[ad_1]
Kenyan President Uhuru Kenyatta announced on July 19, 2018 in Nairobi that his country would double its stake in Africa Africa's pan-African infrastructure investment platform, bringing its current investment to $ 100 million.
Third general meeting of shareholders, he expressed his support for the mission of Africa50.
"Kenya will double its investment in Africa50 to $ 100 million.We believe this investment is justified," he said, noting that Africa50 plans to develop a 300-km construction project high voltage electricity transmission lines in western Kenya that would accelerate socioeconomic development in this region. call to develop and fund bankable infrastructure projects to boost Africa's growth.
"The private sector needs to step up and help us bridge the infrastructure gap on the African continent." In his opening remarks, Akinwumi Adesina, President of the African Development Bank Group and President of the African Development Bank, said: Board of Directors of Africa50, said: "We must act quickly and urgently.Our people expect nothing else."
He emphasized the importance to improve the frameworks of public-private partnerships for financing infrastructure.
"It is there that the role of Africa50 becomes very important," he said, calling on other countries that have not yet become shareholders of Africa50 to do so.
Alain Ebobissé, CEO of Africa50, thanked President Kenyatta and President Adesina The presence and support underscored the urgent need to end more infrastructure projects and meet growing needs the continent, which can not be provided solely by public funds.
"I believe that this happens when enough public and private sector stakeholders realize that the opportunity costs of late implementation of the project are too high." According to Ebobissé,
he explained Given its agility and rapid decision-making process, Africa50 had the capacity to respond quickly to the needs of its stakeholders and could deploy capital from private and public sources throughout the life cycle process. projects, to implement projects quickly
The opening ceremony brought together African ministers of finance and central bank governors, as well as business leaders from the continent and from Africa. elsewhere
. door session, where they reviewed the activities of Africa50 2017, approved its financial statements and engaged management on its long-term strategy. wanda officially joined Africa50, becoming the 26th state-owned African shareholder of the institution.
After two years of operation, Africa50 has become a key player in infrastructure investment with commercial rates of return in Africa, helping to bridge the continent's estimated infrastructure financing gap of 108 billions of dollars.
It mobilized more than $ 850 million in committed capital from its shareholders including the African Development Bank, 26 African countries and 2 central banks.
Africa50 has made significant investments in a number of shareholder countries, including Egypt (400 megawatt solar plants), Nigeria (100 megawatt solar plants in the state of Jigawa) and Senegal (central). 120 megawatt combined cycle heat pump
Source link
