Africa50 pulls in $50M from European development banks for a fund that preps green projects for investors
- Africa50 received $40 million from Italy’s Cassa Depositi e Prestiti and $10 million from France’s Proparco for its AGIA-PD fund.
- The AGIA-PD fund focuses on preparing climate infrastructure projects for investment by conducting feasibility studies and technical assessments.
- The fund aims to address the early-stage gap that hinders private infrastructure investment in Africa.
The establishment of the AGIA-PD fund represents a crucial step in addressing the funding gap for climate infrastructure in Africa. By focusing on the preparatory stages of project development, this initiative could significantly enhance the attractiveness of African projects to private investors, ultimately driving sustainable growth and development on the continent.
