SEO Riders:
- – AfDB anchors $118M green infrastructure fund
- – Blended capital turbocharges project prep across Africa
- – $40M injected to de-risk early-stage climate projects
The African Development Bank (AfDB) has injected a strategic $40 million in blended capital–comprising $20 million in grants, $10 million in commercial equity, and $10 million in junior equity from its Sustainable Energy Fund for Africa—into the Alliance for Green Infrastructure in Africa – Project Development Fund (AGIA-PD). This contribution marks the initial close of the fund at $118 million, signaling a major leap toward mobilizing early-stage investment-ready green infrastructure projects across the continent.
By sharing early-stage risks, the AfDB’s investment is set to de-risk promising but often overlooked green projects—paving the way for private sector capital and accelerating the rollout of low-carbon, climate-resilient infrastructure aligned with Africa’s development needs.
