Africa50 has secured $50m in fresh funding from two international development finance institutions to speed up the development of climate-resilient infrastructure projects across Africa. The new commitments, announced at the 2026 Infra for Africa Forum and Africa50 General Shareholders Meeting in Dar es Salaam, Tanzania, highlight growing international interest in financing Africa’s infrastructure and green transition.
Italy’s Cassa Depositi e Prestiti committed $40m, while Proparco, the private sector financing arm of France’s Agence Française de Développement Group, pledged another $10m to the Alliance for Green Infrastructure in Africa – Project Development Fund (AGIA-PD). Managed by Africa50, the fund provides early-stage financing to help turn promising green infrastructure projects into bankable investments.
The latest funding adds to the momentum behind the AGIA Project Development Fund, which recorded its first close at $118m in August 2025 with support from several international development institutions. Africa50 is targeting $400m for the fund, with the ambitious goal of generating up to $10bn in bankable green infrastructure investment opportunities across the continent.
Speaking at the forum, Africa50 Group Chief Executive Officer Alain Ebobissé said infrastructure remains essential to connecting capital with projects capable of driving Africa’s economic transformation while creating a more sustainable and resilient future. The Tanzania-hosted event brought together African leaders, investors, policymakers and project developers to explore new ways of financing infrastructure and unlocking private-sector investment.
Africa50 said the latest commitments would strengthen efforts to prepare projects and attract more private capital, addressing one of the biggest challenges facing infrastructure development in Africa. Officials from CDP and Proparco said their investments would support green infrastructure, Africa’s energy transition and wider development goals, as the continent looks to build stronger and more climate-resilient economies.
source: punch
