14 May '18, 11am

African developer Lekela appoints new CFO

African developer Lekela appoints new CFO

Michael Parsons will be responsible for all of Lekela’s financial matters, sit on the company’s executive committee and serve as a director on its operating subsidiary boards. While at Globeleq, he was responsible for managing the company’s finance function, establishing new businesses and strategic projects and overseeing existing operations across Africa, Lekela said. Lekela, a joint venture between investment firm Actis (60%) and a Mainstream Renewable Power-led consortium (40%), is currently developing several wind farms across Africa. "The opportunities for the continent’s renewable sector are huge and I am please to joint the team at an exciting time as several projects move towards financial close," Parsons said. Parsons previously held accounting and finance roles at Actis, African investors CDC Group, merchant banking group Close Brothers Group, and UK bank Natwes...

Full article: https://www.windpowermonthly.com/article/1464603/african-...

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