SOURCE: Acrow Bridge

Acrow Bridge

February 16, 2016 09:00 ET

Acrow Bridge's Paul Sullivan Speaks at Corporate Council on Africa's U.S.-Africa Business Summit in Ethiopia

Panel Discussion Addressed Ways to 'Unlock' Infrastructure Financing

PARSIPPANY, NJ--(Marketwired - Feb 16, 2016) - Paul Sullivan, Vice President of International Business Development at Acrow Bridge, a leading international bridge engineering and supply company, was a featured panelist at the Corporate Council on Africa's 10th biennial U.S.-Africa Business Summit, held February 1-4 in Addis Ababa, Ethiopia. Acrow was a Gold Sponsor of the event.

The sector-focused panel on infrastructure, called African Resources to Unlock Infrastructure Financing, explored various ways to build on the African Development Bank's Africa50 Fund initiative and addressed domestic resources available to unlock infrastructure financing, best practices in leveraging foreign investment through internal financing, and the policies and frameworks limiting this strategy.

"We are honored to have been a part of this important event, which brought together African and American leaders in business, government and finance," said Sullivan, who is a frequent speaker at international development conferences. "Expanding and diversifying the pool of financing options, both domestic and foreign, for infrastructure initiatives in Africa, is a key agenda item for African officials as well as the investor community. As an SME serving public sector clients throughout Africa, we always strive to develop financing structures that appropriately mitigate risks while offering low borrowing costs. From ECA trade finance to more creative financing vehicles, the next generation of infrastructure projects will need financing structures more finely tailored to project-specific conditions and variables."

Sullivan's co-panelists included H.E. Axel M. Addy, Minister of Commerce and Industry, from the Republic of Liberia; Ayotunde Anjorin, CFO, Africa Finance Corporation; and Admassu Tadesse, President and CEO, PTA Bank. The moderator was Wale Adeosun, Founding Partner and CIO, Kuramo Capital Management LLC.

About Acrow Bridge
Acrow Bridge has been serving the transportation and construction industries for more than 60 years with a full line of modular steel bridging solutions for vehicle, rail, vessel, military and pedestrian use. Acrow's extensive international presence includes its leadership in the development and implementation of bridge infrastructure projects in over 80 countries, covering Africa, Asia, the Americas, Europe and the Middle East. For more information, please visit www.acrow.com.

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