12 results
- 22 Jul 2013
Africa Endorse AfDB’s Africa50 Fund to Support Infrastructure
In a joint declaration issued in Tunis, Tunisia, on 19 July 2013, African institutions endorsed the AfDB’s Africa50 Fund as Africa’s vehicle to facilitate large-scale mobilization of resources and to…
- 2 Jun 2023
AfDB Approves $20m Investment in Private Equity Fund
The Board of Directors of the African Development Bank Group (AfDB) has approved an equity investment of $20 million in the Africa50 Infrastructure Acceleration Fund I, in support of its target to…
- 9 Nov 2013
Kaberuka, AfDB President Named 2013 African of the Year
Donald Kaberuka, president , African Development Bank Group (AfDB) has been named 2013 African of the Year in recognition of his role in spearheading the Africa50 Fund to mobilize the financing of…
- 7 Jun 2014
AfDB Imstitutes $100Bn for Industrial Development
African Development Bank has instituted a 100 billion dollars infrastructure fund to fast track the continent’s industrial development . Dr Ousmane Dore, Nigeria Country Director of …
- 19 Dec 2016
Africa50 to Develop Solar Power in Nigeria
Africa50, the infrastructure fund for Africa, has signed a joint development agreement (JDA) for an 80 MW (AC) solar photovoltaic independent power project in Nigeria. The project, near Dutse in…
- 11 Aug 2026
Africa50 Secures Fresh Capital, Strategic Partnerships to Accelerate African Infrastructure
Africa50, the pan-African infrastructure investment platform, has secured new investment commitments and strategic partnerships with international investors and Tanzanian institutions aimed at…
- 9 Apr 2024
Zeepay Raises Equity from Leading Institutions to Support its ongoing Expansion
Africa50 and Oikocredit lead equity investment in Ghanaian fintech Zeepay to support Africa expansion; The investment will support the expansion of Zeepay’s cross-border remittances and mobile…
- 25 Oct 2024
BasiGo Secures $42M in Funding to Scale Public Transport Electrification in Sub-Saharan Africa
BasiGo, a provider of electric bus solutions in sub-Saharan Africa, has announced the successful closing of a US$42 million in new capital. The funding round consists of US$24 million in Series A…
- 27 May 2015
AfDB Scaled up Project Funding by 15% to US$ 7.6Bn in 2014
The African Development Bank Group (AfDB) realised a 15.3-percent increase in its operations turnover in 2014 compared to 2013 despite the challenging global and regional economic environment,…
- 27 Sept 2013
Aluko, Nigerian Billionaire, Others Launch $500m Infrastructure Fund
The African Development Bank (AfDB) and Made in Africa Foundation (MIAF), which was co-founded by Kola Aluko, Nigerian billionaire and Ozwald Boateng, Ghanaian-born fashion designer, have launched a…
- Telecom10 Sept 2026
Nigeria positions for investment boom with sovereign cloud strategy
Nigeria is redefining its relationship with global technology investors by shifting from a traditional regulator to an active market enabler, the Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, CCIE, has said.
- 13 Nov 2018
AfDB Achieves Significant Progress with Energy Projects Across Africa
The just-concluded Africa Investment Forum successfully convened key stakeholders, and provided an unprecedented platform for effective dialogue to drive investments into the continent. Running on…