Friday, 27 September 2013

Nigerian Oil Tycoon Kola Aluko Partners with Hollywood Star for African Development



According to the Patriotic Vanguard, billionaire Nigerian entrepreneur, Kola Aluko yesterday joined by Oscar winning actor Jamie Foxx and British fashion designer, Ozwald Boateng, launched a new dawn in African development.

His organization, The Made In Africa Foundation (MIAF) which he co-founded with Boateng has entered into partnership with the African Development bank at the NASDAQ in New York this morning. The union will co-manage and promote initiates to attract new investment for Africa50 - Africa.s largest infrastructure development vehicle created to date.

Kola spoke on behalf of the group as a primary investor in the fund and said:

“I am proud to be surrounded today by the people who have shared a determination to create a programme that offers a sustainable future for Africa. “The ringing of the NASDAQ Bell symbolizes that the moment has finally arrived as we launch the Africa 50 Fund supported by the Made in Africa Foundation.

“Our original vision for Made in Africa was to create something that could bring real change for the continent through sustainable, infrastructural developments with a truly African agenda. I believe this monumental relationship we have struck with the African Development bank has created the means for such a vision. The support we have received for this project is marked by everyone here today. The expertise involved across this project, in both the development and financial arms, will help Africa to finally reach its full potential in the global market.”

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