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.
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.
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.