Africa50 secures new funding to boost green infrastructure in Africa
Africa50 has received $50 million in new commitments from two major international development finance institutions to support climate-resilient infrastructure projects across Africa. The announcement was made during the 2026 Infra for Africa Forum and Africa50 General Shareholders Meeting in Dar es Salaam, Tanzania. The Alliance for Green Infrastructure in Africa – Project Development Fund, managed by Africa50, aims to address key challenges in financing green infrastructure. The latest investments are expected to help mobilise more capital and accelerate sustainable development across the continent.
TLDR
- Cassa Depositi e Prestiti of Italy committed $40 million, and Proparco of France pledged $10 million to the AGIA Project Development Fund.
- The fund, managed by Africa50, provides early-stage risk capital for green infrastructure projects in Africa.
- The fund achieved its first close of $118 million in August 2025 with support from several international partners.
- Africa50 is targeting $400 million for the fund, which could generate up to $10 billion in green infrastructure investment opportunities.
- The event featured speeches from Tanzanian President Samia Suluhu Hassan and African Development Bank President Sidi Ould Tah.
