AAIC aims to invest in fast growing companies within the Healthcare sector in Africa. The focus will be to provide growth capital as well as long term value to assist companies in improving their performance and expansion.
Create a sustainable growth model.
Synergize Japan's strength with developing country growth — combine people, funds, knowledge and information. Realize a mutually beneficial relationship for Japan and developing countries, providing all necessary support to ensure the sustainability of the companies we invest in.
Shaping the future together.
Establish an extensive team whose experience and contacts will provide market insights and relationships critical to the ability to execute investments and add value to portfolio companies.
Team
Director / CEO (Tokyo and Singapore)
Susumu Tsubaki
Director (Shanghai)
Hideya Tanaka
Director (Singapore)
Shigeru Handa
Principal (Kenya)
Hiroki Ishida
Principal (Nigeria)
Nobuhiko Ichimiya
Associate (Kenya)
David Ndegwa
Analyst (Kenya)
Ruth Nyakio
Associate (Singapore)
Jeslin Goh
Advisors
Africa Healthcare Adviser
Dr. Amit N. Thakker
Senior Adviser
Yoshiyuki Sato
Senior Adviser
Masayuki Tamagawa
Senior Adviser
Hiroshi Ishino
Susumu Tsubaki
Director / CEO (Tokyo and Singapore)
In 2008, Tsubaki founded the Asia Africa Investment and Consulting (AAIC) and was appointed Representative Director and Partner. 2013, he has established AAIC Investment, the fund management arm of AAIC, and has been the Director/ CEO since the establishment.
He carries out new business development, market entry support, M&A, partner sourcing support, business conversion support, etc. through consulting and investment in developing countries including China, Southeast Asia, India, the Middle East, and Africa. In 2014, he formed Japan's first Africa-focused fund and implemented operations. He currently manages the Africa Healthcare Fund (AHF1 and AHF2).
Co-author of "Hyper-accelerated Africa Economy: Future Business Map Changed by LEAPFROG" (Toyo Keizai Inc.), he has authored numerous publications and given many lectures.
Tsubaki is a Master of Business Administration (MBA) Professor at the Business Breakthrough University. Tsubaki graduated from The University of Tokyo College of Arts and Sciences.
Hideya Tanaka
Director (Shanghai)
Since 2002, Hideya Tanaka has been exclusively involved in the launch of advertising media business and HR business in China. He has worked on business planning, marketing, human resources, recruitment, finance, legal affairs, government affairs, and other major management issues associated with the launch of the China business.
In 2008, he founded Pan Asia Partners Inc. Ltd. (now AAIC) and became a partner. He is mainly responsible for business strategy planning, marketing, research, business establishment and operation, and management support services in Greater China and Southeast Asia.
In recent years, he has focused on the expansion of wide-area business through China, Asia, and Africa.
Bachelor of Arts in Commerce from Waseda University.
Shigeru Handa
Director (Singapore)
Shigeru Handa is a seasoned professional with over 20 years of business development consulting experience in the private sector, venture capital investments as well as international development, especially in emerging countries.
At Boston Consulting Group, Handa provided a variety of business processes and strategies. At UNDP Iraq, he designed methods for financing, provided fiduciary monitoring on economic infrastructure projects, such as energy, healthcare.
Handa joined AAIC in 2015. He is in charge of sourcing, evaluating innovative businesses, investment as well as advising companies on formulating their business and partnership strategies for entering the markets in Africa, the Middle East and Eastern Europe.
Board members of 6 start ups including Africa Healthcare Network.
He holds a Bachelor of Law from Kyoto University, a Master of Public Administration and a Master of Accounting, both, from the University of Southern California (USC), USA.
Hiroki Ishida
Principal (Kenya)
Hiroki Ishida is a Principal (Africa) of AAIC. Ishida started his career at Mitsubishi UFJ Trust and Banking Corporation. Ishida experienced operations, sales, and planning in the corporate sector and mastered a significant amount of financial knowledge. After completing an M.B.A, Ishida joined Accenture Japan Ltd. and participated in several projects: offshore development for an automobile-related company in emerging Asian countries, merger of foreign financial institutions, etc.
Ishida holds a Bachelor of Arts (in Managerial Accounting) from Kobe University, and an M.B.A from The Chinese University of Hong Kong.
