Africa50, the African Development Bank and Africa Sovereign Investors Forum have agreed to collaborate on the development of green, climate-resilient infrastructure projects across Africa.
The three entities will work together to galvanize financing and to drive the development of skills and expertise within the infrastructure sector. The collaboration agreement will also seek to address the identification and preparation of projects.
“The African Development Bank’s partnership with ASIF and Africa50 would enable stronger collaborations on project development and co-financing; mobilization of capital to fund resilient, green and sustainable infrastructure; and identification of investment opportunities to promote Africa’s infrastructure and industrialization,” said Solomon Quaynor, vice president for private sector, infrastructure and industrialization at African Development Bank. “This is a key part of the bank’s strategy to harness the estimated $2 trilli
