The AECF LLC announces the appointment of Frank N. J. Braeken as the Chair of the Board of Directors

Nairobi, Kenya, January 17, 2024 – The AECF (AECF) is a leading development fund institution providing early and growth-stage businesses in agribusiness and renewable energy sectors with capital and growth support services. AECF is delighted to announce the appointment of Frank N.J. Braeken as its new Board Chairman.

Mr. Braeken has been a non-executive Director of AECF for the last four (4) years. He is a seasoned director and leader, having served on various boards and held diverse leadership positions. He is also an investor who brings experience and expertise to AECF, having spent over 30 years in the global consumer goods and agri-food industries. His career spans leadership roles across continents, with a deep understanding of African markets and entrepreneurial ecosystems.

As Regional President, Mr. Braeken steered operations for institutions in Africa, China, and the Middle East, achieving impressive growth and spearheading sustainability initiatives. He currently serves as an active investor and advisor in agri-food, leveraging his extensive network and knowledge to support promising ventures across the continent.

“Frank’s exceptional track record in corporate and investment fields, coupled with his steadfast commitment to Africa’s development, make him an ideal Board Chair for AECF. His strategic vision, operational expertise, and passion for entrepreneurship will be invaluable as he guides the organization towards even greater impact,” said Victoria Sabula, the AECF CEO.

Mr. Braeken expressed his enthusiasm to serve as the Chairman of AECF following the commendable tenure of the outgoing board chair, Hixonia Nyasulu. Frank remarked, “I am honored to serve as the Chairman of AECF. Hixonia Nyasulu’s outstanding leadership as the outgoing board chair has been pivotal in strategically placing AECF. By making strategic investments and providing dedicated support, AECF empowers entrepreneurs to be engines of inclusive growth and lasting prosperity for African communities. I will, therefore, continue to dedicate my experience in leading the institution to empower Africa’s future through innovative small and medium businesses.”

Frank will lead a distinguished Board of Directors of prominent business, finance, and development leaders, bringing diverse perspectives and expertise to support AECF’s mission.

About AECF

AECF (Africa Enterprise Challenge Fund) is a leading non-profit development organization supporting innovative agribusiness and renewable energy enterprises to reduce rural poverty, promote resilient communities, and create jobs.

AECF provides patient capital to highly innovative, early-stage, and growing enterprises that are hidden gems poised for greatness but that struggle to access funding from traditional sources of finance. To date, we have supported over 432 businesses in 26 countries in Sub-Saharan Africa, impacted more than 30 million lives, and created over 29,000 direct jobs.