Papa Madiaw Ndiaye, born in Senegal, is the Founding Partner and CEO of Advanced Finance and Investment Group (AFIG) Funds.
AFIG Funds is a Mauritius registered private equity fund management company established in 2005 with its main office in Dakar (Senegal) and additional offices in Johannesburg (South Africa) and Washington DC (United States).
AFIG Funds maiden fund is the Atlantic Coast Regional Fund (ACRF), a $72 million regional fund focused on growth equity investments in 29 countries in West and Central Africa.
Prior to founding AFIG Funds, Ndiaye was Investment Director at Emerging Markets Partnership in Washington, DC.
He was one of three partners who raised the $407 million AIG African Infrastructure Fund which, when launched in 2000, was the largest ever pan-African Fund, about 30% net annual return to date.
Prior to joining EMP, he held senior responsibilities for IFC’s equity and debt investment activities in capital markets and financial institutions in Africa between 1996 and 2000 and helped launch several landmark funds in Africa.
Ndiaye spent the early part of his career at Salomon Brothers and joined JP Morgan Emerging Markets Group in 1992.
In 1994, he launched JP Morgan Securities Trading in Africa and the Middle East.
In 2000, he launched MIDROC BVI, a direct investment vehicle for Sheikh Mohammed Al-Amoudi, a lead investor in the AIG African Infrastructure Fund.
Ndiaye holds an MBA Degree from the Wharton School of Business, an MA in International Affairs from the University of Pennsylvania’s Lauder Institute and a BA in Economics from Harvard College.
In 2004, he was selected as a Young Global Leader by the World Economic Forum of Davos and then as one of the Frontier 100 CEOs of the Initiative for Global Development in 2009.