Africa50, the pan-African infrastructure investment platform, and the Commission of West African Economic and Monetary Union (WAEMU) signed an agreement aimed at advancing regional development and financing of bankable projects within the WAEMU region.
The agreement was signed on the sidelines of the 2023 Annual Meetings of the World Bank Group and the International Monetary Fund in Marrakech, Morocco. It identifies three target sectors for collaboration: Transport – with specific focus on Joint-Border Posts, Energy, and Information & Communications Technologies (ICT).
Under the agreement, Africa50 will identify and develop a robust pipeline of projects to be considered for financing. The organization will leverage its extensive expertise in project development to expedite the delivery of these projects and bolster sustainable economic growth across the continent.
Through this collaboration, the two entities will work together to attract additional capital into regional infrastructure projects within the WAEMU region.
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