Pan-African Infrastructure Fund targets $400 million final close in June

The Africa50 Infrastructure Acceleration Fund plans a final fundraising round in June, aiming to reach $400 million. This move reflects increasing investor interest in African infrastructure projects. The fund has already secured $300 million and seeks an additional $100 million to deploy capital into critical infrastructure needs across the continent. Africa50, established by African governments and development institutions, invests in sectors like power, transportation, and digital infrastructure.