Finance

IFC Contemplates a $50 Million Investment for Infrastructure Projects in Africa

IFC Contemplates a $50 Million Investment for Infrastructure Projects in Africa
Friday, 01 September 2023 19:43

Through the Emerging Markets Infrastructure Fund II, the financial institution plans to finance transport and renewable energy projects in targeted countries where such infrastructure is limited, in Africa as well as in Southeast Asia. 

The International Finance Corporation (IFC) plans to invest $50 million in an investment fund targeting transport and energy infrastructure projects in Africa. 

Called Emerging Markets Infrastructure Fund II, the said fund was launched, in July 2023, by A.P. Moller Capital, with a target size of $1 billion. It focuses on South and Southeast Asia and Africa, and targets projects in several countries in these regions, mainly in the energy and transport sectors.

If approved by the IFC's Board of Directors, Emerging Markets Infrastructure Fund II will obtain additional resources to finance companies operating in the transport, logistics, and renewable energy sectors, in targeted countries where investment in these infrastructures is limited, but demand for these services is growing.

The fund, A.P. Moller Capital's second after Emerging Markets Infrastructure Fund I, will use the resources raised to finance projects in the fields of transport, logistics, cold-chain storage, port and airport infrastructure, as well as initiatives in the power and telecommunications sectors.

Charmberline Moko

On the same topic
Gabon’s insurance market revenue fell 5.8% in Q4 2025 after strong growth in previous quarters. Life insurance revenue dropped 67%, driven...
Plan includes recovery commission, audits and possible asset seizures Move aims to strengthen governance and support industrial...
IFC considers $100m loan to Ghana International Bank Funds to support trade finance, disbursed in two tranches Deal targets Africa’s...
Gabon private sector credit rises 10.5%, dominates bank lending Government borrowing drops sharply; deposits fall, liquidity pressures...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
03

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
04

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
05

Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...

Francophone Africa: A Rising Economic Giant With Weak Internal Trade
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.