Africa50 – Project Development and Africa50 – Project Finance
Acronym: Africa50
General Information
Identification Code: 474936251269-44
Website: [object Object]
Entity Form: Africa50 – Project Development and Africa50 – Project Finance, each an international organization with its headquarters at Tour Ivoire 3, 8éme étage, Marina de Casablanca, Boulevard des Almohades, Casablanca, Morocco
Registration Category: Companies & groups
Registration Date: 9/19/2023
EP Accredited Number: 0
Mission & Interests
Goals: As part of the 2012 Declaration on the Programme for Infrastructure Development in Africa (PIDA), African heads of states called for innovative solutions to accelerate the delivery of infrastructure on the African continent as part of the African Union's Agenda 2063.In response, and after broad consultation with its stakeholders, the African Development Bank announced the establishment of Africa50 – Project Development and Africa50 – Project Finance, investment vehicles under one umbrella, conceived to be part of the solution to the continent’s infrastructure challenges.
The Alliance for Green Infrastructure in Africa (AGIA) is an African and execution-led solution for an accelerated transition to Net-Zero, with a cohesive and inclusive approach to climate finance, created by Africa50, the African Union Commission (AUC) and the African Development Bank (AfDB). AGIA will be managed in part by Africa50 and is looking to raise US$ 400m from founding partners such as the EBRD, EIB, AfD.
Interests Represented: Promotes their own interests or the collective interests of their members
Interests:
- Climate action
- Energy
- Transport
Levels of Interest:
- national
Activities
Main EU Legislative Proposals: Guidelines II.5, heading 14 b for Palacio and Asociados/Salesas Tres Centro de Estudios to assist on AGIA
Legislative initiatives related to the Green Deal or the Global Gateway.
The EU’s Sustainable Finance Disclosure Regulation and related taxonomy on green climate investments
Communication Activities: Marketing of AGIA for the targeting funding and to make announcements as a first step at COP28 on commitments.
AGIA is a platform that seeks to raise US$400m of blended finance capital to prepare, develop and finance a transformative pipeline of green infrastructure projects in Africa, with the aim to accelerate Africa’s just and equitable transition to Net-Zero.
We look to work with the EU Commision and EU International Partnerships on their COP28 pavilion and in 2024 to formally be fundraising.
Inter-institutional or Unofficial Groupings: N/A
Head Office
Address: Tour Ivoire 3, 8éme étage, Marina de Casablanca,Boulevard des Almohades
Post Code: 20000
City: Casablanca, Morocco
Country: MOROCCO
Phone: [object Object]
EU Office
Address: Tour Ivoire 3, 8éme étage, Marina de Casablanca,Boulevard des Almohades
Post Code: 20000
City: Casablanca, Morocco
Country: MOROCCO
Phone: [object Object]
Financial Data
New Organisation: false
Closed Year: [object Object]
Current Year: [object Object]
Membership Information
Members10 Percent: 1
Members25 Percent: 2
Members50 Percent: 1
Members75 Percent: 2
Members: 6
Members F T E: 2.5999999046325684
Info Members: The number of persons involved in the activities described include
The CEO Alain Ebobisse (10%)
The COO Tshepidi Moremong and Senior Director Strategy and IR Jon-Pierre Fourie (25% each)
Members of our project development team (1 FTE at 50%)
The Director Strategy Molly Omolara Gbodimowo and Senior Associate IR Cyndia kipchumba Nguli (75% each)
We have met with Ms C. Lobillo Borrero and Mr I. Valero Ladron on AGIA and Africa50's active participation in the EU COP28 Pavilion and will be having further engagements with the EU senior leadership.
Structure
Structure Type: Structure
Is Member Of: Pelase https://www.africa50.com/our-company/structure-governance/
Organisation Members: Please see https://www.africa50.com/our-company/our-partners/