Infraco Africa executives join boards of directors of Infracredit

Infracredit, a ‘AAA’ rated specialised infrastructure credit guarantee institution, backed by the Nigerian Sovereign Investment Authority (NSIA), Private Infrastructure Development Group companies GuarantCo and Infraco Africa, KFW Development Bank, Africa Finance Corporation and African Development Bank, on Wednesday announced the appointment of Gilles J. Vaes, CEO Infraco Africa and Claire Jarratt, Chief Investment Officer, Infraco Africa to its Board of Directors as Non-Executive Directors representing Infraco Africa’s equity investment in Infra-Credit.

Gilles J. Vaes is an energy specialist, with a rare blend of business and investment strategy skill sets. Gilles has over two decades hands-on experience in the energy sector, working with some of the largest energy providers in Africa, Asia and Europe.

As the Chief Executive Officer of Infraco Africa Limited, Gilles has overall responsibility for fulfilling Infraco Africa’s vision of alleviating poverty by mobilizing private sector expertise and finance to develop high quality infrastructure projects in sub-saharan Africa.

Previously, Gilles was at different times senior strategy and risk analyst, project manager, project engineer, and head of business development in leading global manufacturing and energy companies, including Engie, Electrabel, Calidda and Etex Group. Vaes, a keen advocate of environmental sustainability, is passionate about socioeconomic development models that improve living standards and committed to innovations in infrastructure financing and development. Gilles is an alumnus of prestigious George Washington University and Catholic University of Louvain, where he had his post-graduate degrees - MBA (Finance) and MSC. (Civil Engineering) respectively. Gilles is a multilingual – speaks English, French, Spanish and Dutch fluently; semi-fluent in Romanian and learning Arabic.