Africa50’s Alliance for Green Infrastructure in Africa Project Development Fund (AGIA-PD) has secured a fresh $50 million in commitments from Italy’s Cassa Depositi e Prestiti and France’s Proparco, announced at the 2026 Infra for Africa Forum in Dar es Salaam. The fund, which provides early-stage risk capital to help develop bankable green infrastructure projects across the continent, reached first close at $118 million in August 2025 with backing from the African Development Bank, KfW, BOAD, the UK’s FCDO, the Soros Economic Development Fund and the African Climate Foundation. With total commitments now around $168 million against a $400 million fundraising target, the fund still has roughly $232 million in room for additional limited partners, and aims to ultimately help generate up to $10 billion in bankable green infrastructure investment across Africa.
Capital Details
Market Significance
Fills one of Africa's biggest infrastructure financing gaps — project preparation capital — which determines whether projects ever become bankable enough to attract larger commercial financing.
Risk / Considerations
Fund still roughly 42% short of its $400m target; ultimate $10bn development impact depends on downstream projects successfully reaching bankability and attracting follow-on commercial capital.
What Happens Next
Further limited partner commitments toward the $400m target; deployment into new early-stage project pipeline.
Commercial Opportunity
Open opportunity for additional DFIs, climate funds and institutional investors to join as limited partners, and for project developers to access early-stage preparation capital.