Business
Made In Africa Foundation Co-Founder Ozwald Boateng partners with African Development Bank to launch Africa50 fund – the largest infrastructure development investment fund
Quintin E. Primo concurs, noting that “Capri Global Capital, along with the African Development Bank and the Made In Africa Foundation, believe that the promise of Africa is now. The extraordinary growth potential of the continent cannot be truly unlocked until critical infrastructure investments are conceived, championed and delivered. But these projects must not be charity. Rather, they must be commercially viable projects in which investors can responsibly invest. And ideally, they should not only be high impact, but offer attractive risk-adjusted returns.”
Oswald Boateng adds compelling perspective to the effort, noting that “Africa has reached a moment in time where Africans on the continent, and in the wider diaspora, are looking to effect a positive and permanent transformation of their continent that will, in turn, transform the growth potential of earth as a whole. With only 10 percent of Africa’s trade done between countries on the continent, compared to 60 to 70 percent in Europe and elsewhere, infrastructure – from railways that connect us and lights in the dark to clean water and homes worthy of the name – will enable Africa to achieve its full growth potential.”
Kola Aluko agrees that “the African Development Bank and Made In Africa Foundation initiative will act as a catalyst for growth across sectors and provide employment and spread wealth, focusing on commercially viable infrastructure projects that will build Africa – we have a duty as Africans to support our continent’s development.”
About the Made In Africa Foundation: The Made In Africa Foundation was founded in 2011 by Ozwald Boateng, Kola Aluko and Atlantic Energy to support and fund master plans and feasibility studies for transformational and large scale developments and infrastructure projects across the African continent. More information about the foundation at http://www.madeinafricafoundation.co.uk.
About Atlantic Energy: Atlantic Energy is a private upstream oil and gas company founded by Nigerian and international Exploration & Production executives with an extensive track record, market-leading insight and experience in the Nigerian independent Exploration & Production sector.
The company operates in Nigeria, but is looking to expand further onto the African continent. Atlantic Energy is currently a significant partner in multiple Oilfields in Nigeria. More information about Atlantic Energy is available at http://www.atlanticenergy.com.
SOURCE Made in Africa Foundation
