About Cloud Africa

Cloud Africa aims to change the nature of financial services extending from the diaspora into and across Africa. Through the power of digital remittances Cloud aims to increase competition, while reducing costs and deepening financial inclusion across the continent.

The Board

Togbe Afede XIV


Mr Togbe Afede, XIV founded Strategic African Securities Ltd., and serves as its Chief Executive Officer. Mr. Afede served as a Lecturer at the Business school, University of Ghana and Executive Director of Databank financial. Services Ltd. Among his major professional accomplishments, he co-founded Databank Financial Services Ltd and founded Strategic Initiatives Ltd and SAS Investment Management Ltd., among others. He is an Investment Banker with experience spanning over twenty (20) years. He serves as Chairman of strategic initiatives Ltd in Accra. Mr. Afede has been a Director of Pioneer Kitchenware Ghana Limited (Alternatively, Pioneer Kitchenware Limited) since January 2002 and serves as its Chairman of the Board. He served as a Non-Executive Director at Bank of Ghana since April 16, 2009 until June 26, 2013. He serves as a Director of National Theatre of Ghana, Accra Hearts of Oak FC Ltd., SAS Investment Management Ltd and Strategic Initiatives Ltd. He has been a Non Executive Director of Aluworks Ltd. since February 2002. He is currently a member of the President's Economic Advisory Council. Mr. Afede holds an MBA degree in Finance from Yale University in USA and a BSc Administration (Accounting) degree from the University of Ghana. Togbe is also the President of the NHC (National House of Chiefs) and therefore the paramount King of traditional rulers across Ghana, he also was recently re-elected Chairman of the Ghana state bank (NIB) and now sits on the council of the State (serving with the President of Ghana and elected members for Ghana)

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Ishmael Yamson

Vice Chairman

Ishmael Yamson is an highly competent business leader and business development professional, with a total of 18 years experience. He combines strong business acumen with exceptional technical and process knowledge, and has a solid track record of delivering business and ICT solutions. Ishmael has a strong entrepreneurial spirit which has seen him build a number of private businesses during the last 17 years. In addition and prior to this, Ishmael worked with a number of sizeable ICT organisations, where he led his teams to deliver commendable results. Highlights include Negotiating and securing a €10m SAP franchise for Ghana, Sierra Leone, Liberia and Gambia to deploy hosted services, executing telecommunications contracts in excess of $1,300,000 in 2007 and secured contracts for a further $5,600,000 over three years and sitting as the current Chairman of WASPAG where he develops and maintains relationships with the NCA (the local regulator), MNOs and the Telecom Chamber.

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Philip Marsden

Non-Executive Director

Dr Philip Marsden is an experienced senior executive and non executive board member, and enforcement decision maker at various UK regulatory bodies including the Bank of England, Financial Conduct Authority and Payment Systems Regulator.

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Simon Vaughan

Investor & Non-Executive Director

Simon is a majority shareholder and investor into Cloud Africa Ltd. He has significant experience working for one of the leading investment banks. Simon is an entrepreneur and angel investor into a number of successful businesses and with brings a strong entrepreneurial know how and network to the table. .

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Management Team

Rajesh Parmar

Co-Founder & Group CEO

Rajesh is the co-founder of Cloud Africa Ltd. He brings a wealth of hands on experience having previously worked for Reuters and Investis in London for 10 years (Investis the leading corporate communications and investor relations company in the UK for web and mobile services providing online innovations to the London Stock Exchange which works for over 70% of the FTSE 100 companies) before moving to Barcelona to head up business development for NFC and beacon technology company Futurlink, a startup backed by La Caixa, the second largest bank in Spain. Under his guidance Cloud Africa has built up a very strong market reputation in Africa. A mobile and technology visionary and one of the early movers into the African region where he commands great respect from his peers in Africa and innovators looking to enter the market. He brings credibility and most importantly trust and gravitas both at the highest level in the African continent and with vendors and partners across the globe looking to successfully deploy products and services in Sub-Saharan Africa.

