Africa50 secures $50m from IFC to boost climate-resilient projects in Africa
The investment is expected to provide critical early-stage financing for infrastructure projects that address Africa's growing climate challenges while supporting sustainable economic development.
Some of the partners after the signing of the agreement during the conference. (Courtesy photo)
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Africa50 has secured a $50m investment from the International Finance Corporation (IFC), strengthening efforts to develop climate-resilient infrastructure and expand the pipeline of bankable green projects across the continent.
The investment is expected to provide critical early-stage financing for infrastructure projects that address Africa's growing climate challenges while supporting sustainable economic development.
This was revealed during the ongoing Infra for Africa Forum and Africa50 General Shareholders Meeting, hosted by the Government of the United Republic of Tanzania, which kicked off in Dar es Salaam on Wednesday.
The global gathering taking place at Julius Nyerere International Convention Centre, from 5-6 August 2026, convenes heads of state, private investors, developers, and experts to advance action that unlocks next-generation infrastructure and finances Africa’s economic transformation.
By focusing on project preparation and development, the funding aims to help transform promising climate initiatives into investment-ready opportunities capable of attracting additional private and institutional capital.
Yet the continent continues to receive a relatively small share of global climate finance despite contributing only a fraction of global greenhouse gas emissions. Closing this financing gap remains essential to achieving resilient and inclusive growth.
The forum was addressed by H.E. Dr Samia Suluhu Hassan, President of the United Republic of Tanzania, and Dr Sidi Ould Tah, President, African Development Bank Group and Chair, Africa50.
Managed by Africa50, AGIA-PD is Africa's largest climate-aligned development Fund, catalysing public, commercial, and philanthropic capital to unlock early-stage investment for transformative, climate-resilient infrastructure development in Africa.
The Fund’s first close at $118m in August 2025 attracted leading investors including the African Development Bank (AfDB), the German Development Cooperation through KfW, the West African Development Bank (BOAD), the UK's Foreign, Commonwealth & Development Office (FCDO), the Soros Economic Development Fund, and the African Climate Foundation (ACF).
“We are honored to be among the founding Limited Partners (LPs) of the AGIA-PD Fund. Its mission to advance infrastructure development across Africa resonates strongly with the priorities of the Italian Climate Fund and the ambitions of the Mattei Plan,” Stephen Mari, Head of Debt and Equity Funds at CDP International Cooperation, said.
The IFC investment reinforces the growing role of development finance institutions in mobilising capital for climate adaptation and mitigation projects.
Early-stage project development is often one of the biggest barriers to infrastructure investment in Africa, as projects require extensive technical, financial, environmental, and legal preparation before they can secure commercial financing.
By expanding Africa50's capacity to finance this critical phase, the investment is expected to accelerate the delivery of projects in sectors such as renewable energy, sustainable transport, water and sanitation, climate-smart agriculture, and resilient urban infrastructure.
These sectors are increasingly viewed as priorities for strengthening Africa's resilience to climate change while supporting long-term economic transformation.