Pan-African institutions have launched a $1.5 billion platform to support key infrastructure projects across the continent.

The AAMFI Infrastructure Financing Facility was announced by the Alliance of African Multilateral Financial Institutions (AAMFI) and the African Union Development Agency–NEPAD (AUDA-NEPAD).

The initiative was unveiled during the Luanda Infrastructure Financing Summit, held from October 28 to 31.

The new fund will support projects in energy, transport, water and ICT. An initial group of five projects will be financed first, followed by six more in a second phase.

All are aligned with the African Union’s Agenda 2063 and its Programme for Infrastructure Development in Africa (PIDA).

The facility includes $100 million for project preparation and is designed to lower the cost of capital, improve coordination and mobilize both public and private financing.

“This initiative crystalizes Africa’s collective ambition to take charge of its own development financing,” said Samaila Zubairu, AAMFI chair and CEO of Africa Finance Corporation. “We are shaping a coherent framework for infrastructure delivery.”

Speaking at the summit, Angolan President João Lourenço called the move a turning point for regional self-reliance.

“Africa must finance its own future by mobilizing our collective resources to build the roads, power grids, and digital networks that will connect our markets, energize our industries, and empower our people,” he said, commending AUDA NEPAD and AAMFI for their work on the initiative.

AUDA-NEPAD CEO Nardos Bekele-Thomas said the facility is a bridge toward the African Union Development Fund.

“The Facility embodies African ownership in action, a practical bridge toward the operationalization of the African Union Development Fund and a testament to our determination to realize Agenda 2063 through innovative, collaborative, and sustainable infrastructure solutions,” she said.

The facility also promotes blended finance and standardized investment frameworks across African financial institutions.

A formal Cooperation Framework Agreement between AAMFI and AUDA-NEPAD will be signed in February 2026 during the African Union Assembly in Addis Ababa.

The initiative highlights a shift toward homegrown, coordinated mechanisms to address Africa’s infrastructure financing gap and strengthen financial sovereignty.

LUANDA, Angola – Bantu Gazette