Feronia Inc. announced changes to its board of directors following the recent completion of the share subscription by Straight KKM 2 Limited. Mr. Walé F. Adeoson, Mr. Kalaa Mpinga and Mr. Larry Seruma join the Board as non-executive directors nominated by Straight KKM 2 Limited, whilst Mr. Nigel Gourley has stepped down as a non-executive director. Walé F. Adeosun is Founder and Chief Investment Officer of Kuramo Asset Management. Prior to founding Kuramo, Mr. Adeosun was Treasurer and CIO at Rensselaer Polytechnic Institute and he also served as Chair of the Investment Advisory Committee for the New York State Common Retirement Fund. Mr. Adeosun was appointed to President Obama's Advisory Council on Doing Business in Africa and was a member of the Sub-Saharan Africa Committee of the Board of the Export-Import Bank of the United States. Kalaa Mpinga is a successful Congolese entrepreneur with extensive experience of doing business throughout Africa. Founder and former Chief Executive Officer of Mwana Africa PLC (now Asa Resource Group Plc), Mr. Mpinga has also held a number of senior positions in different locations around the world including with Anglo American Corporation in South Africa and Bechtel Corporation in San Francisco. Larry Seruma is Chief Investment Officer and Managing Principal of Nile Capital Management, advisor to the Nile Africa Funds which focus principally on investment opportunities in Africa and frontier and emerging economies. Mr. Seruma has over 25 years of experience in portfolio management, investment research and quantitative investment strategies and, prior to founding Nile Capital Management, was a Principal at Barclays Global Investors. Mr. Seruma also serves on the Board for the Segal Family Foundation, which focuses on improving the quality of life in Sub Saharan Africa.