African Agriculture Inc. Holdings Welcomes Mr. Osman Ahmed, Managing Director and Head of Private Equity at 10X Capital, to its Board of Directors

New York, Dec. 18, 2023 (GLOBE NEWSWIRE) -- African Agriculture Holdings Inc. (Nasdaq:AAGR), a pioneering company operating a commercial-scale alfalfa farm in Senegal and dedicated to food security for the coming century, today welcomed Osman Ahmed, Managing Director and Head of Private Equity at 10X Capital to its Board of Directors, in conjunction with the closing of the business combination, previously announced on December 6, 2023.

Before joining 10X Capital, Mr. Ahmed was the CEO of Founder SPAC, a $321 million special purpose acquisition company focused on digital transformation. Founder SPAC successfully completed its merger with Rubicon Technologies (NYSE: RBT) in August 2022. Previously, Mr. Ahmed was an investor at KCK Group, a private markets investor. He also served as CFO of Beehive Industries, a KCK Group Portfolio company. He previously held roles at Volition Capital, Scale Venture Partners, and Stifel Financial. Throughout his career, Mr. Ahmed has executed leveraged buyouts, special situations, and growth equity investments in technology, business services, industrials, and healthcare. Prior closed deals by Mr. Ahmed include Harvest Food Distributors, Sherwood Food Distributors, Hibernia Networks (acquired by GTT), RingCentral, TraceLink, Al Fakher Tobacco, Better.com, and others. Mr. Ahmed holds a B.S. in Computer Science from the University of Southern California and an M.B.A. from the University of Chicago Booth School of Business. He sits on the Board of Directors of Rubicon Technologies (NYSE: RBT) and is the company’s lead independent director.

"With great enthusiasm, we welcome Mr. Ahmed to the board of African Agriculture,” said Alan Kessler, Chairman and CEO of African Agriculture, Inc. “With a distinguished career spanning diverse sectors, achievements in strategic investments, and being a visionary leader, Mr. Ahmed’s insights, leadership, and strategic foresight will be complementary in continuing to propel African Agriculture forward as we rapidly expand our agricultural production on the African continent.”

Mr. Ahmed will join distinguished board members, including:

Ambassador Modest Jonathan Mero is the outgoing Ambassador and Permanent Representative of the United Republic of Tanzania to the United Nations and was his country’s Permanent Representative to the United Nations, the World Trade Organization, and all international organizations in Geneva. He was accredited to the International Atomic Energy Agency, United Nations Industrial Organization, Comprehensive Nuclear-Test-Ban Treaty Organization, and the United Nations system in Austria. Ambassador Mero was a senior economist at the Ministry of Industry and Trade and Trade policy adviser to the Executive Secretary of the Southern African Development Community. He holds a B.S. degree from the University of Dar es Salaam in the United Republic of Tanzania and a master’s degree in finance from University of Strathclyde in the United Kingdom.