Africa50 holds its first General Assembly in Casablanca
Africa50 - the new investment platform for financing national and regional infrastructure projects for the structural transformation of African economies - is holding its first constitutive General Assembly this Wednesday 29 July 2015 in Casablanca. The agenda includes an increase in its capital further to new subscriptions from States joining the Kingdom of Morocco as shareholders, the adoption of its articles of association and the appointment of a Board of Directors and other statutory bodies. The meeting will be held in the presence of subscribing member countries.
Africa50, an African Development Bank Group (AfDB) initiative, aims to unlock all the continent's potential for growth and to provide the support and resources needed for rapidly closing infrastructure project funding. It is multidimensional in nature, covering the entire project cycle from idea through to funding. Africa50 is an autonomous entity that is legally and financially independent. It will enjoy a close partnership with AfDB and African countries to facilitate the rapid achievement of development goals. Africa50 is hosted by Casablanca Finance City, Morocco.