Because of limited public resources the private sector has a significant role to play in delivering the infrastructure which is necessary to support strong economic growth in Africa.
This requires a greater focus on project development to generate more bankable projects and to leverage a larger pool of capital to fund them.
In 2012, in their Declaration on the Program for Infrastructure Development in Africa, African heads of state called for innovative solutions to accelerate infrastructure delivery. After broad consultations with African stakeholders, the African Development Bank established Africa50 as a new investment vehicle. It was designed as an independent infrastructure fund that focuses on high-impact national and regional projects, mostly in the energy and transport sectors, with a particular emphasis on increasing the pipeline of investment-ready projects.