Africa50 Develops Private Financing Model to Address $140B Transmission Gap in Africa
Africa50, an infrastructure investor supported by 33 sovereign shareholders, is establishing a private financing model for African grid infrastructure, following the completion of Kenya's first fully privately financed transmission project. The $311 million Kenya Transmission public-private partnership (PPP) aims to attract investment to a sector needing $80-$140 billion by 2040. Africa50 is mobilizing $300 million from African institutional investors and has launched the Alliance for Green Infrastructure in Africa Project Development Fund, targeting early-stage capital for green projects.
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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.
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