Develops a pipeline of investment-ready projects. Since inception, Africa50 - Project Development has catalyzed US$370 million in third-party equity and quasi-equity commitments and originated and screened 121 opportunities.
PD develops projects by:
- Prioritizing infrastructure projects in shareholder countries and seeking alignment with their development priorities.
- Securing government support to lessen implementation risks and delays.
- Engaging primarily as an active minority sponsor with strong co-developers, to improve project execution.
- Working with other institutions, notably the AfDB, on project preparation and obtaining guarantees, concessional and commercial funding, transaction support, and public sector funding.
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Kigali Innovation City
Kigali Innovation City (KIC) is being developed to be a mixed-use, masterplanned, innovation city to be situated on 60 hectares of land in Kigali.
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Volobe Hydropower Plant
Volobe is a 120 MW hydropower plant under construction on the Ivondro river, 40 kilometres from Toamasina, Madagascar. It will be operated under a 35-year concession.