The African Development Bank Group (AfDB) has approved an equity investment of US$20 million in the Africa50 Infrastructure Acceleration Fund I.
The Africa50 Infrastructure Acceleration Fund I (IAF) is a pan-African private equity fund mobilizing up to US$500 million for strategic infrastructure investments in sectors such as power, energy, digital and social infrastructure, transportation, logistics, and water and sanitation. Sponsored by Africa50, an infrastructure investment platform backed by governments and the AfDB, the fund aims to create positive impacts by leveraging private capital for infrastructure development. These impacts include job creation, improved healthcare and education access through digital technologies, enhanced financial services and inclusion through fintech investments, and efforts to combat climate change. Key Fund Highlights:
The Ministry of Industry in Morocco, Trade and Green and Digital Economy (MICEVN), and the Millennium Challenge Account-Morocco Agency (MCA-Morocco) have launched a tender seeking private partner for planning, development, and management of two industrial parks located in the Casablanca-Settat region.
Read moreThe Department of Agriculture of Morocco has launched the Request for Expression of Interest for a project to desalinate seawater with a view to creating an irrigation perimeter for this region.
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