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African Development Bank (Abidjan)

Africa50 Constitutive General Assembly Held in Casablanca

Africa50 - an innovative infrastructure investment platform sponsored by the African Development Bank held its Constitutive General Assembly on 29 July 2015 in Casablanca, Morocco. Representatives of 24 African countries who have subscribed for an aggregate amount of USD 830 million will attend this historic event.

"For a long time, we have relied on external financing to fund our infrastructure. Now is the time to mobilize sovereign African savings to build the Africa of tomorrow" Donald Kaberuka, President of AfDB and Chairman of Africa50

Africa50 aims to significantly narrow Africa's infrastructure financing gap by delivering transformative national and regional infrastructure projects thereby spurring Africa's growth and prosperity.

Africa50 is an Investment Bank for Infrastructure in Africa that focuses on high-impact national and regional projects in the energy, transport, ICT and water sectors.

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