PROJECT

Projects

Summary of Investment Information

Project Number

48473

Company Name

Africa50 Infrastructure Acceleration Fund I LP

Date SPI Disclosed

Oct 10, 2023

Country

Africa Region

Region

Africa

Projected Board Date

Nov 9, 2023

Environmental Category

FI-1 - Significant

Status

Active

Last Updated Date

Jul 18, 2024

Department

Regional Industry - INF Africa

Industry

other

Previous Events

Approved : Dec 13, 2023
Signed : Dec 29, 2023
Invested : Jul 16, 2024

Sector

Infrastructure Fund

Project Description

The proposed equity investment is for up to US$20 million in Africa50 Infrastructure Acceleration Fund I LP (the “Fund” or “IAF”) set up by Africa50 Infrastructure Investment Partners I Manager Ltd (the “Fund Manager”) to invest in value-add infrastructure assets in Africa and with a core focus across Power & Energy, Water & Sanitation, Transport & Logistics, and Digital & Social infrastructure. The Fund Manager is a subsidiary of Africa50, the Fund’s sponsor.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation