You are here
Highlights – Board Meeting of 14 November 2018
The Board noted that the above-mentioned proposal aims to make equity investments in a diversified manner on sectors spanning roads, ports & logistics, mid-stream energy, airports, power transmission & distribution, thermal power, and renewable energy. Board members welcomed, among other things, the project’s contribution to infrastructure development and regional integration as well as its alignment with the Bank’s investment priorities. They, however, encouraged Management to ensure that the Fund managers increase focus on renewable energy, gender inclusiveness, and ensure high social and environmental safeguards in the Fund’s investment. EDs underscored the need for the Fund to attract new investors and mobilise the private sector. At the end of the deliberations, the Board approved the equity participation in the African Infrastructure Investment Fund 3.