To increase early-stage funding for climate-resilient projects, Africa50 secured $50 M
International financial institutions have contributed US $50 million to the Africa50 initiative in order to increase early-stage funding for climate-resilient projects throughout the continent.
Africa50 is a specialist investor in African infrastructure, creating, de-risking, and implementing projects to spur economic expansion throughout the continent. In order to create investment-ready projects and scalable platforms, it integrates a proprietary continental-scale pipeline, strong government ties, and structuring solutions.
Currently, 33 African nations, the African Development Bank, the Central Bank of West African States (BCEAO), Bank Al-Maghrib, the Public Investment Corporation (PIC), and the African Reinsurance Corporation are among its 38 owners.
These include two new DFIS: Proparco, the private sector finance arm of the Agenceâtre de España Group (AFD Group), and Cassa Depositi e Prestiti (CDP), the Italian financial organization for development cooperation.
Leading investors, including the African Development Bank (AfDB), the German Development Cooperation thru KfW, the West African Development Bank (BOAD), the UK’s Foreign, Commonwealth & Development Office (FCDO), the Soros Economic Development Fund, and the African Climate Foundation (ACF), attended the fund’s initial close in August 2025 at US $118 million.
It seeks to create up to US$10 billion in bankable green infrastructure investment possibilities on the continent, with a target of US$400 million.
“We are honoured to be among the founding Limited Partners (LPs) of the AGIA-PD Fund. Its mission to advance infrastructure development across Africa resonates strongly with the priorities of the Italian Climate Fund and the ambitions of the Mattei Plan. We look forward to deepening this collaboration as these resources are deployed in the years ahead,” Stephen Mari, head of debt and equity funds at CDP International Cooperation, said.
Proparco’s head of private equity for Africa and the Middle East, Tibor Asboth, stated that his company is backing a revolutionary project that aims to boost the quantity of green infrastructure projects in Africa.
“Through its manager, Africa50, AGIA-PD participates in the acceleration of the energy transition on the continent and generates significant development impacts for local communities,” he said.
