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🇳🇬 Nigeria /Energy & Infrastructure

Africa50 Secures $50 Million to Boost African Infrastructure Projects

From The Punch · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Africa50 secured $50 million from Italy's CDP and France's Proparco to boost climate-resilient infrastructure projects in Africa.
  • The funds will accelerate the Alliance for Green Infrastructure in Africa – Project Development Fund (AGIA-PD), which provides early-stage risk capital.
  • The fund aims to mobilize $400 million, potentially generating $10 billion in green infrastructure investment opportunities across the continent.

Africa50, an investment platform for African infrastructure, has secured $50 million in new commitments from two international development finance institutions to accelerate the development of climate-resilient infrastructure across the continent. The announcement was made during the 2026 Infra for Africa Forum and Africa50 General Shareholders Meeting held in Dar es Salaam, Tanzania.

infrastructure remains critical to connecting capital with investment opportunities capable of driving Africa’s economic transformation and supporting a more sustainable and resilient future.

— Alain Ebobissé, Africa50 Group Chief Executive OfficerHighlighting the importance of infrastructure for Africa's economic development and sustainable future.

Italy's Cassa Depositi e Prestiti (CDP) committed $40 million, while Proparco, the private sector financing arm of France's Agence Française de Développement Group, pledged $10 million. These funds are designated for the Alliance for Green Infrastructure in Africa – Project Development Fund (AGIA-PD).

The AGIA Project Development Fund, managed by Africa50, plays a crucial role by providing early-stage risk capital. This capital is essential for developing bankable green infrastructure projects, addressing a significant barrier to infrastructure financing in Africa. The fund's first close in August 2025 successfully raised $118 million from various backers, including the African Development Bank, Germany's KfW Development Bank, the West African Development Bank, the UK's Foreign, Commonwealth and Development Office, the Soros Economic Development Fund, and the African Climate Foundation.

the institution was proud to become one of the founding limited partners of AGIA-PD, describing the fund as aligned with the objectives of the Italian Climate Fund and Italy’s Mattei Plan for Africa.

— Stephen Mari, Head of Debt and Equity Funds at CDP International CooperationExpressing pride in CDP's investment and its alignment with Italy's climate and Africa strategies.

Africa50 is targeting a total of $400 million for the AGIA-PD. The platform estimates that this fund could ultimately unlock up to $10 billion in investment opportunities for bankable green infrastructure projects throughout Africa. This initiative is seen as vital for driving Africa's economic transformation and fostering a sustainable, resilient future.

the investment would help expand the pipeline of green infrastructure projects while supporting Africa’s energy transition and broader development objectives.

— Tibor Asboth, Head of Private Equity for Africa and the Middle East at ProparcoExplaining how Proparco's investment will contribute to green infrastructure development and Africa's energy transition.

Speaking at the forum, Africa50 Group Chief Executive Officer, Alain Ebobissé, emphasized the critical role of infrastructure in connecting capital with investment opportunities. The event itself convened African heads of state, investors, project developers, and policymakers to strategize on financing infrastructure development. Tanzanian President Samia Suluhu Hassan and African Development Bank President Sidi Ould Tah were among the key speakers.

the new commitments would strengthen efforts to mobilise capital for project preparation, which remains the biggest bottleneck to attracting private

— Anas Charafi, Executive Director of the AGIA Project Development Fund at Africa50Stating that the new funds will bolster capital mobilization for project preparation, a key challenge in attracting private investment.
DistantNews Editorial

Originally published by The Punch in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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