Africa50 has secured new investment commitments and strategic partnerships as it seeks to mobilise more capital for infrastructure projects across Africa, with new initiatives spanning energy, electricity transmission, healthcare and infrastructure funds.

One of the key developments is a $20 million commitment from British International Investment (BII) to the Africa50 Infrastructure Acceleration Fund (IAF), making BII the fund’s latest limited partner and bringing total commitments to approximately $330 million.

BII has also signed a Memorandum of Understanding with Africa50 to identify opportunities for co-investment, co-financing and capital mobilisation across African infrastructure.

The IAF invests in equity and quasi-equity across sectors including power, transport and logistics, water and sanitation, and digital and social infrastructure. Africa50 said the fund is designed to invest in projects and operating platforms across the continent.

The new partnerships also include a proposed small-scale liquefied natural gas project in Tanzania. Africa50, the Tanzania Petroleum Development Corporation (TPDC) and TAQA Arabia are working on the first phase of a project intended to distribute domestic natural gas to industrial and transportation customers across the country.

Africa50 is developing the project with TAQA Arabia and TPDC, with the partners seeking to establish a bankable model that can be replicated in Tanzania and elsewhere.

“This agreement reflects Tanzania’s commitment to using its natural gas resources to support national development,” said Mussa M. Makame, Managing Director of TPDC. “As a gas supplier to this project, TPDC will work with the project partners to broaden domestic access to cleaner, reliable energy and create greater value for the Tanzanian economy.”

Africa50 has also signed an MoU with Tanzania Electricity Supply Company (TANESCO) covering the development of electricity transmission public-private partnerships. The collaboration is expected to support the development of Tanzania’s first Independent Power Transmission project, building on Africa50’s transmission project in Kenya.

“Partnering with Africa50 provides Tanzania with strategic project-development and financing expertise as we unlock private capital for Africa’s transmission infrastructure,” said Engineer Timoth Mgaya, Acting Managing Director of TANESCO.

The partnership, he added, would support the development of East Africa’s power market and the role of energy in industrial development and economic integration.

In healthcare, Africa50 and Tanzania’s Ministry of Health have agreed to collaborate on expanding the country’s capacity to provide kidney and renal care. The initiative is intended to support investment in healthcare infrastructure, equipment and long-term operating capabilities.

The agreements come as Africa50 seeks to translate its infrastructure investment platform into projects and services across the continent.

“This project will turn Tanzania’s abundant gas resources into reliable energy for industry, communities and transport, strengthening energy security and accelerating industrialization,” said Pakinam Kafafi, CEO of TAQA Arabia subsidiary Rosetta Energy Solutions.

BII CEO Leslie Maasdorp said the partnership reflected a shared objective to mobilise additional capital for infrastructure.

“Africa's infrastructure needs are significant, but so are the opportunities,” Maasdorp said. “By combining our expertise, networks and capital, we can help unlock investment that drives growth, creates jobs and improves lives.”

Africa50 Group CEO Alain Ebobissé said the organisation’s focus remained on developing bankable projects, mobilising finance and accelerating infrastructure delivery.

“Africa50 was created to develop bankable projects, mobilize finance for investments in Africa’s infrastructure and accelerate delivery,” Ebobissé said. “We are now ready to raise our ambition, translating the vision of African leaders into infrastructure investments at scale.”

The latest commitments expand Africa50’s activity across both project development and fund management, while bringing additional public and private capital into infrastructure opportunities in African markets.