Africa50 , the investment platform established by African governments and the African Development Bank , said that it has surpassed 1.4 billion in managed assets, marking an extraordinary transformation from one staff member to a continental powerhouse driving Africas 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.
"Africa50 is a key partner to help us implement this vision to become a reference country in logistics and power. We are transforming ideas into projects to provide employment for the youth and more revenues for the government to invest in economic, social, and sustainable development. Africa50 symbolises the new Africa an Africa that depends on itself, promotes cooperation between Africans and builds shared prosperity."
