Africa50 Aims to Grow Equity Base to 5 Billion US Dollars

TLDR

• Ebobisse highlighted Africa50’s achievements over the past decade, noting that the pan-African infrastructure investor has backed 36 projects in 34 African countries, mobilizing more than 9 billion US dollars in.
• Looking ahead, Africa50 aims to grow its equity base to 5bn US dollars , a move expected to catalyze up to 30bn US dollars in infrastructure investments across Africa.
• Speaking at the Infra for Africa Forum and Africa50 General Shareholders Meeting in Dar es Salaam, Africa50 Chief Executive Officer Alain Ebobisse said the initiative will be guided by gas-producing shareholder.