Africa50 Pledges Support for Shareholders Madagascar and Burkina Faso at Paris Conferences
On December 2, at the Madagascar Donors and Investors Conference, Africa50 CEO Alain Ebobisse spoke during the plenary panel: “Investment Perspectives: Business Climate, Structuring Projects, Public-Private Partnerships.” He emphasized how Africa50 can act as a bridge to its 23 government shareholders to speed up the implementation of projects. He promised to work with both international and local investors and to support projects in the early stages. He stressed that Africa50 is different from other institutions providing financing, since it will “strive to do just a few things, but well.”
By leveraging its capital of $830 million, Africa50 could help Madagascar implement projects in the energy and transport sectors worth over $1 billion
On December 8, Mr. Ebobisse joined the private sector session at the Burkina Faso Partners’ Conference for the Financing of the National Plan for Economic and Social Development (PNDES). During the session, which was hosted by Prime Minister Paul Kaba Thieba (seated, in center), donors and private sector executives expressed interest in financing projects proposed by the government.
Mr. Ebobisse used the opportunity to describe how Africa50 can help speed up infrastructure investments and pledged his strong support for Burkina Faso.