AfDB Becomes Board Member Of World Business Investment Forum

The World Business Angels Investment Forum has named the African Development Bank as its newest  Board member.

The Bank said this in a statement made available to THE WHISTLER.

Th AfDB added that it would represent Africa’s early-stage equity markets, entrepreneurship and startup ecosystems, small and medium enterprises and high-growth businesses, angel investors, and private equity funds in the new capacity.

Based on the new role, the Bank’s Director of  Industrial and Trade Development, Abdu Mukhtar, will occupy the Bank’s Board seat.

The World Business Angels Investment Forum  is a partner of the G20 Global Partnership for Financial Inclusion.

It is a platform for G20 members, interested non-G20 countries, and relevant stakeholders to advance financial inclusion, and implement the G20 Financial Inclusion Action Plan.

The Forum engages with a wide range of institutions  to promote access to finance for businesses from start-up, with its target focused on creating more jobs and social justice across the globe.

“We are delighted to have the African Development Bank Group as a global board member of the World Business Angels Investment Forum,” Baybars Altuntas, WBAF’s Executive Chairman, said on the new role assigned to AfDB.

The Forum’s chair stated that AfDB’s inclusion will provide a wide range of opportunities for start-ups, scaleups and high growth businesses in Africa.