Djalal Khimdjee appointed CEO of the Africa50 Principal Investment Fund

Djalal Khimdjee as Chief Executive Officer of its Africa50 Principal Investment Fund

With more than 25 years of experience spanning infrastructure investment, executive leadership and development finance, Djalal Khimdjee will lead the Fund through its next phase of growth, scaling a disciplined investment fund that delivers sustainable financial returns, while accelerating infrastructure development and economic transformation across Africa.

He joins Africa50 from Proparco, the private sector financing arm of the French Development Agency Group (AFD), where he served as Deputy Chief Executive Officer, and helped shape one of the leading development finance institutions. During his 8-year tenure, he led strategy execution, investment delivery and portfolio management, contributing to the expansion of annual investments from €1.4 billion to €2.5 billion and assets under management from €5 billion to €7.5 billion.

Mr. Khimdjee previously held leadership and investment positions within the AFD Group and the International Finance Corporation (IFC), building more than two decades of experience financing infrastructure and private sector development across emerging markets throughout Africa, Middle East, Asia and Latin America.

Reflecting on his appointment, Mr. Khimdjee said, "Africa's infrastructure gap is one of the defining challenges - and one of the most compelling investment opportunities of the coming decades, particularly as the continent is projected to be home to nearly 40% of the world's population by the end of the century. I am delighted to join Africa50 at this important stage of its growth and look forward to working with the team, shareholders, partners, and investors to accelerate the delivery of transformative infrastructure projects that generate long-term impact across the continent."

Commenting on the appointment, Alain Ebobissé, Group Chief Executive Officer of Africa50, said, “Djalal brings an exceptional combination of investment expertise, strategic vision, and extensive experience mobilizing capital for infrastructure across Africa and emerging markets. His appointment reinforces Africa50’s ambition to scale its investment platform, deepen partnerships with institutional investors, and accelerate the delivery of transformative infrastructure that strengthens Africa’s growth, resilience, and competitiveness. We are delighted to welcome Djalal to the Africa50 leadership team.”

The appointment comes as Africa50 continues to expand its role as a leading infrastructure investor, developing and investing in projects that address Africa's infrastructure deficit while attracting long-term institutional capital to the continent.

ENDS

About Africa50

Africa50 is a specialist investor in African infrastructure, developing, de-risking and delivering projects to unlock economic growth across the continent. It combines a proprietary continental-scale pipeline, deep governments relationships and structuring solutions to develop investment-ready projects and scalable platforms. With deep investment expertise across the energy, transport, and digital sectors, Africa50 mobilizes African and international capital to deliver sustainable financial returns while creating economy-scale impact.

Africa50 currently has 38 shareholders, comprising 33 African countries, the African Development Bank, the Central Bank of West African States (BCEAO), Bank Al-Maghrib, the Public Investment Corporation (PIC), and African Reinsurance Corporation. For more information, visit www.africa50.com.