IFC Announces $20M Equity Investment in the Africa50 Fund to Facilitate Sustainable Infrastructure Development in Africa
IFC has announced a $20 million equity investment in the Africa50 Infrastructure Acceleration Fund (IAF Fund), which will fund projects related to digital infrastructure, renewable energy and power, transportation, logistics, and water and sanitation. The goal of the IAF Fund is to support sustainable infrastructure development throughout Africa. The fund seeks to engage in initiatives…