11
Jan
An African First - Africa50 Infrastructure Acceleration Fund reaches first close with $222.5 million - securing strong support from mostly African institutional investors Africa50 Group, the pan-African infrastructure investment platform announced today the successful first close of the Africa50 Infrastructure Acceleration Fund (Africa50 – IAF) on December 29th, 2023 - securing $222.5 million in commitments. In an African first, Africa50-IAF secured participation from 16 African institutional investors, including sovereign wealth funds, pension funds, social security funds, insurance companies, banks and Development Finance Institutions (DFIs), underlining the commitment of regional stakeholders to drive transformative change on the continent. First close investors…