Africa50 Infrastructure Acceleration Fund plans June final close at $400 million
Updated
Updated · Bloomberg · May 7
Africa50 Infrastructure Acceleration Fund plans June final close at $400 million
6 articles · Updated · Bloomberg · May 7
The pan-African fund had raised $300 million by its third close in December and aims to add $100 million, chief executive Sérgio Pimenta said.
The vehicle is backed by African Development Bank private equity and is preparing a fourth and final fundraising round next month.
The push comes as more financiers direct capital toward infrastructure projects across Africa, supporting broader investment in the continent's transport, energy and other essential assets.
With $2 trillion in local assets, why does Africa still need external funds for its infrastructure gap?
Can Africa truly leapfrog with AI and digital tech while millions still lack basic electricity and clean water?