Africa50 surpasses $1.4B in assets, expands infrastructure footprint across Africa
Africa50, the investment platform established by African governments and the African Development Bank, has announced it has surpassed $1.4 billion in managed assets, transforming from a single-staff operation to a major continental force in infrastructure development.
The announcement was made during the General Shareholders Meeting in Maputo, Mozambique, attended by President Daniel Chapo, African Development Bank Group President Dr Akinwumi Adesina, and representatives of development partners. President Chapo praised Africa50 as a vital partner in realizing Mozambique’s logistics and power ambitions, stressing its role in youth employment and sustainable development.
From its modest start, Africa50 now oversees a portfolio valued at more than $8 billion, addressing Africa’s $170 billion annual infrastructure financing gap. Dr Adesina highlighted the platform’s Africa Infrastructure Acceleration Fund, which raised $275 million from over 20 African institutional investors, marking unprecedented confidence in Africa’s infrastructure opportunities. CEO Alain Ebobissé reaffirmed Africa50’s mission to close the continent’s infrastructure gap through agility, responsiveness, and scalable results.
Major new projects announced in Mozambique
Two new Memorandums of Understanding were signed: one with Electricidade de Moçambique to develop three transmission lines under an Independent Power Transmission framework, and another with the Ministry of Communications and Digital Transformation to build and modernize data centers in Maputo. Africa50 also advanced its pan-African agenda with the first close of $115 million for the Alliance for Green Infrastructure in Africa and a framework agreement with the AfCFTA Secretariat for trade-enabling infrastructure projects.
African Development Bank’s impact in Mozambique
Over the past decade, the African Development Bank has provided $1.6 billion to Mozambique, supporting energy access, LNG development, agriculture, and transport corridors. Its projects have doubled the country’s electricity access rate from 30% in 2018 to 60% in 2024. Africa50’s investments include equity in the 175 MW CTRG gas power plant, new power transmission projects, and the Maputo data center initiative.
Dr Adesina, set to step down as Bank President and Africa50 Chairman on September 1, 2025, emphasized partnerships as key to bridging Africa’s infrastructure gap. Under his leadership, the Bank’s capital rose from $93 billion to $318 billion, impacted 565 million people through its High 5 priorities, and launched the African Investment Forum, which mobilized over $225 billion in investment interest. He vowed to continue advancing Africa’s development by unlocking global capital.
