Investment Committee

Proven, relevant track record with boots on the ground


Anhad Narula
CEO/ Head of Fund. Investment Committee Member

MBA – Harvard Business School.
MS Engineering (Honours), Imperial College UK

Anhad is the Chairman of APPNL and the Chief Executive Officer at AIPF. Prior to that, he was a Director at DSC Africa, a company that owned an EPC business and Asset Management Company involved in equity investments into infrastructure related projects.

Anhad has 14+ years of experience in infrastructure projects including bidding, acquisitions, construction, operations & monetisation and exits. He worked in the DSC Group from 2002 and spearheaded its Africa business in 2011.

Anhad has successfully built out and invested in Africa projects in a short period of time and has intimate knowledge of infrastructure including on-site construction and O&M.


Adeniran Ajakaiye
Managing Director / CIO. Investment Committee Member

MBA – Washington University in St. Louis, USA
Associate, Chartered Institute Of Bankers (ACIB)
B.Eng. (Agric) – University of Ilorin, Nigeria

Adeniran Ajakaiye (Niran) is the Managing Director / Chief Investment officer of Africa Plus Partners Nigeria Limited and an Investment Committee Member at AIPF. He is a customer-focused manager with over 19 years’ experience in Consulting and Banking industries with key expertise in debt creation, deal structuring, project management, structured finance, VC/PE advisory and investment management.

He has been involved directly in creating debt instruments for major infrastructure projects in Nigeria while working for GT Bank, First Bank, Stanbic IBTC, and Access Bank as the Regional Manager for their Corporate and Investment Banking (CIB) business in South West. He also worked in the USA for Citigroup and Wells Fargo.

Niran has an extensive consulting experience, developed while working for PricewaterhouseCoopers (PwC) USA where he consulted on M&A, compliance and re-engineering projects for some of the largest firms in USA. During this period, he developed a quality consistency testing model, conducted due diligence on asset acquisition in an M&A transaction, managed implementation of system enhancement, completed competitive intelligence report and was seconded as a strategic adviser to manage underperforming firms. Clients includes Citigroup, Wells Fargo, Fannie Mae, Suntrust, Delta Airline, PHH, Wells Fargo, Bank of America etc.


Fola E. Ogunsiakan
MD - Cedar Capital Limited

B.Sc. - Architecture, Obafemi Awolowo University
MBA – Harvard Business School

Fola Ogunsiakan is the Managing Director of Cedar Capital. Prior to founding Cedar, Fola was a Partner and Co-founder of Constant Capital, a West Africa based Financial Advisory and Investment firm.

Fola’s career spans two decades, covering finance, technology, operations and strategy with a particular focus on early-stage companies and start-ups. His experience with companies such as McKinsey & Co., Cummins, and Robertson Stephens & Co, coupled with his entrepreneurial activities has developed him into a well rounded professional that is able to manage businesses through their full cycles, from inception to steady-state operations or financial exits.

Fola is also a board director of various companies.



Olayinka Ogunsulire
CEO – Orange Island Development Company

BSc. Geography - University of Strathclyde
M. Phil - Land Mgt., University of Reading

Yinka is a real estate professional with a background in property investment and development. Prior to joining Orange Island Development Company, she served as CEO of Heirs Real Estate and ARM Properties Plc (the property subsidiary of Asset and Resource Management).

She also worked with Capital Alliance Nigeria as a Vice President in charge of the real estate fund and managed the property portfolios of National Bank of Nigeria and UBA Trustees Limited. She is a fellow of the Royal Institution of Chartered Surveyors.


Benedict Omonua
MD, PHB Asset Management Limited

B. Sc – Economics & Statistics,
University of Benin
MBA - London Business School

Benedict Omonua has over 18 years of Finance experience spanning from Arthur Andersen (now KPMG), Standard Trust Bank (Now United Bank for Africa Plc West Africa’s largest bank), Keystone Bank, WildTrust financial Service and Stallionaire Oil and Gas Limited. He is a prize winning graduate of Economics and Statistics from the University of Benin. He is also a prize winning Chartered Accountant (ACA).

Benedict is an associate of the Association of Chartered Certified Accountants UK (ACCA), Chartered Institute of Stockbrokers Nigeria( ACIS) and fellow of the Institute of Cost Management (FICM). Benedict is a CFA charter and also has an MBA from the prestigious London Business School.




Disclaimer: An investment in the Fund is subject to significant risks of loss of income and capital and Shares in the Fund will be subject to restrictions on transfer. There will be no public market for the Shares in the Fund and they will not be negotiable on the capital markets. ... See more

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