Description
In 2012, in their Declaration on the Program for Infrastructure Development in Africa, African heads of state called for innovative solutions to accelerate infrastructure delivery. After broad consultations with African stakeholders, the African Development Bank established Africa50 as a new investment vehicle. It was designed as an independent infrastructure fund that focuses on high-impact national and regional projects, mostly in the energy and transport sectors, with a particular emphasis on increasing the pipeline of investment-ready projects.
Main Objectives
Main Activities
Outcomes and Impact
Annual Budget (in millions)
0.00
Currency Used
Euro
Patnering Entities
Energy Sectors and Subsectors
Electricity
Renewable Energy
Non-renewable Energy
Agenda 2063 Focus
Aspiration 1: Inclusive Growth and Sustainable Development
Aspiration 2: Pan-Africanism and Renaissance vision
Aspiration 3: Governance, Democracy, Justice and Rule of law
Aspiration 4: Peace and Security in Africa
Aspiration 5: African culture, heritage, values and ethics
Aspiration 6: People Driven: Women, Youth and Children
Aspiration 7: Africa global influence
Sources
https://www.africa50.com
