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Africa50 general shareholders meeting in Morocco call for global investments in African infrastructure

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Africa50

It is a first-rate institution, pushing the frontiers of development on infrastructure in Africa, preparing projects, taking them to commercial viability, and financing them

MARRAKESH, Morocco, July 20, 2022/APO Group/ —

African Development Bank Group (www.AfDB.org) President and Chairman of the Africa50 (https://www.Africa50.com) Board of Directors, Dr. Akinwumi Adesina has highlighted the crucial role that Africa50 is playing to help bridge Africa’s infrastructure financing gap.

Adesina was speaking at the opening session of Africa50’s general shareholders meeting in Marrakech on Tuesday. He told delegates that Africa50 had invested $5 billion in 16 private-sector focused investments in six years.

Adesina said: “I am proud of Africa50. It is a first-rate institution, pushing the frontiers of development on infrastructure in Africa, preparing projects, taking them to commercial viability, and financing them.”

Africa50’s CEO Alain Ebobissé said: “Africa50 is a catalyst and plays a critical role. Private investment is key to meeting our objective to equip African countries with sustainable infrastructure.”

Moroccan Minister of Economy and Finance Nadia Fettah Alaoui said the Africa50 general shareholders meeting was taking place at a time when the Covid-19 pandemic had shown Africa’s vulnerability. She outlined the role Morocco intends to play in the recovery.

“Morocco’s vision is to build a better future. There can only be a prosperous world with a prosperous Africa. Together, we are stronger and can go further with funds like Africa50 as a catalyst for financial integration, Alaoui said.

Africa50 had invested $5 billion in 16 private-sector focused investments in six years

The African Development Bank, Africa50 and the African Sovereign Investors Forum—chaired by Morocco’s strategic investment fund Ithmar Capital—signed a memorandum of understanding to collaborate on the development of green and climate resilient infrastructure projects across Africa. The partnership expects to mobilize significant funding from African institutional investors towards sustainable infrastructure.

According to Adesina, Africa’s growth and development depended on its ability to massively attract investments into infrastructure across energy, transport, ICT, health care and water and sanitation. He added that the African Development Bank had already invested more than $44 billion in these sectors.

Adesina told the delegates there was still much to do to meet Africa’s infrastructure needs.

“We must tap all possible funding sources,” he stressed. “That is why the African Development Bank helped to establish Africa50 to bring together key stakeholders, including private sector investors, development finance institutions and infrastructure developers. Its project finance arm provides long-term finance, while its project development arm adds value by generating a pipeline of viable projects.”

The Bank Group head highlighted Africa50’s investment in the Kinshasa-Brazzaville bridge project, and the Kigali Innovation City digital infrastructure project, which will create over 50,000 jobs. Africa50 is supporting Africa’s green transition to cleaner renewable electricity from solar, thermal and hydropower in partnership with the African Development Bank and other institutions through the Alliance for Green Infrastructure in Africa (https://bit.ly/3yUlR2l).

Africa50’s general shareholders meeting took place on the eve of a four-day US-Africa business summit in Morocco. Speaking in Marrakech, US Corporate Council on Africa President Florizelle Liser stressed the importance of US investor engagement with the African continent. She said: “International investors are worth $100 trillion and 45% of that total comes from US investors. They can be a little bit timid about investing in Africa, but our role is to build trust between them and African institutions. That’s why we’re linking them with regional banks and institutions such as the African Development Bank and Africa50. Together I’m confident we can deliver.”

Echoing Liser’s aspirations. Adesina told delegates at the Africa50 general shareholders meeting: “We are investing in Africa because we believe in Africa, and because our people deserve to live better lives. With its vast natural and human resources, Africa is teeming with investment opportunities, with huge returns. Africa’s future is bright.”

At a press conference, Adesina and Ebobisse briefed media on asset recycling as a resource mobilization solution. They explained that this would help African governments develop their respective infrastructure programs, including toll roads, power plants, airports, and fiber optic networks.

Africa50 management announced that Cabo Verde joined the fund as a new shareholder.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

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Africa50’s Nabil Saimi Joins MSGBC 2026 as Senegal’s Project Pipeline Draws Infrastructure Capital

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Africa50 invests in projects at their earliest stage, with power and midstream gas among its priority sectors

DAKAR, Senegal, October 22, 2026/APO Group/ –Nabil Saimi, Senior Investment Director for the Project Development Fund at Africa50, will speak at MSGBC Oil, Gas & Power 2026 in December. His confirmation brings one of the continent’s leading infrastructure investors to the Dakar conference, with a focus on the earliest and most decisive phase of the project cycle: when concepts become bankable assets. Africa50’s model is built around carrying projects from development through to financing, an approach well matched to the basin’s expanding pipeline of gas, power and infrastructure projects.

