The Team

Afolabi Oladele


Following a successful career in the oil & gas industry, Afolabi joined African Capital Alliance (ACA) in 1999.

He is responsible for leading ACA's investments in the oil & gas sector. Afolabi has worked with many of ACA's portfolio companies in various value-adding roles, including serving on boards and providing the interface with the oil & gas industry. Prior to joining ACA, Afolabi had 20 years of experience in the oil & gas industry. He was part of the senior management team for Addax, one of the most successful independent oil companies to have grown out of Africa. Most of his career was with the Nigerian National Petroleum Corporation ("NNPC") where he served in various capacities culminating in his appointment as Group Executive Director for the downstream operations in 1995. While employed with NNPC, he was seconded at different times to OPEC, Mobil USA and Total France. He currently serves as a director on the board of various companies including Deltatek/Delta Afrik, Addax and Oryx Group. Afolabi, a Fellow of the Nigerian Society of Engineers, holds a Bachelors degree in Chemical Engineering and post-graduate certificates in petroleum economics and management.