Africa50 has introduced in the present day that it has appointed Djalal Khimdjee as Chief Government Officer of its Africa50 Principal Funding Fund (previously Africa50 Mission Finance), efficient August 1, 2026.
In response to Africa50, Khimdjee will lead the Fund by way of its subsequent section of development, together with accelerating infrastructure growth and financial transformation throughout Africa.
He joins Africa50 from Proparco, the personal sector financing arm of the French Improvement Company Group (AFD), the place he served as Deputy Chief Government Officer, and helped form one of many main growth finance establishments.
“Throughout his 8-year tenure, he led technique execution, funding supply and portfolio administration, contributing to the growth of annual investments from €1.4 billion to €2.5 billion and belongings below administration from €5 billion to €7.5 billion,” Africa50 mentioned in a press assertion.
Khimdjee beforehand held management and funding positions throughout the AFD Group and the Worldwide Finance Company (IFC), constructing greater than 20 years of expertise financing infrastructure and personal sector growth throughout rising markets all through Africa, Center East, Asia and Latin America.
“Africa's infrastructure hole is without doubt one of the defining challenges – and probably the most compelling funding alternatives of the approaching a long time, notably because the continent is projected to be residence to almost 40% of the world's inhabitants by the tip of the century,” Khimdjee mentioned.
“I’m delighted to hitch Africa50 at this vital stage of its development and sit up for working with the workforce, shareholders, companions, and buyers to speed up the supply of transformative infrastructure initiatives that generate long-term influence throughout the continent,” he added.
Alain Ebobissé, Group Chief Government Officer of Africa50, mentioned that Khimdjee’s appointment reinforces Africa50’s ambition to scale its funding platform, deepen partnerships with institutional buyers, and speed up the supply of transformative infrastructure that strengthens Africa’s development, resilience, and competitiveness.
The appointment comes as Africa50 continues to develop its function as a number one infrastructure investor, creating and investing in initiatives that tackle Africa's infrastructure deficit whereas attracting long-term institutional capital to the continent.
Africa50 at present has 38 shareholders, comprising 33 African international locations, the African Improvement Financial institution, the Central Financial institution of West African States (BCEAO), Financial institution Al-Maghrib, the Public Funding Company (PIC), and African Reinsurance Company.