 




 
 

Africa50 was set up by the African Development Bank (AfDB) alongside African governments and now has 33 shareholder states, with Senegal, Mauritania and The Gambia among them. The platform has mobilized close to $9 billion in investment across the continent, according to Senegal’s Presidency. Its Project Development business invests equity at the preparation stage to ready projects for financiers, generally targeting developments worth more than $100 million, with power, transport, midstream gas and information and communications technology as priority sectors.

Senegal has been central to Africa50’s power portfolio. At its 2017 shareholders meeting in Dakar, Africa50 partnered with national utility Senelec under a joint agreement to develop the 120 MW Malicounda combined cycle power plant and select its strategic sponsor. The €154 million plant entered commercial operation in August 2022, adding 8% to Senegal’s generation capacity, and was built with the ability to run on the country’s own gas once supply is available. In April 2026, an Africa50 delegation met President Bassirou Diomaye Faye in Dakar and reaffirmed its support for Senegal’s development priorities.

Project development is gathering momentum across the organization. In September 2026, Africa50 appointed former International Finance Corporation (IFC) regional director Cheick-Oumar Sylla as CEO of its Project Development Fund, a key appointment under its 2030 roadmap. Separately, the Alliance for Green Infrastructure in Africa Project Development Fund (AGIA-PD), managed by Africa50, secured $50 million from Italy’s Cassa Depositi e Prestiti and France’s Proparco in 2026, adding to the $118 million raised at its first close in August 2025 as the fund targets $400 million.

Africa50’s reach now extends deeper into gas and grid infrastructure across the continent. In 2026, the platform unveiled partnerships in Tanzania covering LNG and electricity transmission, while a $20 million commitment from British International Investment took its Infrastructure Acceleration Fund to roughly $330 million in total commitments. Both areas carry weight in the MSGBC basin, where LNG exports and gas-to-power plans are shaping the region’s next phase of development.

Plants such as Malicounda were built with domestic gas in mind, and the basin’s next generation of power and gas infrastructure will depend on capital committed early in development. Saimi’s participation strengthens MSGBC 2026’s focus on connecting the region’s project pipeline with the investors able to advance it.

Organized by Energy Capital & Power (ECP) and held under the High Patronage of Senegalese President Bassirou Diomaye Faye, MSGBC Oil, Gas & Power 2026 takes place December 1-3 in Dakar and will convene heads of state, ministers, investors, operators and development partners from Mauritania, Senegal, The Gambia, Guinea-Bissau and Guinea-Conakry. Explore opportunities and secure your participation at www.MSGBCOilGasAndPower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 




 

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Algeria Energy Minister Brings Regional Power Expertise to MSGBC 2026

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Minister Mourad Adjal joins Algeria’s Hydrocarbon Minister Mohamed Arkab at the Dakar conference, bringing new perspectives on power and renewable energy development

DAKAR, Senegal, October 22, 2026/APO Group/ –Algeria’s Minister of Energy and Renewable Energies Mourad Adjal will participate as a speaker at MSGBC Oil, Gas & Power 2026, bringing senior government expertise on gas, power infrastructure, renewable energy and regional energy integration to the event’s investment and policy discussions. Minister Adjal joins Algeria’s Hydrocarbons Minister Mohamed Arkab at the event, taking place December 1–3 in Dakar.

 




 
 

His participation comes as Algeria advances major renewable energy and hydrogen programs while strengthening its position as a regional energy partner. The country is implementing a 15,000 MW renewable energy program through 2035, with a first phase comprising 3,200 MW of solar capacity currently underway. The program offers relevant experience for MSGBC countries seeking to expand generation capacity while integrating larger shares of renewable power into their energy systems.

Hydrogen is also becoming a major component of Algeria’s energy strategy. The country is participating in the SoutH2 Corridor, which aims to establish infrastructure linking North African hydrogen production with European markets, while the Algeria-Europe Alliance for Hydrogen is progressing toward the publication of its feasibility study results in 2027.

These developments have direct relevance to the MSGBC region, where Mauritania and Senegal are positioning themselves for large-scale green hydrogen development alongside expanding oil and gas production. The combination of new generation capacity, transmission infrastructure and export-oriented energy projects is creating growing demand for integrated regional energy systems.

Minister Adjal also brings extensive experience from Algeria’s electricity and gas sector at a time when MSGBC countries are developing gas-to-power infrastructure and cross-border energy connections. Senegal is advancing domestic gas utilisation and new power capacity, while Mauritania is combining LNG development with emerging hydrogen projects and wider plans for energy-intensive industrial development.

Before becoming minister in September 2025, Adjal served as Chairman and CEO of Sonelgaz, Algeria’s state-owned electricity and gas utility, from December 2021. He previously led the Electricity and Gas Distribution Company and held senior regional roles including President of the Mediterranean Transmission System Operators Association and Chairman of the Maghreb Electricity Committee.

