Africa50, the Morocco-based infrastructure investment fund, plans to more than double the value of projects it supports to at least $20 billion over the next five years, Chief Operating Officer Tshepidi Moremong told Reuters.
Established by African leaders in 2015, Africa50 has co-invested in 36 projects spanning the energy, transport, logistics and other sectors, with a combined value of approximately $9 billion.
"We are really looking at how, at least over the next few years, we can double or triple that number in terms of value," said Moremong, speaking in an interview on Monday from the fund's headquarters in Casablanca, Morocco.
According to Moremong, Africa50 has deployed around $500 million in equity across those projects and intends to concentrate on sectors with significant financing shortfalls, including power generation and transmission.
"Twenty billion dollars or more is what we would like to achieve," Moremong said, referring to the total value of projects the fund aims to co-invest in over the next five years.
In December, Africa50 signed an agreement with India's PowerGrid, a power transmission specialist, and the Kenyan government to develop $311 million worth of high-voltage electricity transmission lines through a public-private partnership.
The fund has also invested in power generation projects in Nigeria, Egypt, Cameroon and Madagascar, an information and communications technology project in Rwanda, and regional healthcare companies.
Africa faces an annual infrastructure financing gap of more than $100 billion, according to the African Development Bank. That deficit has been compounded by a reduction in external development financing from wealthier nations.
Africa50 also operates through a model that allows it to lease and manage infrastructure assets, providing governments with upfront payments.
The fund has established an agreement to manage the Senegambia Bridge, which connects Senegal and The Gambia, collecting tolls in exchange for maintaining and upgrading the infrastructure as well as receiving fixed-sum payments. This business line could come to represent between one-fifth and one-quarter of Africa50's overall portfolio, Moremong said.
Source: Diário Económico
Original article: https://www.diarioeconomico.co.mz/2026/09/08/mundo/africa/africa50-quer-duplicar-investimento-de-projectos-de-infra-estruturas-para-20-mm-em-cinco-anos/
