Description

Africa50 is an infrastructure investor and asset manager that contributes to Africa's growth by developing and investing in bankable projects, catalysing public sector capital, and mobilizing private sector funding.

In a landmark commitment at the 2024 World Bank / IMF Spring Meetings, the World Bank Group and the African Development Bank Group pledged to deliver electricity access to 300 million people across Sub-Saharan Africa by 2030. This initiative directly addresses a critical global challenge, as 43.7% of the world's population currently lacking electricity access resides in this region.

In December 2024, Africa50 was selected by the International Solar Alliance (ISA) as the Manager of the Africa Solar Facility (ASF), a transformative US$200 million equity fund dedicated to investing in the Distributed Renewable Energy (DRE) sector across Africa.

Building on this, Africa50, in collaboration with the ISA, the Nigerian Sover...