Africa50 announced today the creation of a new Fund to be called the Africa50 Infrastructure Acceleration Fund, which is aimed at catalyzing further investment flows into African infrastructure. Africa50 named African private equity executive, Mr. Vincent Le Guennou, to lead this new entity, with the objective of raising US$500 million in multiple closings, for investment across the continent.
On the occasion of the announcement, Alain Ebobissé, CEO of Africa50, declared: “Sponsoring the Africa50 Infrastructure Acceleration Fund is a critical pillar of Africa50’s capital mobilization strategy. It will enable us to tap into a different pool of investors as well as long-term savings to increase Africa's infrastructure investment capabilities. Attracting more private sector capital is key to relieving already-constrained public budgets and contributing to the continent’s growth and post-pandemic recovery. I am delighted to welcome Vincent as the CEO of this new Africa50-backed fund. He brings international stature and considerable experience in structuring transformational private equity deals across Africa. His strategic results-driven leadership and impressive record as an innovative thinker will be strong assets that underpin the success of the Fund.”
Vincent Le Guennou said about his nomination: “Having devoted my professional life to investing in Africa’s private sector, I have seen firsthand the need for improved infrastructure to support business competitiveness and accelerate growth. Infrastructure is an asset class that I know well and have invested in over the years. I am pleased to join the Africa50 Group to lead this new infrastructure fund at such a crucial time in our continent’s development. I am excited by the opportunity to build a successful investment vehicle backed by a strong African investor with the goal to deliver attractive returns and excellent development impact.”
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