The Africa Enterprise Challenge Fund (AECF) (www.AECFAfrica.org) announced today the appointment of Victoria Sabula as its permanent Chief Executive Officer.

It follows her appointment as Interim Chief Executive Officer in August 2019 after serving as AGRA’s General Counsel and Corporation Secretary for five years and previously holding several positions at KCB Bank Group.

Hixonia Nyasulu, Board Chair said:

“On behalf of the Board, I am delighted to confirm that Victoria Sabula has been appointed AECF’s Chief Executive Officer.  This decision follows a rigorous recruitment process conducted with an international consulting firm where Victoria rose to the top of a very strong field of candidates.”

“Victoria impressed the board with her strategic vision, depth of management expertise, and proven track record both at AECF as interim CEO, and previously at AGRA and KCB Group.”

Victoria Sabula, Chief Executive Officer of AECF, said:

“I am absolutely delighted to have been appointed as Chief Executive Officer of AECF after having had the opportunity of leading the organisation as interim CEO for the last year.”

“AECF has remained true to its founding purpose which was to make systems work for the poor in sub-Sahara Africa. AECF remains committed to leaving no one behind and we will continue to push the boundaries, being intentional that our investments present opportunities for women, and truly bring the benefits of private sector to low-income households.”

Prior to joining The AECF, Victoria served as AGRA’s General Counsel and Corporation Secretary providing strategic oversight on legal advisory, compliance, risk management and governance for AGRA’s programmatic activities across sub-Saharan Africa. Starting her career with Kenya Commercial Bank (KCB) Group, Victoria is a senior institutional leader with C-Suite experience in both private sector and non-profit sector.

Victoria holds a Bachelor of Law (LLB) Degree from Moi University, a post Graduate Diploma in Law from Kenya School of Law, a diploma in Human Resource Management from Kenya Institute of Management and a Master’s in Business Administration from Nazarene University. In 2015 she was named in the Legal 500’s General Counsel Power List Africa, which recognizes the top 100 corporate counsels in Africa.

The Africa Enterprise Challenge Fund (AECF) is a non-profit institution that supports early and growth-stage businesses in the agribusiness and renewable energy sectors to reduce poverty, promote resilient communities, and create jobs through private sector investments.

Since 2008, AECF has invested in 268 businesses across sub-Sahara Africa focusing on Agribusiness, Renewable Energy and Climate Technologies. As of 2019, we have impacted more than 17 million lives and created over 12,000 jobs and leveraged over US$ 750 million in matching funds from the private sector. AECF is headquartered in Kenya with offices in Cote d’Ivoire and Tanzania.