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Africa50 has secured $50 million in new commitments for its Africa Green Infrastructure Accelerator — Project Development fund, known as AGIA-PD, from two European development finance institutions: Italy’s Cassa Depositi e Prestiti (CDP), which committed $40 million, and France’s Proparco. The announcement came at the 2026 Infra for Africa Forum and Africa50 General Shareholders’ Meeting […]
British International Investment, the UK’s development finance institution, has signed a Memorandum of Understanding with Africa50 and committed $20 million to Africa50’s Infrastructure Acceleration Fund (IAF), which is managed by Africa Infrastructure Investment Partners, a subsidiary of Africa50. The commitment was announced at the 2026 Infra for Africa Forum and Africa50 General Shareholders’ Meeting in
BII Commits $20m to Africa50’s Infrastructure Fund, Pushing Its War Chest Past $330m Read More »
Dangote Group has secured a $2.5 billion private equity investment to support the expansion of its oil refinery and petrochemicals complex in Lagos, in a major capital move that could significantly increase Nigeria’s domestic refining capacity. The investment is expected to help expand the Dangote Petroleum Refinery’s capacity from its current 650,000 barrels per day
Dangote Secures $2.5 Billion Investment to Expand Lagos Refinery Read More »
The African Development Bank Group has approved a $100 million support package for the ECOWAS Bank for Investment and Development (EBID), aimed at strengthening the regional development bank’s financial capacity and expanding its ability to support economic and financial integration across West Africa. The package comprises a $30 million equity investment in EBID and a
AfDB Approves $100 Million Support Package for EBID to Strengthen Financing Capacity Read More »