The Only Ghanaian serving on Tullow Oil Plc and first black Non-Executive Director Tutu Agyare is set to retire by the end of April 2019. 

This was contained in a notice issued to investors by the Oil exploration firm today.

According to the Chair of Tullow Oil PLC, Dorothy Thompson, Tullow is very grateful for his support over the years, “All of the Board join me in thanking Tutu Agyare for his contribution to Tullow over the past nine years.” 

She added that he has been a constant source of wise counsel with his strong financial and commercial expertise and his deep knowledge and understanding of Ghana.    

“I am also delighted to welcome Sheila and Genevieve to the Board of Tullow where their wide experience of both Africa and the resources sector will be invaluable. I look forward to working with them closely over the years to come.”

Who is Tutu Agyare 

Tutu Agyare (age 55, Ghanaian) was appointed as a non-executive Director in August 2010. 

He is currently a Managing Partner at Nubuke Investments, an asset management firm focused solely on Africa, which he founded in 2007. 

Previously, he had a 21-year career with UBS Investment Bank, holding a number of senior positions, most recently as the Head of European Emerging Markets, and served on the Board of Directors.

Tutu Agyare, left UBS Investment Bank in 2007 to found Nubuke. The principals perceived that there were very few managers who truly understood the opportunities available in Africa and fewer still who have the knowledge and contacts that would allow them to exploit such opportunities. 

Nubuke was established to offer investors a diverse platform to access the dynamic economic growth and the structural changes, occurring in key capital markets across the African continent.