Africa50 Infrastructure Acceleration Fund reaches first close with $222.5 million

Africa50 Group, the pan-African infrastructure investment platform has announced the successful first close of the Africa50 Infrastructure Acceleration Fund (Africa50 – IAF) on December 29th, 2023. securing $222.5 million in commitments. In an African first, Africa50-IAF secured participation from 16 African institutional investors, including sovereign wealth funds, pension funds, social security funds, insurance companies, banks…