Africa50 Sets New Benchmark in Infrastructure Financing, Surpasses $1.4B in Managed Assets
Cote Dlvoire, Aug. 13 -- Africa50, the investment platform established by African governments and the African Development Bank, said on Wednesday it has surpassed $1.4 billion in managed assets, marking an extraordinary transformation from one staff member to a continental powerhouse driving Africa's infrastructure revolution.The disclosure was made at the General Shareholders Meeting of the platform in Maputo, the capital of Mozambique, attended by the country's President, Daniel Chapo, President of the African Development Bank Group, Dr Akinwumi Adesina, and numerous dignitaries and representatives of development partners. From humble beginnings to continental cloutDr Adesina told the gathering that the total value of Africa50's portfolio...
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