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African Development Bank (Abidjan)

New 'Delivery Vehicle' to Raise $50B for Africa's Infrastructure

Initially sponsored by the African Development Bank (AfDB), Africa50 is an innovative vehicle--akin to an Investment Bank for Infrastructure in Africa--created to accelerate the provision of much needed infrastructure on the African continent. Africa50 now has a total of 25 shareholders consisting of 22 African countries, the AfDB, and two African Central Banks (Bank Al Maghrib of Morocco, and the Central Bank of West Africa States - BCEAO). Read more. More about AfDB in this BRIEFING.

Photo: AfDB

In 2012, African Heads of States in their Declaration on the Program for Infrastructure Development in Africa (PIDA) called for innovative solutions to facilitate and accelerate infrastructure delivery in Africa. In response, and after broad consultations with African stakeholders, the African Development Bank has proposed the establishment of a new delivery vehicle called - Africa50. Africa50 is an Investment Bank for Infrastructure in Africa that focuses on high-impact national and regional projects.