Friday
June 2
2023

African Development Bank Approves $20 Million Investment in Private Equity Fund Targeting the Infrastructure Sector in Africa

The Board of Directors of the African Development Bank Group has approved an equity investment of $20 million in the Africa50 Infrastructure Acceleration Fund I(link is external), in support of its target to mobilize private capital for infrastructure across the continent.

The Africa50 Infrastructure Acceleration Fund I is a pan-African infrastructure private equity fund that is mobilizing up to $500 million for investment and value creation in strategic infrastructure sectors. These include power, energy, digital and social infrastructure, transportation, logistics, and water and sanitation.

Source: African Development Bank Group (link opens in a new window)

Categories
Investing, Technology
Tags
infrastructure, sanitation, transportation, water