Transnational Corporation of Nigeria Plc (Transcorp), one of the largest listed conglomerates in Nigeria, has announced the appointment of Oliver Andrews to the Board, as an Independent Non-Executive Director.
Transcorp has diversified interests across sectors including power, hospitality, agribusiness and oil and gas sectors. Companies within the conglomerate include Transcorp Hilton Abuja, Transcorp Hotels Calabar, Transcorp Power Ltd, Transafam Power Ltd, Transcorp Energy and the recently launched digital hospitality platform, Aura by Transcorp Hotels.
“Mr. Andrews was one time Managing Director of the Gambia Ports Authority, and a strategic advisor to several governments as a member of the Africa & Middle East and Commonwealth Infrastructure Technical Advisory Groups”.
Prior to the appointment, Mr Andrews was the Chief Investment Officer at the Africa Finance Corporation (AFC), one of the largest investors in infrastructure solutions in Africa, where he oversaw the growth of assets under management, from USD1 billion to over USD8.4 billion, including significant investments in the energy and natural resources sector
Mr Andrews has over 35 years of experience in infrastructure development, public-private partnerships and strategic advisory working with regional and international institutions, international corporations and DFIs.
Commenting on his appointment, the Group Chairman Transcorp Plc, Mr. Tony O. Elumelu, CON said “We are delighted to welcome Oliver to the Board of Transcorp, as we execute on delivering our purpose of “Improving Lives, Transforming Nigeria”. His experience of power and infrastructure will be a great asset to Transcorp, as we continue to implement our strategies of suppling robust, dependable power in Nigeria and across Africa.”
Mr Andrews was one time Managing Director of the Gambia Ports Authority, and a strategic advisor to several governments as a member of the Africa & Middle East and Commonwealth Infrastructure Technical Advisory Groups. He is the pioneer Chairman of the Africa Infrastructure Development Association, member of the Global Climate Finance Lab and Chair of the Africa Centre.
An engineer by training and experience, he is a graduate of the University of Wales, where he received a postgraduate diploma in port and shipping administration. He has an MBA from the Cardiff Business School. He is a Fellow of the Chartered Institute of Transport & Logistics, Member of the Chartered Institute of Marketing, Fellow of the Royal Society of Arts, and Member of the Institute of Electronic and Electrical Incorporated Engineers.