Nobuhiko Ichimiya
Principal (Nigeria)
Nobuhiko Ichimiya is a Manager of AAIC. He was CFO of an E-commerce start-up company in Rwanda invested by one of the biggest Japanese IT companies and led the finance team to work on the implementation of the governance prior to joining AAIC.
Ichimiya engaged in the power infrastructure industry on IPP/IWPP for 7 years. He served as a Senior Manager — Commercial and Finance at Marubeni Power Asset Management in Abu Dhabi, UAE, for 3 years.
Ichimiya holds a Bachelor of Arts in Commerce from Waseda University.
David Ndegwa
Associate (Kenya)
David worked at Ernst & Young LLP as an audit assistant where he specialized in the audit of Not-For-Profit Organizations before joining AAIC.
At AAIC, he is an Associate in charge of commercial and financial due diligence.
He holds a Bachelor's Degree in Commerce specializing in Finance and Accounting from Strathmore University.
Ruth Nyakio
Analyst (Kenya)
Ruth is an analyst and a data scientist at AAIC. Prior to joining AAIC, Ruth was a Data Scientist at an accelerator supporting early-stage tech start-ups in Africa where she was involved in the entire due diligence process and worked closely with tech founders.
She holds a Bachelor of Science in Computer Science from Ashesi University, Ghana and has completed accelerated courses in Data Science and Corporate Finance and Financial Modelling.
Jeslin Goh
Associate (Singapore)
Jeslin is an associate in charge of fund management.
She has a working experience as an audit associate at audit firm and as a finance assistant at bank.
She is a graduate from Singapore Management University, holding a Bachelor's Degree in Accountancy.
Dr. Amit N. Thakker
Africa Healthcare Adviser
Dr. Amit N. Thakker is a high-level healthcare expert with 30+ years' experience in health service delivery, health financing and health policy formulation. A visionary entrepreneur & an industry captain, Dr. Amit N. Thakker, has been a ground breaking pioneer in the integration of private sector within the health system in Africa.
He is the Executive Chairman of Africa Health Business, President of Africa Healthcare Federation and serves as a Director with LumiraDx & Ghanima Limited.
Dr. Thakker has a Bachelor's in medicine and surgery from the University of Nairobi, Kenya and an Executive MBA from the National Insurance Academy (NIA) in India. He has also completed a Health Leadership training from George Washington University, USA.
Yoshiyuki Sato
Senior Adviser
Mr Yoshiyuki Sato is a Senior Advisor (Africa Representative) of AAIC.
Mr Sato worked at a Japanese fiber company, Toray in Kenya from 1966 to 1970. In 1974, he established Kenya Nuts Company, and over 35 years he built it into Kenya's largest nuts company. The company's main business is the manufacture, processing, and sale of macadamia nuts, and the production of chocolates, wine, and coffee, and has net sales of 50 million USD and more than 4,000 employees.
In 2008, he established a public sanitation company in Rwanda utilizing the features of bacteria Organic Solutions Rwanda.
Mr Sato graduated from the Indian and Pakistani Languages Department at Tokyo University of Foreign Studies with a degree in Linguistics and studied at the University of Ghana.
Masayuki Tamagawa
Senior Adviser
Mr Tamagawa has started his career in the Ministry of Finance in 1981.
He has accumulated vast experience as the Director of Planning and Research Office for International Affairs, Financial Planning Bureau, Deputy Director of Monetary and Financial Systems Bureau, International Monetary Fund (IMF), Director of Budget Development Management System, Asian Development Bank (ADB), Head of Asia Representative Office of African Development Bank (AfDB).
Currently a specially appointed professor and managing director of Kogakuin University.
Graduated from the University of Tokyo and obtained his Master of Philosophy, Politics and Economics from the University of Oxford.
Hiroshi Ishino
Senior Adviser
Mr Hiroshi Ishino worked for Mitsubishi Corporation in the Middle East, China, Thailand, and other countries in the automobile business.
Mr Ishino joined Kansai Paint in 2003 and was appointed as a Deputy General Manager of the International Division in 2006. In 2013, he was appointed as President and Representative Director and proposed a strategy for Kansai Paint to become the world's number one company in the paint industry through M&A and to expand sales in emerging countries, including Africa.
He has been an advisor for AAIC since April 2019.
Mr Ishino graduated from the University of Tokyo Faculty of Law in 1975 and holds an MBA from Wharton Business School in 1982.