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Africa50 to unveil new shareholders, investment results in Nairobi 19 July

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Nairobi, Kenya, July 10 (Infosplusgabon) - Africa50, the pan-African infrastructure investment platform, holds its third general shareholders' meeting on 19 July, 2018, in Nairobi, Kenya

 

The event, which for the first time is being held in East Africa, will be opened by President Uhuru Kenyatta of Kenya.

 

African Development Bank (AfDB) President, Akinwumi Adesina, who also chairs Africa50's Board of Directors, will deliver a keynote address on Africa50's key role in closing the continent's infrastructure financing gap, which would oscillate between 68 and 108 billion US dollars a year.

 

The Managing Director of Africa50, Alain Ebobissé, will present the operational and strategic balance sheet of the fundraising, capital increase and investment activities, including an overview of the projects currently under study.

 

He will also unveil the new shareholder countries that have joined the Africa50 fund.

 

Ebobissé will then proceed to the presentation of the members of his management team, now in full.

 

The Nairobi Assembly will bring together several African ministers and other senior government officials, representing the country's shareholders.

 

Business leaders and economic leaders from Kenya, and others from Africa and elsewhere, are also expected.

 

The General Assembly participants will review Africa50's activities in 2017 before approving its financial statements.

 

"This is a major event," said Ebobissé. And to add: "Africa50 is more than ever in a position to fulfill its mandate. In just two years of operation, we have brought together private and public stakeholders, and more broadly, the pan-African and international development finance community.

 

"The General Shareholders' Meeting is an opportunity to report on the status of our strategic program and to strengthen our shared vision and commitment to accelerate infrastructure development in Africa."

 

Africa50's shareholding is made up of 25 African states, the AfDB, the Central Bank of West African States (BCEAO) and the Al-Maghrib Bank.

 

To date, the committed capital is more than US$ 800 million.

 

Africa50 is an infrastructure investment platform that aims to contribute to Africa's growth. The fund's mandate is to develop and invest in viable projects, act as a catalyst for public funds to mobilize private capital, while combining competitive returns and development impact.

 

FIN/INFOSPLUSGABON/LKJ/GABON 2018

 

 

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