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Report: Investment firm appoints ex-South Africa finance minister chairperson

Arise BV, a South Africa-based investment firm focusing on sub-Saharan African financial service providers, appointed former South African Finance Minister Nhlanhla Nene chairperson of its supervisory board, Business Report reported May 30.

Nene, who is currently a nonexecutive director at Allan Gray Ltd. and a resident adviser for Thebe Investment Corp., will move to his new role June 1.

Arise was set up in 2016 by Rabobank, Norfund and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV.