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
Schiba plans to launch a life insurance subsidiary to expand its financial services arm. Côte d’Ivoire’s insurance market grew 10% in 2025, driven by...
EBID project commitments reached $813.77 million, up 83%, with approvals rising 50%. Focused on energy and transport, sectors critical to...
Raised $12.65 million, backed by Firstrand, Standard Bank, Allan Gray and the SA SME Fund Focused on early-stage startups, with first...
Kenya tax revenue rises to 2.038 trillion shillings by March Growth driven by reforms, digitalisation, and stronger compliance Collections...
Most Read
01

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
02

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
03

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
04

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
05

West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...

BOAD Commits $131.8 Million to Cotton Sector in Burkina Faso and Mali
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.