Peter is an experienced African entrepreneur and business investor serving on the board of several corporations and non-governmental organisations in Africa and beyond.
Peter currently serves as Chairman of the board of director of African Financial Services Limited (AFS), a rapidly growing micro-finance business specializing in the provision of consumer credit products across Africa. AFS is headquartered in Mauritius and licensed by the Bank of Ghana.
Prior to AFS Peter was a founder, and for a decade, CEO and a board member at Gateway Communications, a start-up African business that grew to became a highly successful pan-African telecommunications group with business operations in 14 African countries. Peter exited the business after the acquisition by Vodacom in 2008.
In 2007 Peter joined the board of JA Worldwide and was elected vice-Chairman for Africa in 2010. JA is the largest organisation in the world specialising in financial literacy, entrepreneurship and education through delivery of hands-on learning programs.
Peter has held senior executive positions with Citibank, BT North America and NetSource Communications. As a PADI qualified scuba diver, Peter enjoys travelling, especially around Africa. Peter holds a Bachelor of Science degree from the University of Birmingham.
Joshua Mortoti is a veteran mining sector executive with high level experience in the largest gold mining companies in the world – in particular, Newmont Mining and AngloGold Ashanti.
Having joined Newmont in 2006, Joshua currently serves as its Africa, Business Planning Regional Director. In recent years he has overseen Newmont’s capital effectiveness programme for Africa and led efforts to build an independent power plant with a consortium of mines and government authorities in Ghana.
Whilst with AngloGold, Joshua took a lead role in the conclusion of term sheets for principal mines and power supply including for the Ahafo and Akyem mines in Ghana. He also coordinated initiatives that eventually resulted in significant reductions in per ounce production costs.
This experience has allowed Joshua to act as an industry representative in the crafting of Ghana’s current mining law and to make the economic case for mining in select forest areas.
Joshua is also a member of the Ghanaian Energy Commission Technical Committee, which oversees the running of the domestic electricity market, and led the team that created the legislative instrument behind the Bulk Power Consumer Class.
Mr. Applegate has a proven track-record of negotiating and delivering highly complex and successful energy projects and M&A deals.
Mr. Applegate currently represents companies seeking to establish a presence in the United Arab Emirates. In West Africa, he supports project developers seeking to develop long-term cost-competitive natural gas/LNG fueled projects in West Africa. In 2014, he assisted Kuwait Petroleum Corporation to conclude LNG import contracts with Qatargas, Shell and BP.
As a member of EDF’s Natural Gas Directors’ Committee, Mr. Applegate took a leading role in building EDF’s gas business, including securing EDF’s participation in Gazprom’s South Stream gas pipeline project, EDF’s first LNG purchase, securing the rights to develop the Dunkirk LNG receiving terminal and negotiating EDF’s first investment in a producing gas field in the UK North Sea. Before EDF Mr. Applegate worked in the Total’s upstream division for seven years in France and Indonesia working on natural gas/LNG/LPG sales and marketing, IPPs, project finance and upstream deals around the world.
Mr. Applegate’s involvement in West Africa began in 1998 when he negotiated Total’s first Gabonese farmin into two off-shore licenses. He also gained valuable experience developing numerous commercial initiatives in Nigeria, Ghana and the Ivory Coast for the purchase or sale of natural gas as fuel for power generation.
Mr. Applegate is a dual-national (U.S.-Italian) and speaks English, French and Italian fluently. He holds an MBA from HEC in France, a law degree (Juris Doctorate) from Suffolk University in Bosto and holds a Bachelor of Arts in International Relations and Renaissance Art History from Washington University (St. Louis).