Africa50, the pan-African infrastructure platform, will host its
third General Shareholders Meeting (GSM) in Nairobi, Kenya on 19 July
at Villa Rosa Kempinski Hotel. President Uhuru Kenyatta will open the
meeting, which is taking place for the first time in East Africa.
Henry Rotich, the Cabinet Secretary for the National Treasury in
Kenya, will also attend.
Akinwumi
Adesina, President of the African Development Bank and Chairman of
the Africa50 Board of Directors, will give a keynote address on the
critical role that Africa50 is playing to bridge the continent’s
infrastructure funding gap, estimated at US$108 billion annually.
Africa50
CEO, Alain Ebobisse will provide operational and strategic updates on
fundraising and capital increase activities, including an overview of
the fund’s growing investment pipeline and announce new shareholder
countries. Ebobisse will also present the new members of his Senior
Leadership Team which is now fully constituted.
African
Ministers and other senior government officials representing
Africa50’s shareholder countries, as well as distinguished business
leaders from Kenya, Africa and beyond will attend the meeting.
Delegates will review Africa50’s 2017 activities and approve its
financial statements.
“This
is a landmark event”, stated Africa50 CEO, Alain Ebobisse. “More
than ever, Africa50 is in a position to deliver its mandate. In just
two years of operation, Africa50 has brought together key players
from Africa’s public and private sectors and the broader
pan-African and international development finance community. The
General Shareholders Meeting will be an occasion to provide an
account of progress made in our strategic agenda and further
consolidate our shared vision and commitment to
accelerating infrastructure development in Africa.”
Africa50’s
investor base is currently composed of 25 African countries, the
African Development Bank, the Central Bank of West African States
(BCEAO), and Bank Al-Maghrib, with over US$800 million in committed
capital.
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