South African Tim Souter takes on CFO role at Appzone Group


Tim Souter joins Appzone while continuing to manage several other interests.

South African Tim Souter has taken on the role of CFO at Appzone Group. Tim is a seasoned expert with over 15 years of financial leadership experience across several industries and sectors, including technology, telecoms, financial and investment services.

Prior to joining Appzone, Tim served as a partner at Ethos Private EquitySA where he was responsible for origination, execution and portfolio management of the tech and telecommunications sectors. A UK resident, Tim joins the Appzone Group while continuing to manage several other interests and will be commuting regularly between Nigeria and the UK.

Tim has an extensive network in both the investment and financial services and telecoms sectors in Africa, and possesses an intricate understanding of managing capital structures, currencies and critical stakeholders.

Tim was also involved in several non-technology, media, and telecommunications (TMT) businesses during his time at Ethos, and his portfolio operated and invested across more than 10 countries in sub-Saharan Africa.

Tim served as non-executive director on the board of Eaton Towers, an independent tower company present in six countries. He more recently sat on the board of Echo, a corporate ISP, where he played an instrumental role in expanding the business into eight additional African countries through acquisition.

Prior to his role at Ethos, Tim was part of the EMEA TMT advisory team at Macquarie Capital, based in Johannesburg and Chicago.

He holds a master of finance degree from INSEAD, a bachelor of business science from the University of Cape Town and is a CFA charter holder.

CEO Obi Emetarom said, “We are delighted to have Tim join Appzone. He is an experienced finance professional with a demonstrated history of leadership in the financial services industry across sub-Saharan Africa, and his broad financial and strategic experience, particularly his understanding of how technology is reshaping the financial services industry, will be an asset to us.”

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