Africa50 is a pan-African infrastructure investment platform founded by the African Development Bank and African states following a 2012 African Union declaration calling for innovative solutions to close the continent’s infrastructure financing gap. Headquartered in Casablanca, Morocco, and launched in 2014, Africa50 held its Constitutive General Assembly in 2015 with around $700 million in initial capital subscriptions from 20 African states and the AfDB; its shareholder base has since grown to 38, including 33 African countries plus institutions such as the Central Bank of West African States and the Public Investment Corporation. Alain Ebobissé serves as CEO, with AfDB President Dr Sidi Ould Tah’s predecessor Akinwumi Adesina having chaired the board through much of the platform’s growth. Africa50 manages multiple investment vehicles, including the Infrastructure Acceleration Fund and the Alliance for Green Infrastructure in Africa Project Development Fund (AGIA-PD), and has become one of the continent’s most active infrastructure capital mobilisers.
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