Kupanda Capital is boosting its energy and infrastructure investment and advisory business with the appointment of Tunisia’s former Minister of Energy, Mining and Renewables as a Senior Partner at the Washington, D.C.-based firm. Héla Cheikhrouhou, who served in Youssef Chahed’s government until September this year, helped revitalize the country’s energy sector through several initiatives including the launch of Tunisia’s 2030 energy investment strategy as well as the country’s main renewable energy and energy efficiency projects for 2020.
“We’re incredibly excited to have Héla join our team at Kupanda Capital,” said Bobby Pitman, Kupanda’s Managing Partner. “As we look to scale pan-African businesses and create value for our partners, we couldn’t think of a better addition to our team. Her track record, experience and knowledge of energy and climate finance is unparalleled and will bring tremendous value to our platform.”
Prior to her tenure in government, Cheikhrouhou served as the global Green Climate Fund’s first Executive Director, putting all the necessary infrastructure to make the fund fully operational in place, and establishing, in partnership with the Fund’s Board, the institutional and operational policies and procedures. Whilst there, she also set up the Fund’s resource mobilization process, garnering $10 billion in pledges fro some 43 countries. Working with the GCF Board, she secured $1.2 billion of funding which supported $4 billion worth of projects, helping to accelerate the flow of climate finance to developing countries. Earlier in her career, as Director of the Energy, Environment and Climate Change Department at the African Development Bank, Ms. Cheikhrouhou oversaw the Bank’s lending and policy dialogue related to energy and climate change in Africa, securing Board approval for more than $3 billion of Bank funding to the sector, with a sharp increase in renewables.
“I’m looking forward to joining Bobby and the team at Kupanda Capital,” she was quoted as sayng in the statement announcing the appointment. “While at the African Development Bank, we were able to lead initiatives that had a transformative impact on the continent, I am even more excited about the bold and creative enterprises we’ll build together through the Kupanda platform.”