Aleksander Sarapuli, Co-Country Director
Martin Mata, Co- Country DirectorStr.”Ibrahim Rugova”
“Green Park” Complex,
Tower 2, Floor 11
P.O. Box. 1731, Tirana-Albania
Tel: +355 4 2222408
Fax: +355 4 2271952 Web: www.aaef.com
The Albanian-American Enterprise Fund (“AAEF”) is a non-for-profit, US corporation established pursuant to the Support for East European Democracy Act of 1989. Its primary purpose is to promote the private sector development of Albania. To accomplish this, the AAEF invests in a wide array of private enterprises, disseminates western business know-how, and, when appropriate, proposes changes to government policies affecting business.
The AAEF was incorporated in 1995 with a committed capital is US$ 30 million. AAEF maintains offices in Tirana, Albania and New York, USA. Management is under the guidance of a Board of Directors, who are individually selected for their knowledge of investing and appointed by the President of the United States.
The AAEF is managed by a skilled team of financial professionals with a combined of more than 60 years of specific experience investing in emerging economies and, in particular, the Albanian private sector.
The AAEF has made 63 investments in 26 companies investing over $68 million. The companies AAEF have invested created over 3,000 jobs.
The AAEF is interested in financing projects in all regions of Albania and in all sectors of the Albanian economy. Actual projects of AAEF include:
Purchase and development of industrial/commercial real estate
Creation of a liquefied petroleum gas (LPG) distribution company
Purchase of hand soap processing equipment
Purchase of an asphalt production plant
Construction of a metal fabrication factory
Debt restructuring for a brick company
Construction of a warehouse/cutting factory for marble processing company
Purchasing of packaging lines for a food processing company
Construction of a car dealership showroom, offices, and service area
Importation of commodities and agricultural inputs
Construction of a metal pipes manufacturing plant
The AAEF offers financing and management assistance to private Albanian companies, formerly state-owned enterprises in the process of being privatized, Albanian-Western joint ventures, and Western firms interested in becoming involved in Albania. The AAEF endeavors to identify and invest in enterprises that have good prospects of being commercially viable, are capable of meeting international standards of quality, promote local manufacturing, create jobs and exports, and are environmentally safe. The AAEF seeks to be a “partner in progress”.
Aleksander Sarapuli, Director
Martin Mata, Director
Greta Angjeli, Senior Investment Officer
Armand Frangu, Investment Officer
Asllan Hila, Chief Accountant
Board of Directors
Michael D. Granoff, Chairman
CEO, Pomona Capital
Domenick G. Scaglione, Chairman Emeritus
Chairman and CEO, Intercontinental Investment Services Inc.
Former USAID Mission Director in Albania
Chief Operating Officer, I-flex solutions, inc.
Douglas G. Carlston
Chief Executing Officer, Tawala Systems
James H. Duffy, Esq.
Thomas J. Murtagh
former U.S. Assistant Deputy Under Secretary of Defense