Affiliated Institution
African Development Bank
Support Entity Type
PPF
Project Stage Supported
- Project scoping, ideation, and concept note development
- Development of pre-feasibility studies
- Development of feasibility studies
- Project financial structuring
- Matchmaking with investors and funders
Funding Type
In-kind contributions
Other
Other Funding Type
Equity
Type of Recipient
Private sector
Climate Objective
Cross-cutting
Region
Middle East and North Africa
Sub-Saharan Africa
Sectors and Themes
Education
Energy
Health
Infrastructure and Industry
Transport
Co-financing Requirement
Yes
Application Frequency
Rolling
Contact Information
Countries
Africa50 was established by African governments and the African Development Bank to help bridge Africa’s infrastructure funding gap by facilitating project development, mobilizing public and private sector finance, and investing in infrastructure on the continent. Africa50 focuses on medium- to large-scale projects that have a significant development impact and that provide an appropriate risk-adjusted return to investors.
Africa50 develops projects by:
- Prioritizing infrastructure projects in shareholder countries and seeking alignment with their development priorities.
- Securing government support to lessen implementation risks and delays.
- Engaging primarily as an active minority sponsor with strong co-developers, to improve project execution.
- Working with other institutions, notably the AfDB, on project preparation and obtaining guarantees, concessional and commercial funding, transaction support, and public sector funding.
Eligibility Criteria
To be eligible for Africa50 funding, a project should meet several criteria. It should:
- Be predominantly private sector or undertaken under a public private partnership framework (PPP).
- Be mid-to-large scale, generally with a project value over $100 million.
- Smaller projects may be considered exceptionally on a case-by-case basis.
- Relate to Africa50’s priority sectors: Power, Transport, Midstream Gas and ICT. Other infrastructure sectors may be considered on a case-by-case basis.
- Be technically and financially sound.
- Be supported by reputable partners with relevant track records.
- Be beneficial to the local economy.
- Meet world-class environmental, social, and governance standards.
A project may be of interest even if it does not comply with all of the above criteria, as long as it is a good early- or later- stage investment opportunity.
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