President Yoweri Kaguta Museveni has today held a meeting with Africa 50 CEO Alain Ebobisse and Ms. Carole Wamuyu Wainanina, the Chief Operating Officer at Park Hyatt Hotel in New York, United States of America.
President Museveni who is in New York to attend the 72nd Session of the United Nations General Assembly and his visitors discussed how the private sector could play a significant role in delivering the infrastructure that is necessary to support strong economic growth in Africa.
Africa 50 is an investment Bank for infrastructure in Africa that focuses on high impact national and regional projects in energy, transport and water sectors.
In 2012, in their Declaration on the Program for Infrastructure Development in Africa, African Heads of State called for innovative solutions to accelerate infrastructure delivery. After broad consultations with African stakeholders, the African Development Bank established a new investment vehicle called Africa 50.
The Minister of Foreign Affairs Sam Kutesa and Uganda’s Permanent Representative to the United Nations Adonia Ayebare attended the meeting.