Africa50, the pan-African infrastructure investment platform has announced the appointment of Koffi Klousseh as Director of Project Development.
Africa50 is an infrastructure fund owned by African governments, the African Development Bank, and institutional investors. Its mission is to mobilise long term savings from within and outside Africa and private sector funding to promote infrastructure development in Africa.
A statement by AfDB said, â€œThe appointment of Koffi Klousseh marks another important step in Africa50â€™s mission to facilitate infrastructure development in Africa,â€ said Akinwumi Adesina, President of the African Development Bank and Chairman of the Board of Directors of Africa50.
â€œHis experience and expertise in infrastructure project development, combined with his strong leadership skills, will help Africa50 increase the pipeline of bankable projects ready to be financed.â€
A citizen of Togo, Klousseh is a recognized expert in infrastructure development, with a solid track record in structuring and financing private, and public-private projects in Africa and other emerging markets.
Prior to joining Africa50, Klousseh served as Regional Lead for the World Bank Groupâ€™s Global Infrastructure Project Development Fund (â€œIFC InfraVenturesâ€), where he contributed to creating and executing a pipeline of early stage transactions in the conventional and renewable power sectors. He was also a Principal Investment Officer in the Africa Infrastructure Department of the International Finance Corporation (IFC), leading a team of professionals in executing transactions in the power, water and transport sectors across East Africa.
Prior to joining IFC in 2010, Klousseh held several positions in the financial services industry, including Vice President at Helios Investment Partners, a London-based private equity firm.
Klousseh holds a Master of Public Administration from the Harvard Kennedy School and a Master of Finance from the George Washington University.
â€œI am pleased to join Africa50, which has the challenging but exciting mission of supporting the development and financing of infrastructure in Africa,â€ said Klousseh. â€œI am convinced that this unique institution, with the sponsorship of governments and other public sector stakeholders such as the African Development Bank, will leverage private sector participation to deliver infrastructure projects more efficiently.â€
â€œI am delighted to welcome Koffi,â€ added Africa50 CEO Alain EbobissÃ©, â€œhis in-depth knowledge of developing infrastructure projects from their earliest stages will be a great asset as we speed up infrastructure delivery in Africa.â€