The United States Trade and Development Agency (USTDA) and Meridiam signed a Memorandum of Understanding to mobilize capital for infrastructure investment in sub-Saharan Africa this week.
Under the arrangement, USTDA aims to program up to $20 million in project preparation assistance over the next five years to leverage a targeted total investment of $1.5 billion from Meridiam.
Enoh T. Ebong, USTDA’s Director, said “USTDA’s engagement with Meridiam will allow us to leverage each other’s skills, expertise, and resources and achieve our shared goal of high-quality infrastructure in sub-Saharan Africa.”
He also said USTDA has more than 30 years of experience in preparing projects that feature innovation in the private sector.
Thierry Déau, Founder and CEO of Meridiam, said “on behalf of Meridiam, I am particularly proud of this official signing which marks an important step in our collaboration with USTDA in Africa. This unique strategic collaboration paves the way for promising opportunities that will enable us to go even further together in implementing ambitious and innovative sustainable development projects in the continent.”
Picture: Supplied