Africa50 Fund Willing to Invest in Morocco, Turn it into Hub to Invest in Other African Countries, CEO
Marrakesh, 10/11/2016 (MAP) – The Africa50 Fund is willing to invest in Morocco and turn it into a hub to invest in other African countries, said its Chief Executive Officer (CEO), Alain Ebobissé.
“In Morocco, we intend not only to carry out investments, but also to work with Moroccan companies in order to invest in other African countries,” Ebobissé told MAP on the sidelines of his participation in COP22.
Regarding the Fund’s strategy to fight climate change, the CEO said that Africa50 can capitalize up to 50% of its funding in renewable energy if profitable projects are presented to the board.
“We want to finance projects that are profitable and have a positive impact,” said Ebobissé, adding that the approach of the bank is to finance projects with sufficient profitability compared to risk.
Africa50 is an Investment Bank for Infrastructure in Africa that focuses on high-impact national and regional projects in the energy, transport, ICT and water sectors.