NEWSROOM
Sangena Investments Joins DAI’s Southern African Subsidiary
Author: DAI
Date: May 12, 2010

DAI is pleased to announce that we have joined forces with Sangena Investments of Johannesburg, South Africa, to provide new leadership to our Johannesburg-based subsidiary, ECIAfrica.


The agreement, which was finalized last week, includes a commitment by both organizations for Sangena to acquire substantial ownership in ECIAfrica during the next few years. Principals from Sangena who are joining ECI and comprising a new executive team include Dr. Claudia Manning, who will serve as ECIAfrica managing director, Bahle Sibisi, and Sangaylan Moodliar. The three will join ECIAfrica’s Sipho Dayel in guiding the ongoing growth and development of DAI's southern African subsidiary.


DAI’s Denis Gallagher, the current ECIAfrica managing director, supervised formation of the partnership and is working with the Sangena team as it implements a smooth transition and handover.


Launched in 1994 as a joint venture between DAI and South African development experts, ECIAfrica remains a strategic partner of DAI with deep corporate ties to the company, including overlapping history, personnel, and mission. ECIAfrica benefits from seamless cooperation with DAI and access to the company's global network of resources, technical expertise, and project management systems.


Sangena Investments is a South African consulting and investment company with strong expertise in economic development, infrastructure finance, and industrial and trade policy issues.


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