Africa50, an African infrastructure fund, said Wednesday it has surpassed $1.4 billion in assets, reflecting rising investor confidence in large-scale projects across the continent.

Created by African governments and the African Development Bank in 2016, the investment platform has grown from a one-person office to an operation with 100 staff and 37 shareholders, including 33 African countries.

Its Africa Infrastructure Acceleration Fund recently raised $275 million from over 20 institutional investors across the continent.

“Within eight years, Africa50 has become a leader in infrastructure financing in Africa,” said African Development Bank President Akinwumi Adesina at the platform’s General Shareholders Meeting in Maputo, Mozambique on Wednesday.

He said the platform is now central to Africa’s development agenda.

Mozambican President Daniel Chapo, who attended the meeting, said Africa50 would support the country’s goal of becoming a regional hub for logistics and energy.

The platform signed two new agreements in Mozambique. One is with Electricidade de Moçambique to develop three power transmission lines.

The other is with the Ministry of Communications to build a new data center and upgrade an existing one in Maputo.

Africa50 also closed two regional deals. It announced the first close of the Alliance for Green Infrastructure in Africa, an initiative that has raised 115 million dollars.

It also signed an agreement with the African Continental Free Trade Area Secretariat to support trade-related infrastructure.

Adesina said Africa50’s work complements the African Development Bank’s $1.6 billion in financing to Mozambique over the past 10 years.

That includes $400 million in debt for a liquefied natural gas project and $34 million to expand electricity access, which has doubled since 2018.

Adesina, who will step down as president of the bank and chair of Africa50 in September 2025, said the continent must work collectively to attract global capital and speed up infrastructure delivery.

Maputo, Mozambique. August 13, 2025

Bantu Gazette