23rd Apr 2020 14:22
(Alliance News) - Danakali Ltd said Thursday it has appointed to its board two nominees of strategic investor Africa Finance Corp.
Samaila Zubairu is chief executive officer of AFC, while Taiwo Adeniji, is senior director for Investment Operations & Execution. They join the Danakali board as non-executive directors immediately.
The right to nominate board directors came as part of AFC's USD50 million investment in Danakali and funding package for the development and construction of the Colluli sulphate of potash project in Eritrea, north east Africa.
"AFC has been a great supporter of our project, and we look forward to working with [Zubairu and Adeniji] as we progress the development of Colluli and our overall funding strategy," said Danakali Chief Executive Officer Niels Wage.
Danakali shares were untraded on Thursday in London, last quoted at 24.00 pence.
By Tom Waite; [email protected]
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