Africa50, a pan-African infrastructure investment platform, is set to launch the first region-wide investment vehicle dedicated to off-grid power companies, with plans to establish a $500 million fund to support climate-friendly projects across the continent, Bloomberg reported.
During the ongoing inaugural Bloomberg New Economy Gateway Africa event, stakeholders emphasized the importance of Africa's efforts to boost green investments on the continent.
Investment firm, Africa50, has announced it invested in the 461-megawatt Azura-Edo IPP in Nigeria.
Africa50 have approved the expansion of the Board of Directors to include at least half independent directors.
