Africa50 Infrastructure Fund seeks Chief Executive Officer
Africa50, a landmark investment vehicle, focused exclusively on Africa’s infrastructure development opportunities, is seeking a Chief Executive Officer (CEO).
Africa50 was incorporated in Casablanca, Morocco in September 2014. It is an African-led initiative with early capital commitments from African governments, and African Development Bank as its cornerstone investor.
Africa50 will target investments in high-impact national and regional projects in the energy, transport, ICT and water sectors. Its critical objective is to shorten the time between project idea and financial close, from a current average of 7 years to under 3 years, thereby delivering a critical mass of infrastructure in Africa in the short-to-medium term.
The job of the CEO is to implement the vision of Africa50 Infrastructure Fund, to facilitate and accelerate infrastructure delivery in Africa, by creating and establishing the organization from the ground to ensure its structure and operations are successful. Together, the Board and CEO will assure Africa50 Infrastructure Fund’s relevance to the communities of Africa, and the accomplishment of the organization’s mission and vision, as well as accountability to its diverse constituents and shareholders.
The CEO will be expected to reside and work in Casablanca, Morocco. Duties and responsibilities will include, among others:
- Governance: Support the Board Chairperson to ensure the Board fulfills its governance functions, and achieves optimum performance.
- Project Development: Leadership for establishing and increasing the number of bankable infrastructure projects in Africa.
- Fundraising Activities to attain the equity targets set for Africa50.
- Project Finance: Leadership for establishing and delivering the financial instruments required to attract additional infrastructure financing to the African continent to support short- and long-term goals.
- Financial Management: Oversee the financial activities of the organization including budgeting, reporting and audit.
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