Africa50 Targets 20 Billion in Infrastructure
Africa50 aims to more than double its backed project value to at least twenty billion dollars over five years. The fund focuses on power and transport sectors to address funding gaps.
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Africa50 aims to expand its co-invested project portfolio to at least $20B over the next five years, chief operating officer Tshepidi Moremong said Monday afternoon. The Morocco-based infrastructure fund currently backs 36 projects with a combined value of $9B. The push targets critical funding gaps across the continent as overseas development assistance declines.
