Stephen Douglas Cashin
Chairman & Non-Executive Director
Stephen Douglas Cashin is the founder and CEO of Pan African Capital Group, LLC (PACG). Established in 2004, PACG focuses on three key areas; investment banking and advisory services, asset management, and private equity throughout Africa. PACG has a portfolio of investments primarily in West Africa, with a significant focus in financial services. PACG also advises US and international companies on investments in the infrastructure, natural resources and other areas across the continent.
Stephen was founder and has served as Managing Director and head of the Washington Office of Modern Africa Fund Managers, LLC from 1998 until 2004. He was responsible for identifying the majority of the investors in Modern Africa Growth and Investment Company LLC, a $105 million fund capitalized by private institutional investors and leveraged with the support of the U.S. Overseas Private Investment Corporation. He was integrally involved in identifying and structuring Modern Africa’s investments and management of the portfolio.
He serves on a number of boards including International Bank (Liberia) Limited, one of the strongest and oldest bank in Liberia; Feronia Inc, an agricultural business listed on the Toronto Stock Exchange engaged in acquiring and consolidating farm land and operations in Africa; DiscoveryTel, a communications company carrying traffic into and out of Africa from the US; the Board of Visitors of Georgetown University’s School of Foreign Service; Africare, Better Way Foundation, and the Jesuit Refugee Service/USA.
Stephen served on the board of the Corporate Council on Africa as Vice Chair in 2007 and as a board member from 1999 to 2007; he served on the African Wildlife Foundation as Chair of the Finance Committee from 2005 to 2008. He is a member of the Trade Advisory Committee on Africa (TACA), the Council on Foreign Relations and the Bretton Woods Committee. He was a senior fellow at the Center for Strategic and International Studies and speaks at numerous events focused on the development of Africa’s financial markets. He has participated in numerous initiatives focused on generating growth in the African Markets.
He graduated from the School of Foreign Service at Georgetown University and has his MBA from Boston College.







