Casablanca, 12 February β Africa50, the pan-African infrastructure investment platform, today announced that the Republic of Mozambique has started the onboarding process to become its new shareholder during a signing ceremony in Maputo. Honourable Ernesto Max Elias Tonela, Minister of Economy and Finance of the Republic of Mozambique signed the Share Subscription Agreement on behalf of the Government, committing the country to take the necessary steps to become an Africa50 shareholder.
In joining Africa50, Mozambique will benefit from accessing world-class project development and financing expertise, fast-track the implementation of its infrastructure programme by catalyzing the participation of the private sector significantly contributing to spurring economic growth and development. The Share Subscription Agreement signing by Mozambique follows the recent conclusion of a Memorandum of Understanding between the Republic of Mozambique and Africa50 during COP28 to develop four projects including three solar PV plants for MW β one of which is the first MW floating solar on the continent, and km of transmission lines under a Public Private Partnership Framework.
We are pleased to be already actively working with the government on transformative clean energy and transport projects. In the energy sector alone, over 17 million people are accessing reliable and cleaner electricity as a result of projects financed by Africa Africa50 is an infrastructure investment platform that contributes to Africa's growth by developing and investing in bankable projects, catalyzing public sector capital, and mobilizing private sector funding, with differentiated financial returns and impact.
Bringing project development and financing together in one platform, we seek to provide support at every stage of the project cycle, through three investment vehicles:.
Africa50 - Project Development: This is dedicated to increasing the number of bankable infrastructure projects in Africa.
