Africa50 Develops Private Financing Model to Address $140B Transmission Gap in Africa
Africa50 is creating a replicable private financing model for African grid infrastructure after successfully closing Kenya's first fully privately financed transmission project, a $311 million PPP with Kenya Electricity Transmission Company and Power Grid Corporation of India. This model seeks to address a $80-$140 billion investment gap in the transmission sector by 2040.
Africa50 has mobilized $300 million through its Infrastructure Acceleration Fund, primarily from African institutional investors. Additionally, the Alliance for Green Infrastructure in Africa Project Development Fund aims to catalyze up to $10 billion in private investment for green infrastructure. To alleviate funding challenges, Africa50 is utilizing asset recycling to finance energy transition without increasing sovereign debt.
