Home BUSINESS AFRIKA : Guinea and DRC join Africa 50 fund.

AFRIKA : Guinea and DRC join Africa 50 fund.

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At the end of its general meetings held in Dakar on 12 September 2017, the Africa 50 fund recorded the entry of two new shareholders. These are the Democratic Republic of Congo (DRC) and Guinea.

Present at the opening session, President Macky Sall of Senegal reiterated his support for the fund as a catalyst for the private sector and for financing infrastructure. As for AfDB President Akinwimi Adesina, he called for the involvement of the private sector to fill the infrastructure gap in Africa. This gap is estimated to be between 30 and 40 billion dollars per year by 2025.

The AfDB will work closely with Africa 40 in the energy sector. For its part, the CEO of the Africa 40 fund, Alain Ebobisse, highlighted the role of the private sector in financing infrastructure.

Source : FinancialAfrik.