All On Board of Directors appoints Caroline Eboumbou as new CEO

The All On Board of Directors is pleased to announce the appointment of Mrs. Caroline Eboumbou as the new Chief Executive Officer of All On after a broad search and rigorous interview process.

A determined pan-Africanist, Caroline Eboumbou is passionate about private sector and economic development, to which she has dedicated her career. She is arriving from The Rockefeller Foundation as an Investment Director and has worked with the Rockefeller Foundation-funded All On Hub.

Caroline joined The Rockefeller Foundation in 2018 as a Director based in Nairobi, Kenya. In that capacity, her role focused on driving large-scale impact through the Foundation’s Power investments in Africa, as well as on mobilizing significant financing for extending electricity access globally. With over 600 million Africans unserved by traditional grid infrastructure, she oversaw an innovative portfolio of grants and investments aimed at realizing the full potential of mini grids, while advancing more effective integrated electrification planning and investment across key markets. More recently, Caroline was deeply involved in the strategic design and ongoing implementation of the recently launched Global Energy Alliance for People and Planet.

Prior to joining The Rockefeller Foundation, Caroline worked for the African Development Bank in Tunis and Nairobi, and in private equity focusing on construction and long-term equity financing for solar photovoltaic projects in emerging markets. In these roles, she gained substantial project finance experience and worked on transformative projects to bring electricity to people across Africa.

Her project experience spans Francophone and Anglophone countries, and ranges in scope from power generation to transmission projects in both private sector-led and public-private partnerships.

“I am honoured to join All On, a company that has demonstrated its commitment and efficiency as a true agent of change by supporting those delivering services in underserved and un-served off-grid energy markets in Nigeria. I look forward to working

with the All On team, Board, investees and the wider off-grid energy sector to support and develop a dynamic and robust eco-system in Nigeria and beyond for the years to come,” said Caroline.

Mr. Osagie Okunbor, All On Board Chairman added, “We are thrilled to continue working even more closely with Caroline and confident that her wealth of experience and skills will be an asset to All On.” Caroline will relocate to Lagos and is expected to resume work on September 1, 2022.

All On, an independent impact investing company, was seeded with funding from Shell, and works with partners to increase access to commercial energy products and services for unserved and underserved off-grid energy markets in Nigeria, with a special focus on the Niger Delta. All On invests in off-grid energy solutions spanning solar, wind, hydro, biomass and gas technologies deployed by both foreign and local access-to-energy companies that complement available grid power across Nigeria and help bridge its significant energy gap.