His participation adds senior North African perspective to an MSGBC market increasingly focused on converting resource discoveries into producing assets, reliable power and integrated infrastructure. As Senegal, Mauritania and neighbouring markets develop gas, electricity and renewable projects, Adjal’s experience across utility-scale energy systems will contribute to discussions on building the infrastructure required for the region’s next phase of growth.

MSGBC Oil, Gas & Power will convene international operators, service companies and investors in Dakar to explore opportunities across the region’s energy sector. To secure a delegate pass or learn more, visit www.MSGBCOilGasandPower.com or email sales@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 




 

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Dangote Refinery Chief Executive Officer (CEO) Joins South Sudan Oil & Power (SSOP) 2026 as $1.8B Kenya Expansion Opens Regional Distribution Opportunities

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David Bird’s participation comes as Dangote advances its East African refining and distribution strategy, anchored by a 700,000-bpd Lamu Refinery and 25% stake in KPC

JUBA, South Sudan, October 22, 2026/APO Group/ –Dangote Petroleum Refinery and Petrochemicals is expanding its footprint across East Africa, with a $16 billion refinery planned in Kenya and a $335 million investment in Kenya Pipeline Company (KPC). As these developments open new opportunities for regional petroleum trade, the company’s CEO and Managing Director David Bird has joined the South Sudan Oil & Power (SSOP) 2026 conference as a speaker.

 




 
 

Taking place in Juba on November 24-25, SSOP returns for its seventh edition as the nation’s premier platform for investment, dealmaking and policy. Bird’s participation comes as South Sudan looks to translate its resource potential into renewed exploration, higher production and greater participation in regional petroleum value chains. With major downstream investment reshaping East Africa’s energy market, SSOP 2026 offers an opportunity for producers, refiners and investors to establish the partnerships needed to advance regional energy trade and unlock new commercial opportunities.

The event arrives at a strategic time for Dangote. On September 30, the company officially broke ground on a 700,000-barrel-per-day (bpd) refinery in Lamu, Kenya. Set to come online in 2029, the facility is designed to supply gasoline, diesel and jet fuel to East African markets, with regional governments offered a combined 30% stake in the project. The project aims to replicate Dangote’s 650,000-bpd Nigerian facility, which is currently operating at full capacity and is set to expand to 1.2 million bpd. A delegation from South Sudan attended the Lamu groundbreaking ceremony, underscoring the country’s commitment to strengthening regional petroleum ties.

https://apo-opa.co/4zQaHcU

Beyond the Lamu facility, Dangote is strengthening its footprint across East Africa’s distribution networks. Just this month, the company acquired a 25% stake in KPC, securing access to established infrastructure transporting petroleum products from Kenya’s coast to regional markets, including Uganda, Rwanda, South Sudan and the Democratic Republic of the Congo. Following the $335 million transaction, Dangote plans to invest an additional $1.5 billion to expand KPC’s approximately 1,300-km pipeline network, bringing its total planned investment to $1.8 billion.

https://apo-opa.co/4zS8fCN

For South Sudan, East Africa’s only established commercial crude oil producer, Dangote’s expansion introduces new opportunities for regional petroleum integration. The country holds approximately 3.5 billion barrels of proven oil reserves and is seeking to increase production through new exploration, redevelopment of mature fields and investment in supporting infrastructure. While no crude supply agreement between South Sudan and Dangote has been announced, the development of additional regional refining capacity could create opportunities for future feedstock supply arrangements, subject to commercial viability, infrastructure and crude compatibility.

Bird brings extensive experience across refining, petrochemicals and integrated energy infrastructure to SSOP 2026. Before joining Dangote in 2025, he served as CEO of OQ8, the $9.5 billion Duqm refinery joint venture in Oman, overseeing the development and commissioning of major refining, pipeline and terminal infrastructure. He also held senior leadership positions at Shell, spanning upstream production, downstream operations and global energy supply chains. His participation at SSOP 2026 will bring expertise in large-scale refining investment, project delivery and regional petroleum market development to discussions on South Sudan’s next phase of growth.

https://apo-opa.co/3WotMnT

As the country’s official energy event, held in partnership with the Ministry of Petroleum, SSOP 2026 provides a platform for advancing discussions around regional trade, refining and infrastructure investment. The conference brings together international and national oil companies, refiners, trading companies, infrastructure developers, financiers and technology providers to negotiate partnerships, mobilize investment and connect South Sudan’s petroleum resources with regional and international markets.

Register for SSOP 2026: https://apo-opa.co/3WGMyXJ

Distributed by APO Group on behalf of Energy Capital & Power.

 




 

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