The African Development Bank Group (AfDB) has approved an equity investment of US$20 million in the Africa50 Infrastructure Acceleration Fund I.

The Africa50 Infrastructure Acceleration Fund I (IAF) is a pan-African private equity fund mobilizing up to US$500 million for strategic infrastructure investments in sectors such as power, energy, digital and social infrastructure, transportation, logistics, and water and sanitation. Sponsored by Africa50, an infrastructure investment platform backed by governments and the AfDB, the fund aims to create positive impacts by leveraging private capital for infrastructure development. These impacts include job creation, improved healthcare and education access through digital technologies, enhanced financial services and inclusion through fintech investments, and efforts to combat climate change. Key Fund Highlights:

• A 12-year closed-ended fund.
• Managed by a team of skilled and entrepreneurial investment professionals.
• Targeting both African and International Institutional investors.
• Benefits from synergies with Africa50, leveraging track record and strong relationships with African Governments and investors.
• Committed to internationally accepted Environmental, Social, and Governance (ESG) practices.
• IAF will acquire seed assets from Africa50's current investment portfolio at an independently determined valuation during the first close.