Mr Peter Maila has been appointed as the chief executive of Zvilo Africa, with the mandate to strengthen the company’s market footprint on the continent and help the business go for growth.
The working capital lender provides funding support to businesses in the European Union (EU), Türkiye, Africa, and the Middle East.
Zvilo services local and cross-border trade finance needs of entire supply chains, ensuring businesses have the working capital they need, when they need it, for sustainable long-term growth.
“I am thrilled to join Zvilo at such an exciting time, as Zvilo seek to strengthen its market footprint into Africa and help drive its expansion across the continent.
“The senior team at Zvilo – led by my old colleague Admir Imami – is determined to go for growth, which is why we have both dedicated ourselves to the business,” Mr Maila said of his appointment.
“We are thrilled to welcome Peter Maila to the Zvilo team as our CEO of Zvilo Africa. He will bring exceptional experience and depth of expertise in in investing and building a book of business, both from an African perspective but also from risk, regulatory and governance perspectives.
“His appointment will dramatically strengthen the leadership team by adding deep strategic insight, which will be pivotal in driving growth in the African continent, attracting impactful partners, maximising value and helping reduce the African 120bn trade gap,” the chief executive of Zvilo, Mr Admir Imami, stated.
Mr Maila brings 30-years of finance and investment experience to Zvilo, where he worked for African and international banks, where he has been instrumental in investments worth over $2 billion in Africa and South Asia over the last 15 years in FMCG, Infrastructure (incl. renewable energy), Real Estate and TMT (incl. FinTech) using both debt, mezzanine and equity instruments.
He joined the firm from FMO, the Netherlands-based entrepreneurial development bank where he was Co-Chief Investment Officer covering its private equity and emerging markets team.
Zvilo has ambitious plans to help reduce the 2.5 trillion global trade gap, of which $120 billion is in Africa.