Dave Chalila joins GuarantCo as Head of sub-Saharan Africa Investments

  • Date written
  • October, 2024

GuarantCo, a Private Infrastructure Development Group (PIDG) company, has strengthened its Investment team with the appointment of Dave Chalila as Head of sub-Saharan Africa. In this new role, Dave will be responsible for the growth and management of a portfolio of sustainable infrastructure projects in lower income countries across the region. He will be based in PIDG’s Nairobi office.

Dave Chalila joins GuarantCo as Head of sub-Saharan Africa Investments

Dave joins the team from SACE SpA, the Italian export credit agency, where he led the business in sub-Saharan Africa and pioneered innovative funding for African multilateral institutions. Prior to that, Dave spent six years at International Finance Corporation building the trade, supply chain finance and agribusiness portfolio for private sector clients. He has also worked for Standard Bank and Rand Merchant Bank in Johannesburg, and TDB Bank in Nairobi.

Dave has originated, structured and managed medium- and long-term debt transactions with clients across a diverse range of sectors including energy and transport infrastructure, agribusiness and manufacturing, delivering both positive financial returns and development impact.

He holds a Bachelor of Arts degree in Accounting and Finance from the University of Strathclyde.

Surabhi Mathur Visser, Deputy CEO of GuarantCo, said:

“We are excited to welcome Dave to our Investment team. Since 2005, GuarantCo has deployed local currency credits solutions that help alleviate poverty and improve quality of life for communities, while advancing towards climate goals. Dave’s extensive investment banking experience across commercial lending and development finance will help us capitalise on future opportunities in the region and deliver against our ambitious business plan.”

NOTES TO EDITORS

About GuarantCo

GuarantCo mobilises private sector local currency investment for infrastructure projects and supports the development of financial markets in lower income countries across Africa and Asia. GuarantCo is part of the Private Infrastructure Development Group (PIDG) and is funded by the governments of the United Kingdom, Switzerland, Australia and Sweden, through the PIDG Trust, the Netherlands, through FMO and the PIDG Trust, France through a stand-by facility and Global Affairs Canada through a repayable facility. GuarantCo is rated AA- by Fitch and A1 by Moody’s. Since 2005, GuarantCo has enabled USD 6.8 billion of total investment and USD 5.7 billion of private sector investment, giving 44.7 million people access to infrastructure and creating around 243,000 jobs. GuarantCo’s activities are managed by GuarantCo Management Company which is part of Cardano Development www.guarantco.com

About PIDG

The Private Infrastructure Development Group (PIDG) is an innovative infrastructure project developer and investor which mobilises private investment in sustainable and inclusive infrastructure in sub-Saharan Africa and south and south-east Asia. PIDG investments promote socio-economic development within a just transition to net zero emissions, combat poverty and contribute to the Sustainable Development Goals (SDGs). PIDG delivers its ambition in line with its values of pioneering, partnership, safety, inclusivity and urgency.
PIDG offers Technical Assistance for upstream, early-stage activities and concessional capital; its project development arm – which includes InfraCo Africa and InfraCo Asia – invests in early-stage project development and project and corporate equity. PIDG credit solutions include EAIF (the Emerging Africa Infrastructure Fund), one of the first and more successful blended debt fund in low-income markets; GuarantCo, its guarantee arm that provides credit enhancement and local currency solutions to de-risk projects; and a growing portfolio of local credit enhancement facilities, which unlocks domestic institutional capital for infrastructure financing.
Since 2002, PIDG has supported 233 infrastructure projects to financial close, which provided an estimated 228 million people with access to new or improved infrastructure. PIDG is funded by the governments of the United Kingdom, the Netherlands, Switzerland, Australia, Sweden, Global Affairs Canada, Germany, and the IFC. pidg.org