Connect with us
NOT IN USE

Watch

Video: Jamie Foxx with his favourite designer, Ozwald Boateng at launch of Africa50 launch

Published

on

Zemanta Related Posts ThumbnailAcademy Award winning actor Jamie Foxx Joins with African Government Officials and Hollywood Stars & Celebs. Made in Africa Foundation (MIAF) has partnered with the AAA-rated African Development Bank (AfDB) to co-manage and market initiatives that will catalyze funding for Africa’s largest infrastructure delivery vehicle created-to-date, the Africa50 Fund. With the critical objective of reducing the timing required to develop infrastructure projects in Africa, Africa50 is the result of experience and innovation. Over the past five years, AfDB has delivered over $5.4 billion in critical infrastructure investment in Africa through private sector and public-private partnership financing. MIAF was founded when internationally renowned Ghanaian-born clothing designer Ozwald Boateng and leading Nigerian entrepreneur Kola Aluko of Atlantic Energy realized that a few hundred million dollars of investment could change the course of economic development for the whole of Africa. The alliance between MIAF and AfDB aims at raising $500 million for Africa50’s project development arm by the first half of 2014. The historic alliance between MIAF and AfDB was introduced at the NASDAQ on September 26, 2013. Ringing the Opening Bell were Oscar-winning actor and longtime MIAF supporter Jamie Foxx; Mr. Boateng; Mr. Aluko; African Union Commission Chairperson Nkosazana Diamini-Zuma; and Sam Kutesa, Uganda’s current Minister of Foreign Affairs and the next president of the United Nations General Assembly. Africa50 will be comprised of two funding arms: Project Development and Project Financing. The first of these arms, Project Development, will be sponsored by MIAF and AfDB and supported by the investment expertise of the US-based investment advisory Capri Global Capital, LLC, founded by African-American fund manager Quintin E. Primo III. The AfDB, Mr. Aluko and Capri Global Capital will work as a financial team to develop unique and impactful financing and investment strategies that will develop the untapped potential of the continent. At a recent meeting of African Central Banks in Mauritius, the AfDB President Donald Kaberuka explained that “to increase the rate of infrastructure delivery in Africa we need to speed up project preparation and project development. The critical objective is to shorten the time between the idea and financial close from a current average of seven years to less than three years.” Tas Anvaripour, head of Africa50, notes, “African infrastructure projects are increasingly capturing the attention of investors worldwide. However, the number of bankable infrastructure projects brought to market is still insufficient, even though they offer an excellent way to diversify investment portfolios and steady, long-term, and above average returns.” Having closed over 40 large infrastructure private sector projects in the past five years, AfDB strongly believes in the infrastructure opportunities latent in Africa. Mr. Primo concurs, noting that “Capri Global Capital, along with the AfDB, MIAF and Kola Aluko, believe that the promise of Africa is now. The extraordinary growth potential of the continent cannot be truly unlocked until critical infrastructure investments are conceived, championed and delivered. But these projects must not be charity. Rather, they must be commercially viable projects in which investors can responsibly invest. And ideally, they should not only be high impact, but offer attractive risk-adjusted returns.” Mr. Boateng adds compelling perspective to the effort, noting that “Africa has reached a moment in time where Africans on the continent, and in the wider diaspora, are looking to effect a positive and permanent transformation of their continent that will, in turn, transform the growth potential of earth as a whole. With only 10 percent of Africa’s trade done between countries on the continent, compared to 60 to 70 percent in Europe and elsewhere, infrastructure–from railways that connect us and lights in the dark to clean water and homes worthy of the name–will enable Africa to achieve its full growth potential.” Mr. Aluko agrees that “the African Development Bank and Made In Africa Foundation initiative will act as a catalyst for growth across sectors and provide employment and spread wealth, focusing on commercially viable infrastructure projects that will build Africa – we have a duty as Africans to support our continent’s development.”]]>

Advertisement

Watch

Audiomack Spotlights Ghanaian Drill In “This Is Kumerica” Documentary

Published

on

Audiomack Spotlights Ghanaian Drill In “This Is Kumerica” Documentary

Over the past few years, Asakaa also known as Ghanaian drill has quickly become one of the most talked about and popular genre’s out of the African music scene. The term Asakaa was coined by Ghanaian artist Sean Lifer to highlight the drill music coming out of Ghana’s second largest city, Kumasi. (more…)

Continue Reading

Watch

Sarkodie Releases “Labadi” Off Upcoming Jamz Album

Published

on

sarkodie

After a 10-month plus major release hiatus, celebrated Ghanaian and African rap/hip hop artist, Sarkodie surprised his teeming fans a few days ago with the announcement of the release date and title of his 8th studio album, “Jamz”. Off the upcoming album is the release of the first single, “Labadi”. (more…)

Continue Reading

Listen

Glorilla Teams Up With Cardi B For Explosive “Tomorrow 2” Single

Published

on

unnamed 4 2

Memphis star GloRilla calls on the one and only Cardi B for “Tomorrow 2,” which you can listen to HERE via CMG Records/Interscope Records.

(more…)

Continue Reading

Watch

Lil Maru shares new video single “Get Me On”

Published

on

Lil Maru

Fresh off the release of his breakthrough single “On The Block”, 18-year-old San Diego rapper Lil Maru has just shared his new single and video “Get Me On” via Simple Stupid/Geffen Records. On the new single, Maru croons about the ins and outs of his day-to-day––spitting about his neighborhood of SD, his highest aspirations, and his endless hustle. LISTEN

The song is accented by Maru’s tremolo flow over the minimalist, West Coast flavored production featuring a pair of light keys and smooth synths. The video showcases Maru surrounded by his loyal crew, flexing his custom jewelry, and adds to the personal nature of the song. Following the bubbling success of “On The Block”, Maru is continuing his homegrown momentum with his new single and video “Get Me On”.

Read Also: Audiomack’s Recent “Premiere Access” Feature Enables Artists to Reward Supporters With Early Listening

Lil Maru is a Mexican-American hip-hop artist based in San Diego, CA who busted on the scene with his 2020 single “Change Up” (20m+ Streams) and has only been capitalizing on the momentum ever since. He followed this up with a string of singles in 2021 including the viral hit “On The Block”, “Issues”, and “Nothing Into Something”. Maru kicked off 2022 with the release of his EP Been 2 Gone, featuring standout tracks like “Heartless”and “Soda Shopping” featuring former Shoreline Mafia member Fenix Flexin. Now, with the release of “Get Me On”, Maru is looking to leave his distinct mark on hip-hop and emerge as the forerunner of the new West Coast scene.

Continue Reading

Listen

Breaking the shackles! TRADITION MAN WOLO unravels black history in latest album REGGAE MAN

Published

on

Tradition Man Wolo Reggae Man

US based Ghanaian reggae artiste, *Tradition Man Wolo * has in an interview reaffirmed his quest to liberate the black man from shackles of the westerners through his music. (more…)

Continue Reading

Watch

Asem Premieres Music Videos For Forecast 1.0 Project

Published

on

Asem

The Musical King ASEM has been working on new music accompanied with captivating visuals to accompany the release of his FORECAST 1.0 PROJECT which is a precursor to his highly anticipated Weather Channel (more…)

Continue Reading

Trending