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
From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...
Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...
• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...
Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate vot...
Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...
Morocco exported 745,000 tons of tomatoes in 2024/25, generating $1.2 billion. France, the UK, and the Netherlands were the top buyers, with...
Benin has created the Communal Investment Fund (FIC) to replace the FADeC. The fund will help municipalities improve financing, track projects, and...
Niger and Switzerland signed three financing deals worth over $25 million. Funds will support education, small-scale irrigation, and youth...
• One Network Area to slash roaming costs for mobile data—just $0.005/MB—making cross-border internet access as cheap as home.• New tech like e-SIMs...
Surprisingly, only one African song made it onto Rolling Stone's list of the 500 Greatest Songs of All Time. The track is "Essence," a collaboration...
The Umhlanga Festival, also known as the “Reed Dance,” is one of the most iconic cultural events in the Kingdom of Eswatini in Southern Africa. Every...