Ghana: Ozwald Boateng to Fund African Infrastructure Projects

28 November 2011

African visionary and international designer, Ozwald Boateng, in collaboration with Nigerian businessman, Kola Aluko, and Nigerian oil and gas company, Atlantic Energy Drilling Concepts Limited, "Atlantic Energy," has agreed to establish a multi-million dollar charitable organisation, Made in Africa Foundation, to focus on first-stage funding of infrastructure projects in Africa.

The Foundation will provide "first mile" finance to Africans and African businesses involved in the development of major infrastructure projects in the region. Finance will be awarded for the drafting of feasibility studies and business plans ahead of seeking project finance from sources such as private equity, development finance institutions and commercial banks.

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