Africa50 Launches $700M Green Funds

March 11, 2025 • Estimated Reading Time: 2 minutes

Key Figures & Findings: Africa50, a Casablanca-based investment platform, is launching $700 million in green funds, including a $500 million climate-friendly investment fund and a $200 million Africa Solar Facility for distributed renewable energy projects. This initiative aims to expand electricity access across Africa, support off-grid power solutions, and mobilize up to $10 billion in investments, according to Africa50 CEO Alain Ebobisse. The platform is targeting Africa’s $2.3 trillion institutional capital to drive the region’s transition to sustainable energy.

Statistics & Insights: Africa50's $500 million Alliance for Green Infrastructure in Africa fund will invest in renewable energy, transport, and climate-friendly projects, while the $200 million Africa Solar Facility will finance solar mini-grids and home systems. A separate Nigeria-focused renewable energy fund is also in development. Around 600 million Africans still lack reliable electricity, underscoring the urgent need for scalable clean energy solutions.

Future Implications: If successful, these funds could enhance Africa’s energy security, drive job creation in the renewable sector, and position the continent as a leader in the global clean energy transition. The first funding close is expected in the first half of 2025, with long-term benefits for economic resilience and climate adaptation.