Our people

Board & Investment Committee

KEITH PALMER
Chairman and Founder

Keith is the Chairman and founding sponsor of AgDevCo and brings to the business a wealth of social investment experience across developing countries. Keith has founded several organisations.  He was the intellectual architect and Chairman of InfraCo, an infrastructure project development company operating in Africa and Asia, the founder Chairman of the Emerging Africa Infrastructure Fund, an African debt fund, a founder board member of GuarantCo, an infrastructure loan guarantee facility and, until 2013, the Chairman of CEPA, an economic and financial consultancy.  He was Vice Chairman of Rothschild, the international investment bank, and worked for the World Bank and IMF, has held senior positions in the public sector in Tanzania and Papua New Guinea, and was an Honorary Professor at the University of Dundee Centre for Energy, Petroleum and Mineral Law and Policy.

Other current positions:  Keith is special advisor to the Private Infrastructure Development Group (PIDG), which mobilises private sector investment to develop infrastructure in developing countries and founder and Chair of Enterprise for Development, a UK charity that promotes pro-poor social enterprise in sub-Saharan Africa.

Joined AgDevCo: 2009
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DANIEL HULLS
CEO

Daniel is an investment, public policy and development professional with over 25 years of experience in both the private and public sectors. Daniel is an experienced investor and senior manager who has played an important role in AgDevCo’s development since 2011.  He has strong ties with Africa having been born in Tanzania and having worked across the continent since 2001.  Daniel was the founding director of CEPA (a UK-based finance and economics consultancy) and was Managing Director until 2009. Prior to that, he worked for N M Rothschild in project finance and asset sales; and at the UK Treasury. Daniel has a BA in History and Economics from Oxford University and an MSc in Economics from University College London.  He was a non-executive Director and Chair of the finance and audit committee at Community Housing Group.

Joined AgDevCo: 2011
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CHRIS ISAAC
Managing Director

Chris is one of AgDevCo’s founding directors. He has been working on development finance issues in Africa for the past 15 years, including two extended periods living overseas. Chris’ experience includes working in infrastructure project development at InfraCo Africa, as an economic adviser for the UK’s Department for International Development and as an adviser and speechwriter to the Minister of Finance in the Namibian government. His career started as a corporate finance specialist with Arthur Andersen in London, after completing the prestigious Arthur Andersen scholarship programme. Chris has economics degrees from University College, Oxford (BA Hons) and the London School of Economics (MSc) and holds an advanced qualification in investment appraisal. His responsibilities at AgDevCo include being the senior investment director responsible for East Africa (Rwanda, Uganda, Malawi and Kenya) and West Africa (Ghana, Sierra Leone, Ivory Coast and Senegal).  


Other current positions: Chris is a member of AgDevCo’s Board and Executive Committee. He also holds a number of board positions in AgDevCo’s subsidiary and investee companies.

Joined AgDevCo: 2009
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PETER McSPORRAN
Non-Executive Director

Peter is a qualified financial advisor in the Zambian agribusiness market, following a long career in Southern African agriculture. Peter, who has been a successful farmer for 28 years, was a major figure in the agricultural market liberalisation in Zimbabwe, having been President of the Commercial Farmers Union. For many years he was a board member of Seed Co and the Tanganda Tea Co. Peter was also Chairman of the Zambian Agricultural Commodity Exchange (ZAMACE), which he helped to establish.

Other current positions: Peter is a Founder and Director of Agricultural Advisors International, a consultancy company based in Zambia. Peter is also a consultant to Barclays Bank Zambia, ZANACO and Stanbic Bank, and a director of Golden Lay Agriculture (Zambia) and Farm Engineering Malawi.

 

Joined AgDevCo: 2009
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VALENTINE CHITALU
Vice Chair

Valentine is an entrepreneur in Southern Africa, specialising in private equity and local private sector development and attracting local and foreign investment into Africa. Valentine worked previously for CDC/Actis in London and Lusaka, specialising in deal origination throughout Southern Africa and portfolio management in Zambia and Malawi. He was also Chief Executive Officer at the Zambia Privatisation Agency. Valentine is a UK qualified Accountant and holds a Masters Degree in Development Economics from Cambridge University in the United Kingdom.

