Infrastructure for Africa’s Next Generation

Growing populations, urbanization and rising demand for energy, digital access and transportation networks are fueling a long-term opportunity for private capital investors in African infrastructure. Despite massive global shifts and a period of economic turbulence in Africa’s major markets, infrastructure remains a key focus area for investors on the continent, accounting for 42% of private capital deployed in Africa since 2023. 

This report explores key trends in the African infrastructure space. Key themes include: 

• The participation of PE players and global corporates in digital infrastructure, which is vital to the continued growth of technology ecosystems and the continent’s AI potential, 
• The growth of “platform” investing in the energy segment, where solar has emerged as a least-cost solution, 
• The rise of private credit funds providing long-term financing for infrastructure assets, 
• The emergence of new fund models – including blended finance and long-life funds – for accessing infrastructure opportunities, 
• Geopolitical competition as a driver of investment in African infrastructure, 
• Policy initiatives in key countries that are moving the needle for private investors and
• The role of DFIs and local institutions in mobilizing additional capital for infrastructure. 

Infrastructure has accounted for many of the largest private capital exits in Africa, which is poised to become home to more than a quarter of humanity by 2050. This report highlights where investors are “doubling down” on past successes to fulfill the region’s long-run potential and put capital to work at scale. 

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