It was on Tuesday, January 9, 2024, that Africa50 announced the first closing of $222.5 million, of its infrastructure investment acceleration fund, Africa50-IAF.

Africa50 is a platform for investing in infrastructure projects in Africa. The funds provided will be used to finance infrastructure projects in Africa. The first closing of $222.5 million was mobilized from 16 African institutional investors made up of sovereign wealth funds, pension funds, social security funds, insurance companies, banks and development finance institutions. According to in Ebobissé (photo), CEO of Africa50, “Africa50-iaf is the first in a series of new investment vehicles and instruments that the Africa50 Group plans to put in place to mobilize more capital from the private sector in Africa and around the world in favor of

According to the ADB, Africa50 hopes to fill the infrastructure financing gap on the continent, estimated at more than $100 billion every year, with this financing.