Africa50 appoints CEO for its Infrastructure Acceleration Fund
Sérgio Pimenta will lead the Africa50 Infrastructure Acceleration Fund.
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Africa50, the pan-African infrastructure investor and multi-vehicle asset manager, today announced the appointment of Sérgio Pimenta as chief executive officer of the Africa50 Infrastructure Acceleration Fund (IAF).
Pimenta brings over 25 years of experience at the International Finance Corporation, where he most recently served as vice president for Africa.
Pimenta will help accelerate Africa50 IAF’s mission to mobilise large-scale commercial and institutional capital and facilitate investments that contribute towards closing the continent’s infrastructure gap.
Commenting on his appointment, Sérgio Pimenta said, “I am honoured to join the Africa50 Group to lead the Infrastructure Acceleration Fund. It is a pioneering platform that strengthens global momentum for deploying private sector capital and unlocking Africa’s tremendous potential. Together with the team and our partners, I look forward to scaling a pipeline of transformative, bankable projects that power regional trade, drive sustainable growth, and create jobs across the continent to improve the lives of people.”
Alain Ebobissé, CEO of Africa50 Group, said: “We are delighted to welcome Sérgio to lead this important aspect of our business. His profound expertise in capital mobilisation, combined with his in-depth knowledge of the African and global emerging markets, will be instrumental in supporting Africa50 IAF in achieving its strategic goals and accelerating the delivery of high-impact infrastructure projects across the continent. I am confident that Sérgio will help us deliver a solid investment portfolio, affirming Africa50 IAF’s role as a key investment vehicle for investors ready to partner in Africa’s growth.”
The Africa50 IAF, a 12-year closed-ended private equity fund, has to date secured $275 million of capital commitments from 22 African and global institutional investors.
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