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Mobilization of institutional capital: The African Development Bank and ILX sign a partnership

25/04/2023
Source : ORISHAS FINANCE
Categories: Sectors

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On Sunday, April 23, 2023, a ceremony was held to sign a partnership agreement between the African Development Bank and ILX Management B.V. (ILX). This agreement aims to increase investments and stimulate the mobilization of capital from institutional investors in support of the Sustainable Development Goals and private sector projects focused on combating climate change in Africa.

The signing ceremony took place at the ILX Management offices in Amsterdam, the Netherlands. This cooperation agreement allows the to Banque africaine de développement realize its ambition to mobilize financial resources from institutional investors to fill the gap rsquo; significant funding gap necessary to achieve the bank's five main priorities. These are the “High 5s” which are: “lighting Africa and providing it with energy”, “feeding Africa”, “industrializing Africa”, “integrating Africa” and “improving the quality of life of people in Africa”. sont intrins The “High 5 è quement li es aux Objectifs de d Summer sustainable development (SDGs). Also, this partnership will allow the bank and ILX to support non-sovereign operations in these key priority sectors

.

De même, l' accord offre aux participants au fonds de pension d' ILX l' opportunité de bénéficier de la longue expérience de la Banque africaine de développement for successful investment in key economic sectors across Africa.

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