Development Partners International (DPI), a prominent Africa-focused investment firm, has announced a significant leadership transition. Effective April 1, 2026, senior partner Sofiane Lahmar will assume the role of Chief Executive Officer. He succeeds co-founder Runa Alam, who will transition to the position of non-executive chair after nearly two decades at the helm of the organization.
A New Era of Leadership
Lahmar, who has been an integral part of the firm since joining as a senior partner in 2010, represents the next generation of leadership for DPI. His appointment is the culmination of a long-planned succession strategy designed to ensure a seamless handover of responsibilities. This move signals a new chapter for the firm while building on its established foundation of success in the African market.
In a statement, Lahmar expressed his deep honor in succeeding a figure he described as a true pioneer in African investing. He conveyed his gratitude for Alam's foundational vision and leadership, which were instrumental in establishing DPI as a leader in African private equity. Lahmar also shared his excitement for the tremendous opportunities that lie ahead for the firm under his stewardship.
A Legacy of Growth and Impact
The transition marks the end of an era defined by Runa Alam's transformative leadership since co-founding the firm in 2007. Over nearly twenty years, she guided DPI to become one of the largest alternative asset managers on the continent. The firm now manages over $3.5 billion, a testament to her strategic direction and commitment to the region's growth.
Reflecting on her tenure, Alam noted that the firm was built to deliver strong, risk-adjusted returns while creating lasting positive impact. She expressed pride in the value DPI has delivered to its investors, portfolio companies, and the communities where it operates. Her legacy is one of successfully balancing financial performance with meaningful contributions to African economies and societies.
Strategic Continuity and Future Momentum
Looking forward, the firm is poised for continued success with an accomplished and experienced team of partners in place. Lahmar emphasized that with Alam serving as chair, DPI will benefit from strategic continuity and invaluable guidance. This structure ensures the firm maintains its reputation as a strong partner for both investors and management teams across its portfolio.
DPI enters this new chapter with significant momentum, underscored by recent impressive achievements. The firm has returned over $1 billion to investors since 2024 and is continuing its active capital deployment into promising ventures. Furthermore, the recent launch of DPI Venture Capital signals an expansion of its capabilities and a commitment to fostering innovation across the continent.
This carefully orchestrated leadership change at Development Partners International signifies a pivotal moment in its history. The appointment of Sofiane Lahmar ensures fresh perspective while Runa Alam's continued presence provides stability and strategic oversight. With a strong track record and clear forward momentum, DPI is well-positioned to build on its legacy and continue shaping Africa's investment landscape.