Pan-African infrastructure financing platform, AVCA member. Assets under management: ≈ USD 800m.
Criteria published by the fund, recorded and checked by Invest Matching.
- Investment ticket
- 20 M$ – 100 M$
- Instruments
- Equity
- Preferred sectors
- Infrastructure (all), Energy, Water & environment*, Real estate*, Telecoms & digital infrastructure*, Transport & civil engineering*, Fintech*
- Target geographies
- Senegal, Egypt, Kenya, Nigeria, Cameroon, Côte d'Ivoire*, Gambia*, Ghana*
* added from its deals
- Stages (stated by the fund and from its deals)
- Series AGrowth
LinkedIn profiles, emails and phone numbers are reserved for signed-in members: create an account to access them.
Recent public deals: they say better than a thesis what the fund actually signs.
KETRACO — lignes de transport d'électricité (PPP)
December 2025 · KenyaGrowth311 M$EnergyCo-Lead
Activity : Power transmission and distribution
Instrument : PPP — 30-year concession; amount = total project cost (KES 40.4bn)
Public-private partnership with KETRACO: Lessos–Loosuk 400 kV line (~180 km) and Kibos–Kakamega–Musaga 220 kV line (~72 km) with substations. 30-year concession, fully privately financed, availability-based tariff. Africa50 is co-lead investor and co-developer with POWERGRID (India), grid operator and technical partner.
Why they invested
- Integrate renewables (geothermal, Lake Turkana wind)
- Improve grid reliability and lower electricity costs
- Bridge KETRACO's financing gap (≈ USD 250m a year)
- Blueprint for private financing of power transmission in Africa
Source : africa50.comN1 · Primary source
Series A42 M$EquityEnergyLead
Activity : Electric mobility
Instrument : US$24 million in Series A equity funding, alongside US$17.5 million of debt facilities from BII and DFC
BasiGo provides electric mobility solutions and deploys electric buses in East Africa.
Why they invested
- Accelerate the deployment of 1,000 electric buses in East Africa
- Support a sustainable and inclusive transport sector
- Finance the expansion of an e-mobility solution in sub-Saharan Africa
Co-investors British International Investment, DFC
Source : africa50.comN1 · Primary source
Senegambia Bridge (Transgambia Bridge Company)
October 2024 · GambiaGrowth100 M$Transport & civil engineeringLead
Activity : Roads, bridges and concessions
Instrument : US$100 million Asset Recycling programme, with an initial US$15.5 million tranche · Vehicle : Africa50 Asset Recycling Programme
The Senegambia Bridge connects northern and southern Gambia and forms a strategic corridor between Dakar and Banjul.
Why they invested
- Improve bridge operational efficiency
- Facilitate regional trade
- Mobilize private capital without increasing public debt
Source : africa50.comN1 · Primary source
Growth30 M$EquityTelecoms & digital infrastructureCo-Invest
Activity : Data centres and cloud
Instrument : growth equity
PAIX develops and operates carrier-neutral data centres across Africa.
Why they invested
- Accelerate African digital infrastructure expansion
- Increase capacity at the Accra data centre
- Meet growing demand for digital infrastructure in Africa
Source : africa50.comN1 · Primary source
GrowthUndisclosed amountEquityFintechCo-Lead
Activity : Money transfer and remittances
Zeepay provides payment, cross-border remittance and mobile financial services.
Why they invested
- Support the expansion of cross-border remittances
- Expand mobile financial services
- Support Zeepay's expansion across Africa and the Caribbean
Co-investors Injaro Ghana Venture Capital Fund, Investisseurs & Partenaires (I&P), Oikocredit, Verdant Capital
Source : africa50.comN1 · Primary source
Scanning Systems
January 2023 · Côte d'IvoireGrowthUndisclosed amountEquityTransport & civil engineeringCo-Invest
Activity : Ports, airports and rail
Scanning Systems designs, finances and implements One-Stop Joint Border Posts in Africa.
Why they invested
- Develop One-Stop Joint Border Posts
- Facilitate transit and cross-border trade
- Support implementation of the AfCFTA
Co-investors Tassec Investment Holdings Africa
Source : africa50.comN1 · Primary source
Growth28 M$EquityTelecoms & digital infrastructureLead
Activity : Telecom operators and ISPs
Poa Internet is an internet service provider connecting underserved communities in Kenya.
Why they invested
- Finance national rollout in Kenya
- Expand internet access to underserved communities
- Support future expansion into other African markets
Co-investors Novastar Ventures
Source : africa50.comN1 · Primary source
Azura-Edo
December 2019 · NigeriaGrowthUndisclosed amountEquityEnergyCo-Invest
Activity : Power generation (utility-scale)
Azura-Edo is a 461 MW independent power plant generating electricity from natural gas.
Why they invested
- Support the first large privately financed independent power plant after Nigeria's power-sector reform
- Increase power-generation capacity
- Provide more reliable electricity to households and businesses
Co-investors Actis
Source : africa50.comN1 · Primary source
GrowthUndisclosed amountEquityEnergyCo-Invest
Activity : Renewable power plants: solar, wind, hydro, geothermal, biogas
Instrument : 15% equity stake
NHPC develops and operates the 420 MW Nachtigal hydropower plant and its associated transmission line.
Why they invested
- Increase reliability of Cameroon’s power sector
- Expand access to electricity
- Mobilize private financing for strategic energy infrastructure
Co-investors Africa Finance Corporation (AFC), Banque africaine de développement (BAD), European Investment Bank, British International Investment, DEG, EDF, Emerging Africa Infrastructure Fund, FMO, IFC (International Finance Corporation), OPEC Fund for International Development, Proparco, République du Cameroun, STOA
Source : africa50.comN1 · Primary source
Africa50 invests tickets ranging from 20 M$ to 100 M$, across the following sectors: Infrastructure (all), Energy, Water & environment, Real estate, Telecoms & digital infrastructure, Transport & civil engineering, and Fintech, in the following areas: Senegal, Egypt, Kenya, Nigeria, Cameroon, Côte d'Ivoire, Gambia, and Ghana. Check in 30 seconds whether your company fits these criteria.
