The Development Bank of Southern Africa ( DBSA) and Axian have signed an agreement to invest into the Infrastructure Acceleration Fund (IAF).
The signings happened at the Africa Investment Forum Market Days in Rabat, Morocco.
This announcement builds on the successful US$222.5 million first close of the IAF in December 2023.
DBSA and Axian are expected to invest in the IAF expands Africa’s growing pool of international and regional investors that are committing to the African infrastructure asset class.