Ncondezi Energy announced that Paul Venter has decided to step down as Chief Executive Officer (CEO) and Executive Director. Mr. Venter joined Ncondezi as Chief Operating Officer (COO) in June 2012 and was appointed CEO in February 2013. Mr. Venter helped transition Ncondezi from a mining exploration to a power development company and has been responsible for delivering the Company's power development strategy including the in principle commercial deal that was agreed with EDM in September 2014 and extended in March 2015.

Chris Schutte, Ncondezi's current COO, will take over the day to day project development activities going forward. The company also announced that Mr. Aman Sachdeva has been appointed as a new Non-Executive Director of Ncondezi acting as AFC's nominated director. Mr. Sachdeva is 49 and brings a wealth of experience to the Ncondezi Board having spent more than 20 years in the infrastructure industry, specializing in the energy sector; ranging from project finance, management consulting, regulatory affairs, mergers and acquisitions, power system planning, energy conservation and marketing.

Mr. Sachdeva is currently the founder and CEO of Synergy Consulting, an independent consulting practice with a focus on project finance, which has to date closed projects worth $12 billion.