Other current positions: Valentine holds several board positions in Zambia, Australia, South Africa and the United Kingdom and is Chairman of Zambian Breweries, MTN (Zambia) Limited and ALBIDON (Zambia) Limited. He also has an investment portfolio in the financial, mining and agriculture sectors.

Joined AgDevCo: 2009
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Anna Rebollini
Non-Executive Director (Chair of the Audit and Risk Committee)

Anna is an associate of the Chartered Institute of Management Accountants. Her international experience covers the complete life cycle of a business venture, including the establishment and funding of an agricultural investment company, financial management of operating companies in agriculture and publishing, acquisitions and disposals of quoted and unquoted investments in agriculture and mining and the solvent dissolution of an investment company to return over $300m in cash to shareholders. She has worked with UK, Brazilian, Russian and Canadian companies.  Anna is finance director of Genagro Ltd, a Brazilian agricultural land development business. She was previously finance director of Galahad Gold plc and International Molybdenum plc, both of which were quoted on the AIM Market of the London Stock Exchange. Anna joined AgDevCo’s audit and risk committee in June 2015.

Joined AgDevCo: June 2015
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FRANCES REID
Non-Executive Director

Frances has over 35 years of investment experience in developing and developed markets. Most of her work has been in emerging markets, particularly in Asia, Africa and Eastern Europe. Her experience covers a range of financial activities, including corporate finance, private equity, investment management, debt restructuring and development of proprietary financial products. Frances has worked most recently as a Senior Investment and Risk Officer at the Millennium Challenge Corporation, with responsibility for agency-level investment processes, risk management, portfolio analysis and strategic planning. Prior to that, she was a Senior Policy Adviser to the Undersecretary for International Affairs at the U.S. Treasury, having previously spent eight years at the European Bank for Reconstruction and Development (EBRD), where she focused on direct investment and corporate finance.
 

Other current positions: Frances is currently the Chief Investment Officer for the CDC Group. In this capacity, she is responsible for managing CDC's investment decision-making process and chairing the Investment Committee.

Joined AgDevCo: September 2015
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NICK ROUSE
Member of the Investment Committee

Nick has over 40 years of experience in banking, infrastructure and risk management in sub-Saharan Africa and other emerging markets. Before joining Frontier Markets in 2002, Nick worked for Barclays Bank for 33 years, including running Barclays Corporate Business in East Africa.

 

Other current positions: Nick is the Chairman of the Credit Investment Committee of CDC, and also non-executive director of Frontier Markets Fund Managers, the fund manager of the Emerging Africa Infrastructure Fund and GuarantCo.

Joined AgDevCo: 2012
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Andrew Tillery
Managing Director

Andrew is responsible for the review and quality control of all investments across the business. He oversees the Zambia, Tanzania and Mozambique regions within AgDevCo. He has 30 years of experience in agribusiness including as CEO of greenfield start-ups in Africa and as investment director of a large private equity firm based in Nairobi. He holds two Masters degrees from Oxford University and an MBA from the University of Chicago. Andrew serves as a non-executive director on 3 African agribusiness boards and is a former adviser to several agribusiness investment funds in sub-Saharan Africa. 

 

Joined AgDevCo: 2016
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GEOFF TYLER
Member of the Investment Committee

Geoff provides advisory services for agribusiness development in emerging markets and has over 30 years’ experience in agribusiness investment in Africa. During his 16-year tenure with CDC Group Geoff held a number of leadership positions, including Country Manager for Zambia, Regional Investment Manager for West Africa and global Director of Agribusiness, Food and Beverages. Subsequently  he served as a non-executive Chairman of Mpongwe Development Corporation in Zambia and contributed to World Bank studies of African commercial agribusiness development.

Other current positions: Geoff is also Senior Agribusiness Advisor to Cambridge Economic Policy Associates; and Independent Member of the Investment Committee of Tenet Investment Capital.

Joined AgDevCo: 2011
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