AfDB on the Board of the World Forum on Investment of “Business Angels” | News in Africa

World Business Angels Investment Forum

The Global Business Angels Investment Forum collaborates with a wide range of institutions to help shape the future

The African Development Bank has joined the Board of Directors of the World Business Angels Investment Forum (WBAF) to represent start-up stock markets, entrepreneurship and start-up ecosystems, small and medium companies and high growth companies as well. as well as “angel investors” and private equity funds in Africa.

The Director of the Industrial and Commercial Development Department of the Bank, Abdu Mukhtar, will serve on behalf of the Bank on the WBAF Board of Directors.

We are pleased to welcome the African Development Bank as a member of the WBAF International Board of Directors

“We are pleased to welcome the African Development Bank as a member of the WBAF International Board of Directors,” said Baybars Altuntas, Executive Chairman of the Forum. I am confident that with the Bank in our midst, the WBAF will be able to offer a wide range of opportunities for start-ups, scale-ups and high-growth companies in Africa, which will open the door to innovation. development. economy. By working together across different borders, with a common vision and keeping in mind this smart dynamic, we are in a very good position to bring about positive change for Africa and the global economy. »

The WBAF aims to promote access to credit for businesses, from their creation to their development, with the goal of creating more jobs and bringing more social justice to the world. The Forum works with a wide range of institutions to help shape the world of tomorrow.

The African Development Bank is the leading development finance institution in Africa, and also one with an AAA (triple A) financial rating from major international agencies. The Bank fights poverty and is committed to improving living conditions on the continent by encouraging public and private investment in projects that can stimulate economic and social development. The Bank has 81 shareholders, including 54 regional member countries and 27 non -African countries. In November 2019, the Bank had a capital of 208 billion US dollars after the historic success of a new capital increase.

“I am pleased to join the WBAF Board of Directors and I am extremely impressed with the ambitions it displays,” Abdu Mukhtar said. Support for innovation, entrepreneurship and SME development is very important to us, especially since these areas are directly linked to some of our development goals, including job creation and women’s empowerment. I look forward to working with the experts on the WBAF Board of Directors and I am confident that WBAF and the Bank will have a huge impact on the start-up, angel investment and SME markets in Africa. The ultimate goal is to create more jobs and bring more social justice to Africa. »

The WBAF is affiliated with the G20 Global Partnership for Financial Inclusion (GPFI), a platform for G20 members, interested non-G20 countries and relevant stakeholders that promotes financial inclusion and puts together a G20 action plan for financial inclusion. Board members include Abdulaziz Al-Khalifa, Managing Director of the Qatar Development Bank, Abdul Malek Al Jaber, President of the Business Angels Network for the Middle East, Hashim Hussein, Director of investment and technology at the United Nations Industrial Development Organization (UNIDO ), and Inderjit Singh, co-chair of the Global Entrepreneurship Forum.

World Business Angels Investment Forum
World Business Angels Investment Forum

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