Africa50

Company description

Africa50, headquartered in Casablanca, Morocco is a multilateral, pan-African infrastructure investment platform focused on supporting and financing projects that aim to accelerate infrastructure development across the African continent. It was established in 2014 as an initiative of the African Development Bank (AfDB). It operates as an independent entity but works in partnership with African governments, the private sector, and other stakeholders. The primary mission of Africa50 is to mobilize funding for infrastructure projects in Africa, to contribute to the continent's economic and social development. It is involved in the development of infrastructure projects across various sectors, including energy, transport, water, and ICT (Information and Communication Technology). The platform supports projects at different stages of development, from the early planning phase to implementation. It provides both financial and technical support to infrastructure projects. It mobilizes funding from a variety of sources, including sovereign wealth funds, institutional investors, and the private sector. The projects supported by Africa50 vary widely and may include initiatives such as power plants, transportation networks, and ICT infrastructure.

Company details

City:
Casablanca
Address:
Tour Ivoire 3 - 8ème étage Marina de Casablanca Boulevard des Almohades Casablanca 20000 Morocco

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • January 24, 2024

    US$222.5 million First close reached for Africa50 Infrastructure Acceleration Fund (Africa50 – IAF)

    Africa50 has achieved the first close for the Infrastructure Acceleration Fund, securing US$222.5 million in commitments. Africa50-IAF has garnered the involvement of 16 African institutional investo...

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  • January 03, 2024

    MoU signed for 260 MW of Solar Projects in Mozambique

    Electricidade de Moçambique (EDM) has signed a Memorandum of Understanding (MoU) with pan-African infrastructure investment platform Africa50 to collaborate on the development of solar energy p...

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  • December 04, 2019

    Africa50 invests US$366m in Genser Energy Ghana Ltd

    Genser Energy Ghana Limited has achieved financial close for a US$366m funding package including a new syndicated senior loan facility of US$230m, a mezzanine loan, and preference...

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  • October 16, 2019

    Scatec Solar and partners complete 390 MW solar portfolio of the 1.8 GW Benban solar complex

    Scatec Solar and partners have grid connected the last of the six 65 MW solar power plants in Egypt. This marks the completion of the 390 MW Benban solar project located near Aswan in Upper Egypt. The...

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  • October 09, 2019

    Jovena, Africa50, SN Power, Colas to develop 120 MW hydro project in Madagascar

    The leading local industrial player in Madagascar, Jovena, has partnered with Africa50, the pan-African infrastructure investment platform, SN Power, and Colas for the development of a 120 MW hyd...

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  • July 01, 2019

    Scatec Solar reaches commercial operation for its third 65 MW power plant in Egypt

    Scatec Solar and partners have grid connected and reached commercial operation for another 65 MW of the 400 MW Benban project in Egypt. The Benban solar power plant is Scatec Solar’s largest pr...

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