Indeed, mobilizing such a significant number of African institutional investors is a first for an infrastructure fund in Africa. Africa50’s Infrastructure Acceleration Fund represents a pivotal vehicle that aims to bridge the financing gap in Africa’s infrastructure landscape. The commitments from the institutional investors will unlock transformative infrastructure projects across various sectors, including energy, transportation, telecommunications, water, among others. It is remarkable and unprecedented to have 17 African institutions participating in such a transforming initiative to invest in an African infrastructure fund. For his part, Alain Ebobissé, CEO of Africa50 commented, “Securing commitments from such prominent African institutional investors marks the beginning of a new era of collaboration and investment in Africa’s infrastructure sector.

Source: News Business Ethiopia July 04, 2023 16:34 UTC