Malik Faraoun joins Neo Themis as Investment Director, an expansion that reflects the Themis’ growth in Sub Saharan Africa’s energy market and aims to support continued innovation and scaling of its operations.
Casablanca, 1 November 2019 – Neo Themis (Themis), an Africa-centric power development and investment company, has announced scaling of its team by adding a new investment director, Malik Faraoun, to extend its investment capabilities in the energy infrastructure space.
Themis aims to contribute to lowering the large power deficit in Sub Saharan Africa, where it perceives a lack of well-structured quality and bankable projects inhibiting economic development. Themis’s purpose-led strategy focuses on value creation throughout project lifecycle, from origination to commercial operation, of primarily renewable and clean energy projects across several sub-sectors and technologies.
Malik Faraoun has joined Themis from the World Economic Forum, where he was serving as a Director, leading strategy for Middle East and Northern Africa operations. Malik has 15 years of experience in project finance with significant professional experience accumulated in originating, structuring and executing privately led projects and public-private partnerships in Sub Saharan Africa. He also worked at Africa50 as the Principal Investment Officer and one of the founding members as well as the Senior Investment Officer at the African Development Bank where he led closing of over a dozen project finance transactions amounting USD 1.5 bn investment which has facilitated around USD 13 billion of project total costs . Malik holds an Executive Masters in Global Leadership degree a joint program of Columbia University, Wharton, INSEAD, London Business School and China Europe International Business School.
Tas Anvaripour, Chief Executive Officer of Themis, commented; “I am very excited to welcome Malik, to Themis. We have known Malik for many years and could not be more pleased to have him join us. At Themis, he will build on his proven track record at the World Economic Forum, Africa50 and African Development Bank and his vast experience will benefit Themis significantly.”
Marc Mandaba, Chief Investment Officer, stated: “On behalf of Themis, I am pleased to welcome Malik to Themis. His track record of operational excellence will be of massive benefit to Themis and all its investors as we grow in Africa’s energy infrastructure space.”
Malik Faraoun, Investment Director, said: “I am very pleased to join a team with such breadth of experience, knowledge and drive for success. It is for me an ideal platform to contribute my part in providing reliable, affordable and sustainable energy in Africa. I look forward to my collaboration with the leadership team including Tas and Marc, as well as executives and team members of Themis.
About Themis
Themis is a leading project developer and investor with an exclusive focus on incremental renewable power generation assets in Sub Saharan Africa. The team, headquartered in Casablanca, Morocco, has a proven track record in Africa and extensive execution capabilities. Themis landmark references include the EUR195 million 44MW hydroelectric plant in Côte d’Ivoire, which reached financial close in 2018 and the USD900 million 200MW hydroelectric plant in Madagascar which is in financing stage.
