This article was produced with the support of AUDA NEPAD
The African Union Development Agency (AUDA-NEPAD), together with the General Partner of the Africa Green Transition PPP Fund, today launched the Fund at the Ministerial Segment of the Specialised Technical Committee on Trade, Industry and Minerals (STC-TTIM) in Abidjan.
The Africa Green Transition PPP Fund (AGTPF) is a new public-private investment platform built to move green infrastructure projects from paper to construction. It will invest in renewable energy, transmission infrastructure, the water-energy nexus, industrial decarbonisation and climate-resilient infrastructure across the continent. The Fund is structured as a Luxembourg SICAV-RAIF, a regulated investment vehicle that meets international institutional standards, while keeping African ownership, project origination and priorities at its centre. In its first phase, AGTPF is targeting €500 million in committed capital to mobilise public, private and institutional investment into bankable projects that support Africa’s green industrialisation, energy security and sustainable economic growth.
“Africa does not lack green projects. It lacks the platforms that turn preparation into investment. The Africa Green Transition PPP Fund is built to close that gap, African-owned, institutionally credible, and aligned with the Union’s priorities,” said Mrs. Nardos Bekele-Thomas, Chief Executive Officer of AUDA-NEPAD.
Africa loses many green projects at the stage between design and financing. Plans are drawn up, feasibility studies are completed, and then the projects stall because the capital to build them is not in place. AGTPF is designed to close that specific gap. It complements upstream preparation facilities, including the NEPAD Infrastructure Project Preparation Facility and the PIDA Industrialisation Project Preparation Facility, and it supports the continent’s flagship infrastructure agenda, including Agenda 2063, the Programme for Infrastructure Development in Africa (PIDA), the Continental Power System Masterplan, the African Single Electricity Market and Mission 300.
“The Africa Green Transition PPP Fund has been established to bridge Africa’s infrastructure financing gap by combining institutional capital, public-private partnerships, and robust risk mitigation to deliver bankable green infrastructure projects. Our pathway to first closing is focused on building a diversified pipeline of investment-ready assets, securing strategic anchor investors, and partnering with governments and development finance institutions to create scalable, commercially sustainable investment opportunities across the continent. AGTPF is neither a European fund for Africa nor an African fund with European participation. It is intentionally designed as a partnership of equals: African market and institutional expertise combined with European asset management, structuring and financing capabilities’.We are committed to achieving a disciplined first close that lays the foundation for long-term capital deployment and measurable development impact.” Ukundi Baldwin Mushi Vanessa, General Partner, X Green Capital Luxemburg GP S.á.r.l, Initiator of Africa Green Transition PPP Fund (AGTPF),
“The Africa Green Transition PPP Fund has been designed to meet the expectations of institutional investors by combining robust Luxembourg fund governance with disciplined infrastructure investment practices. Our strategy is to build a diversified portfolio of bankable energy and sustainable infrastructure assets that deliver attractive long-term risk-adjusted returns while supporting Africa’s green industrial transformation. We believe the Fund provides an efficient platform for mobilising international capital into projects that generate both financial performance and measurable development impact.” Wolfgang Kröpfl General Partner, X Green Capital Luxembourg GP S.á.r.l, Initiator of Africa Green Transition PPP Fund (AGTPF).
“The signing of this Memorandum of Understanding with the Africa Green Transition PPP Fund marks the beginning of an important institutional partnership to advance Africa’s sustainable development agenda. It reflects our shared belief that Africa’s long-term development is strengthened through greater collaboration among African institutions and by supporting African-led solutions that mobilise knowledge, partnerships, and investment for the continent’s future.” Meshack Bandawe, Secretary General, Africa Social Security Association (ASSA)
Launching the Fund inside the STC Ministerial Segment put the Ministers of Economy, Finance, Trade and Industry in the room from day one. Their policy and regulatory decisions determine which projects in Africa’s infrastructure pipeline are bankable. The Abidjan launch secures that political backing. The Africa Business Forum 2026 will follow as the investor-facing platform where the Fund works towards its first closing.
The Fund was launched alongside the AUDA-NEPAD Programme for African Developing Island Economies. Island economies are a natural early testing ground for AGTPF, with projects ranging from renewable energy to the decarbonisation of desalination plants.
Today’s launch turns political commitment into a live financing platform. The next test comes at the Africa Business Forum 2026, when AGTPF moves from securing government backing to closing capital, the point at which Africa’s green infrastructure pipeline starts breaking ground rather than waiting for it.