Ozwald Boateng, Atlantic Energy & Made In Africa Foundation Support AfDB's $22bn "Marshall Plan" for Africa

Ozwald Boateng, Atlantic Energy & Made In Africa Foundation Support AfDB's $22bn "Marshall Plan" for Africa PR Newswire LONDON, September 24, 2012 LONDON, September 24, 2012 /PRNewswire/ -- The African Development Bank (AfDB) has announced plans to float Africa's first infrastructure bonds to member nations to raise up to $22 billion for investments in much needed infrastructure projects such as ports, railways, roads and energy, across the African continent. This brings to reality an initiative first raised at the March 2009 conference on Growth Corridors, hosted by Made In Africa Foundation's Ozwald Boateng and UK Foreign Minister, David Miliband. Made In Africa Foundation (MIAF) was founded by Mr. Boateng, Africa's foremost designer, together with prominent Nigerian businessman Kola Aluko and the independent Nigerian oil company, Atlantic Energy, to support first-stage funding of infrastructure projects in Africa. MIAF is urging the AfDB to offer the opportunity to invest in the infrastructure bonds to all. This would be in addition to funds committed by member governments. By opening up the bond offering to everyone - private institutions such as global banks and pension funds, individuals and corporations - there would be increased transparency, and hopefully better governance, not to mention increased flows of money to fund projects.