Pan-African infrastructure investor Africa50 has appointed former Chief Executive of Kenya Electricity Generating Company (KenGen) Albert Mugo as an Independent Director.
The Morocco-based fund is an agency of the Africa Development Bank (AfDB) and focuses on medium to large-scale infrastructure projects with significant impact and good returns on investment.
The appointment was part of the changes that saw Africa50 shareholders approve the expansion of the agency’s board to include at least five new independent directors. The other four new board members hail from France, Lebanon, Nigeria and South Africa.
Mr Mugo has previously served at the Kenya Pipeline Company, Kenya Power and is credited with spearheading some of KenGen’s power projects including 120MW Kipevu III in Mombasa and the 280MW geothermal plants in Olkaria.
Mr Mugo holds a Bachelor of Science degree in Electrical Engineering and a Master of Business Administration in Strategic Management, both from the University of Nairobi. In 2012, he completed the Advance Management Programme from Strathmore Business School. He is a registered professional engineer and a member of the Institution of Engineers of Kenya.