Press Release: AUDA announces Hubert Danso as interim Chair of AUDA-NEPAD Continental Business Network Council (CBN)
AUDA announces Hubert Danso as interim Chair of AUDA-NEPAD Continental Business Network Council (CBN)
Johannesburg, South Africa, September 9, 2019 – Institutional Investment Leader, Hubert Danso, internationally-renowned infrastructure Investment Advocate, has been appointed as the interim Chairman of the African Union Development Agency (AUDA-NEPAD) Continental Business Network Council (CBN).
Mr Danso is the Chief Executive Officer and Chairman of Africa investor (Ai) Group and serves as the Chairman of the African Sovereign Wealth & Pension Fund Leaders Forum and Chairs the CFA New York Society, Global Asset Owners Advisory Council, comprising the largest institutional investor communities, with over $20trillion dollars of assets under management (AUM) and advisement. Mr Danso is also a Commissioner of the Blockchain Commission for Sustainable Development.
As the interim CBN Chairman, Mr Danso will support the AUDA in its work with African Union Heads of State, infrastructure investment leaders and policy makers, to deepen the African investment community’s participation in PIDA and Continental Free Trade Area for Africa (CFTA) projects, and support the implementation of the African Unions’ (AU) 5% Agenda Initiative, which is an African institutional investor compact with African Heads of State, to increase African institutional asset allocation to infrastructure, from approximately 1.5% of assets under management (AUM) today, to 5% of AUM over the next 5 years.
In his message to Mr Danso, Dr Ibrahim Mayaki, AUDA’s CEO, stated, “over the years you have played a critical role in advancing the work of the CBN and also promoting its relevance, in both continental and international forums, with institutional investors and the infrastructure investment community. I look forward to working with you closely to advance the ideals of the CBN and I take this opportunity to congratulate you on your new role”.