Africa50 is a pan-African infrastructure investment platform that was established in 2015. A consortium of African governments, development finance institutions, and commercial banks back the forum. Africa50's mission is to invest in early-stage infrastructure projects that have the potential to generate significant social and economic returns. The platform's target sectors include power, transport, water, and telecommunications. Africa50 is expected to make a substantial contribution to the development of Africa's infrastructure. The platform is expected to help to improve access to essential services, such as power, water, and sanitation. The platform is also expected to create jobs and boost economic growth.
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The African Development Bank Group (AfDB) has approved an equity investment of US$20 million in the Africa50 Infrastructure Acceleration Fund I.
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