Feronia appoints Wale Adeoson, Kalaa Mpinga and Larry Seruma to its Board as Non-Executive Directors

– CANADA, Toronto – Feronia Inc. (TSX-V:FRN) today announces changes to its board of directors following the recent completion of the share subscription by Straight KKM 2 Limited.

Mr. Walé F. Adeoson, Mr. Kalaa Mpinga and Mr. Larry Seruma join the Board as non-executive directors nominated by Straight KKM 2 Limited, whilst Mr. Nigel Gourley has stepped down as a non-executive director.

Walé F. Adeosun is Founder and Chief Investment Officer of Kuramo Asset Management (“Kuramo”), an independent investment management firm that provides targeted global investment management services to institutional clients and ultra-high net worth individuals, with a focus on alternative assets in emerging and frontier markets. Prior to founding Kuramo, Mr. Adeosun was Treasurer and CIO at Rensselaer Polytechnic Institute where he oversaw $850 million in endowment and pension assets and he also served as Chair of the Investment Advisory Committee for the $180 Billion New York State Common Retirement Fund. Mr. Adeosun was appointed to President Obama’s Advisory Council on Doing Business in Africa and was a member of the Sub-Saharan Africa Committee of the Board of the Export-Import Bank of the United States.

Kalaa Mpinga is a successful Congolese entrepreneur with extensive experience of doing business throughout Africa. Founder and former Chief Executive Officer of Mwana Africa PLC (now Asa Resource Group Plc), Mr. Mpinga has also held a number of senior positions in different locations around the world including with Anglo American Corporation in South Africa and Bechtel Corporation in San Francisco. Mr. Mpinga holds a MSc in International Agricultural Development from the University of California, Davis and a BSc in Agricultural Economics from McGill University, Canada.

Larry Seruma is Chief Investment Officer and Managing Principal of Nile Capital Management, advisor to the Nile Africa Funds which focus principally on investment opportunities in Africa and frontier and emerging economies. Mr. Seruma has over 25 years of experience in portfolio management, investment research and quantitative investment strategies and, prior to founding Nile Capital Management, was a Principal at Barclays Global Investors. Mr. Seruma also serves on the Board for the Segal Family Foundation, which focuses on improving the quality of life in Sub Saharan Africa. He has an MBA in Analytic Finance and Statistics from the Booth School of Business, The University of Chicago.

Frank Braeken, Chairman of Feronia commented: “It is with great pleasure that I welcome Walé, Kalaa and Larry to the Board. They collectively have a considerable amount of knowledge and experience with regards to investing and operating in Africa, and I am sure that their addition to the Board will prove to be hugely beneficial.”

“I would like to thank Nigel for his contribution as a non-executive director over the past seven years and wish him all the very best for the future.”

For more information : http://www.feronia.com

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Talent4Boards Team

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