Alliance for Green Infrastructure in Africa – Project Development Fund

The Alliance for Green Infrastructure in Africa – Project Development Fund (AGIA-PD) is a pan-African initiative designed to address the shortage of bankable green infrastructure projects on the continent. By collaborating with African countries and the private sector, both locally and internationally, AGIA-PD seeks to prepare and develop resilient, transformative green infrastructure projects and programs swiftly and at scale. The fund is managed by Africa50, a pan-African infrastructure investment platform, and is part of the broader Alliance for Green Infrastructure in Africa (AGIA) initiative, which aims to raise $500 million in blended capital to unlock a $10 billion investment pipeline in strategic areas, including energy, sustainable transport, and ICT.

AGIA-PD operates through a blended finance model, combining grants and concessional capital to attract commercial resources into project development. This approach is intended to de-risk investments and increase the number of bankable green infrastructure projects across Africa. The fund targets sectors such as renewable energy, sustainable transport, and ICT, aligning with the continent's climate change mitigation goals and the African Development Bank's High 5 strategic priorities. AGIA-PD has attracted significant commitments from various development finance institutions, public agencies, philanthropic organizations, and private investors, including the African Development Bank, KfW, the West African Development Bank, the UK's Foreign, Commonwealth & Development Office, and the Soros Economic Development Fund.

The fund's first close was announced in August 2025, with a total of $118 million raised. This milestone underscores the growing support for green infrastructure initiatives in Africa and the potential for large-scale financing of projects that contribute to the continent's sustainable development. AGIA-PD's strategic investments aim to catalyze private sector involvement in infrastructure development, thereby accelerating Africa's transition to a low-carbon and climate-resilient economy. By focusing on early-stage project development, the fund plays a crucial role in bridging the infrastructure gap and fostering economic growth across the continent.