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Manish Joshi

Head of Compliance at Cloud Africa

Manish who believes “Compliance is a Business Enabler” has over 14 years of experience in financial service industry with strong focus on Cross Border Remittance, Foreign Currency Exchange Solutions and financial technology. Prior to joining Cloud Africa, Manish served various leadership roles in UAE Exchange / Travelex -Finablr owned entities (in Middle East, Europe and UK) as Chief Compliance Officer, Head of Internal Audit, Head of Finance & Remittance Business Development Manager.

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Momodou Semega-janneh

Country Manager The Gambia

Modou is a well respected and influential leader who heads up Cloud Africa's operations in The Gambia. He oversees all operational and commercial matters relating to the FastCash remittance platform and growth of the companies mobile money operations. He brings years of experience within the technology sector and previous roles included driving Google's mapping growth across Africa where he served as an advocate and a regional expert. He brings integrity, gravitas and is a vital part of the Cloud Africa group in its quest to become one of Africas leading FinTechs.

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Nigeria Team

Mayor Esiaba

Country Manager Nigeria

Mayor heads up operations for Cloud Africa's mobile money and Fintech strategy into Nigeria. Mayor has had unique professional experience in commercially focused Brand Management & Digital Marketing with Guaranty Trust Bank plc, Guinness Nigeria plc, Nokia, Microsoft, and most recently Huawei technologies, where he was Head of Marketing & Marketing Leader in the Consumer Business Group for the consolidated marketing function with focus on smartphones, tablets, & wearables.

He holds a Bachelor of Pharmacy (B.Pharm) degree from the School of Pharmacy, University of Benin and is a member of the International Institute of Brand Management.

A wanderlust who has visited 36 countries, Mayor has attended & facilitated peer to peer learning Brand Management, Digital Marketing & Leadership Workshops in Lagos, Accra, Johannesburg, Cape Town, Istanbul, & Europe, whilst working on the development of some of Nigeria’s most iconic Brand properties.

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Lola Odedina


Lola spent 22 years in senior roles across Nigeria’s financial services industry, including Guaranty Trust Bank (GTBank), where she was CCO & Divisional Head, Communications, Media, & External Affairs Division; leading strategic Brand management, Digital marketing, and communications strategy for the Bank, as well as all its subsidiaries.

Lola is a consummate finance professional with experience in core banking and financial services, having had responsibilities in corporate finance, treasury, commercial banking, private banking, & credit functions.

Lola and her team, led the development & execution of the first GTBank Social Media & Digital Marketing programme, which today has positioned the GTBank digital brand as the largest social media brand in Africa, and number three globally. She also stewarded the launch of GTBank’s lifestyle consumer engagement programmes, NDANI, GTBank Food & Drink, Arts 635, SME Market hub & Autism awareness.

She holds a Bachelor of Law degree from the University of Benin, LLB and a BL from the Nigerian Law School, Lagos. She also has a Diploma in Financial management from the University of Ibadan.

Lola has also attended senior management courses at the Lagos Business School, Kellogg School of Business, Columbia Business School, Vega School of Branding, and Euromoney Financial training.

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Ghana Team

Stephen Abormegah

Business Development Manager (Ghana)

Experienced entrepreneur with a demonstrable history of working in the marketing and advertising industry. Skilled in Omni-channel marketing and advertising. Strong business development professional with a MBA focused in Marketing from University of Ghana Business School. Stephen is an ever willing and enthusiastic champion for innovation in Ghana and a connector.

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Ayisi Boafo-Addo

IT Manager (Ghana)

With over 7 years’ experience, he combines strong business acumen with exceptional technical and process knowledge, and has a solid track record of delivering business and ICT solutions. Ayisi worked with Investment Banks and ICT organizations, where he led his teams to deliver laudable results. Ayisi drives the technical implementation of Cloud Africa Ghana's FinTech initiative as the local interface between the banks, telcos and technology vendors.

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