Africa50 Delegation Meets Zimbabwe’s Finance Minister; Discusses Support for Power Generation Projects
On March 11, Africa50 CEO Alain Ebobissé paid a courtesy call on Zimbabwe’s Minister of Finance and Economic Development, Hon. Professor Mthuli Ncube, to discuss investment in the country’s infrastructure and potential collaboration with Africa50.
Minister Ncube expressed Zimbabwe’s interest in Africa50 and acknowledged that, as a pan-African investment vehicle focusing on public-private partnerships, it could be a key partner in developing and financing much needed projects in power generation, including solar farms. Mr. Ebobissé underlined Africa50’s commitment to consider such projects in Zimbabwe for potential equity investments. This is in line with the institution’s mandate to accelerate infrastructure development in Africa by identifying medium- to large-scale projects in the energy, transport, and ICT sectors that combine high development impact with attractive returns for investors.
“Africa50 is eager to support Zimbabwe’s infrastructure agenda. We will engage with the relevant local authorities to identify priority projects and define the scope of project development and financing support required for their completion”, said Mr. Ebobissé. He added that one of Africa50’s strengths is rapid decision-making, “once we identify a good project, we ensure an efficient process of getting to financial closure and implementation”.
Later in the day the Africa50 delegation met with the Governor of the Reserve Bank of Zimbabwe, Dr. John Mangudya, and the CEO of the Infrastructure Development Bank of Zimbabwe, Thomas Zondo Sakala.
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