In Marrakech, at its general assembly of shareholders, the Africa50 fund – an African Development Bank subsidiary in charge of infrastructure – took a step towards the continent's sovereign wealth funds.
Alain Ebobissé, the CEO of Africa50, and Akinwumi Adesina, AfDB President, signed a framework agreement on 19 July with Obaid Amrane, the head of Ithmar Capital, which oversees the new Africa Sovereign Investors Forum. The trio intends to strengthen Africa50’s collaboration “with a large number of African sovereign wealth funds to help bridge the infrastructure gap on the continent”, according to the platform’s director.Also receive offers from The Africa Report
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