Closing the Infrastructure Gap - Here’s What’s New from Africa50

Dear Africa50 Stakeholders,

Welcome to the first edition of Africa50’s Newsletter. We have started 2025 on a bright note after working to deliver high-impact infrastructure projects, and driving progress across African economies throughout 2024 - this newsletter captures the key highlights of this journey.

2025 Highlights

South Africa’s Public Investment Corporation (PIC) becomes Africa50’s 36th shareholder with a US$40 million investment

Public Investment Corporation (PIC), representing the Government Employees Pension Fund (GEPF) of South Africa, Africa’s largest public pension fund, becomes Africa50’s 36th shareholder. The milestone marks a significant boost to Africa50’s mission to harness diverse sources of African capital such as institutional investors to drive infrastructure development across the continent.

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Nigeria Sovereign Investment Authority (NSIA), Sustainable Energy for All (SEforALL), International Solar Alliance (ISA) and Africa50 unveil US$500 million Distributed Renewable Energy (DRE) Nigeria Fund

The Distributed Renewable Energy (DRE) Nigeria Fund is the largest of its kind in Africa, and the first country-focused DRE fund established under the DRE Africa Platform. This flagship initiative will develop and invest in distributed renewable projects across Africa. The DRE NigeriaFund was launched at the SEforALL Global Forum in Barbados on 12 March 2025.

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Article : What African Electrification Requires?

Alain Ebobissé, CEO of Africa50 and Dr. Fatih Birol, Executive Director of the International Energy Agency (IEA), highlighted the urgent need for major investments in transmission infrastructure in their latest co-authored Op-Ed in Project Syndicate, emphasizing the importance of investing in transmission lines.

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Africa50, Government of Rwanda, and the Arab Bank for Economic Development in Africa (BADEA) break ground on Kigali Innovation City. Read more

Africa50 pioneers asset recycling in Africa by investing in Senegambia Bridge. Read more

Africa50 led a US$42 million funding round fornBasiGo to expand Electric Vehicles fleet in Kenya and Rwanda. Read more

Africa50 signs agreement to become fund manager of US$ 200m Africa Solar Facility, a fund sponsored by the International Solar Alliance (ISA). Read more

Africa50 IAF secures new investment commitments from the Development Bank of Southern Africa and AXIAN a multinational conglomerate based in Madagascar. Read more

Africa50 invested US$15 million in Raya Data Centre, Egypt. Read more

Driving Impact and Sustainability

Impact and sustainability are at the core of Africa50’s investment decisions. In seven years of operations, we have invested in 27 projects across 28 countries, with an aggregated project cost of US$8 billion. With the publication of the 2023 Sustainability Report alongside our Impact Series campaign, we are proud to highlight our key achievements in delivering sustainable infrastructure, but most importantly, showcase the impact on the people at the heart of our investments –the beneficiaries of these transformative projects.

Download 2023 Sustainability Report

Africa50 Impact Series

This exciting five-part video series showcases how our infrastructure projects are transforming lives and shaping a sustainable future for Africa. Whether we are powering innovative energy solutions or creating state of the art technology hubs, the tangible difference our projects make in people’s lives is what continues to drive us.

Watch the Series

Stay tuned!

Get ready for the Infra for Africa Forum and our General Shareholders Meeting 2025!

Dates will be announced soon, stay tuned.Thank you for your unwavering support in advancing infrastructure development in Africa! Together, we are building a brighter future.

The Africa50 Team