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Akim Daouda to head Gabon's Sovereign Investment Fund

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2019 Tutu Fellow Akim Daouda has been appointed as CEO of Gabon's Sovereign Investment Fund.  He takes over from Serge Mickoto as the leader of the Fonds Gabonais d’Investissements Stratégiques (FGIS). Akim was the fund's Chief Investment Officer and had been managing the fund's entire portfolio before stepping up as head of the organisation.  Serge Mickoto had headed the FGIS since its founding in 2012; Akim joined the fund in 2013 and was promoted three years later to Chief Investment Officer. 

The change in leadership came just days after FGIS' official acquisition of BNP Paribas’ assets in Banque Internationale pour le Commerce et l’Industrie du Gabon.

In his new role, he will not only oversee all of FGIS' investments, but also work closely with ministries, leaders, and those in the private sector.  He will strategise fund investments, provide high-level leadership, and work on issues that impact the economy, industrial growth and transformation. The fund has as its mission securing a solid savings base for future generations of Gabon.

Akim was selected for the Choiseul 100 Africa list in 2017 and has also been listed on the top Young African Business Leaders under the age of 40 who are expected to play a major and transformative role in the continent's economic development.  As part of his role at the fund, he has served since 2016 as deputy chief executive officer of independent power producer Gabon Power Company and he has served on the board of directors of Asokh Energy and Asonha Energy, two special purpose vehicles set up by the fund and respectively held by Eranove and Meridiam to develop hydroelectric projects in the country. 

He will be leading FGIS at a pivotal moment for the sovereign wealth fund, as it is positioning itself at the heart of the country’s response and recovery strategy in light of the Covid-19 pandemic.  His appointment was on 9 April 2020 and he took office the next day. 

You can read more at Jeune Afrique Business +

 

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Sunday, 27 September 2020

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