Africa50 is established as a corporation operating on fully commercial terms. It is an autonomous entity, legally and financially independent from the Bank Group. Africa50 was officially incorporated in Morocco on 4 September 2014, with its temporary headquarters located in the offices of the Casablanca Finance City Authority.
Consistent with the best practices of commercial financial institutions, the governance framework of Africa50 revolves around the following corporate bodies: (i) the annual general meeting of shareholders (AGM); (ii) the Board of Directors; (iii) the Board Committees; (iv) the Management; and (v) the Management Committees.
The Board of Africa50 is composed of:
- Dr. Akinwumi A. Adesina, Chairman of the Board
- Charles Boamah, Board member; Vice-President, Finance, AfDB
- Nouaman Al Aissami, Board member; Deputy Director of the Treasury and External Finance, Kingdom of Morocco
Chief Executive Officer
Alain Ebobissé, CEO