private sector growth, in roles at the World Bank Group, CGAP and UK Aid, among other development finance institutions.

Anne-Marie is recognized as a pioneering force in gender-lens investing. As Co-founder and Principal Partner at Alitheia IDF, where she remains a seed-investor, Anne-Marie helped build a fund to finance female founders across Africa, supporting them to scale their businesses.

As a Board member of the Africa Enterprise Challenge Fund (AECF), Anne-Marie helped shape a blended finance approach to de-risking investments in renewable energy and agriculture businesses, contributing to the prosperity of African rural economies. She recently concluded the final successful exit of AfriCap Microfinance Investment, the first Pan-African microfinance fund, where she held the role of CEO.

FSD Africa Investments is currently capitalised at GBP 30 million but plans to add significantly to its funding capacity in the coming years.

FSD Africa’s CEO Mark Napier commented: “By bringing capital to underinvested parts of the market, FSD Africa’s investment activities aim to make financial markets in Africa more innovative, competitive and accessible. We have already shown there are excellent opportunities that will deliver these market-building impacts. We are confident that under Anne-Marie’s leadership we will be able to scale up and accelerate this important part of FSD Africa’s overall portfolio of work”.

On her appointment, Anne-Marie commented: “I am delighted to join the FSD Africa team, to help build a credible case for using development capital to de-risk private sector transactions and to help crowd in more investments to the continents financial markets – achieving both financial and developmental returns.”