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Africa50 to mobilise $1 billion for infrastructure projects in Africa

Jul 24, 2016 - CPI Financial

Africa50 held its first Annual General Meeting(AGM) on 21 July 2016.

During its first meeting, Africa50 revealed two more country members and two more institutional investors, Bank Al Maghrib of Morocco and the Central Bank of West Africa States, BCEAO.

Africa50 was formed by 20 African countries and the African Development Bank (AfDB) in July 2015 with a total $830 million in initial share capital.

TheChairmanof Africa50 and President of AfDB, Akinwumi A. Adesina, presented ac...