The Africa Finance Corp is hosting an infrastructure investment summit in the Kenyan capital, where nations are promoting big-ticket projects including railways, airports and renewable power worth at least $45.8 billion.
The pan-African financier is mobilising $2 billion of that from commercial banks, development finance institutions and other lenders. Here are some of the other deals that will be discussed:
Kenya
- National Infrastructure Fund — mobilising $38.7 billion to co-finance priority projects.
- Nairobi Airport – $1.5 billion to upgrade, rehabilitate and expand Jomo Kenyatta International Airport’s capacity to accommodate 22 million passengers by 2045. Financial close expected by December 2026.
- Irrigation for commercial agriculture — multi-project pipeline ranging in size from $200 million to $1.8 billion — with private capital expected to provide 60% in commercial debt.
Tanzania
- Central Corridor — $11.8 billion multi-country electrified standard gauge railway linking commercial hub of Dar es Salaam to Rwandan capital, Kigali, via Isaka, with extensions to Burundi and eastern Democratic Republic of Congo. Some $1.1 billion of funding required for the Uvinza-Musongati section.
Zambia
- Zambia-Lobito railway — $1.3 billion cross-border corridor linking Zambia’s Copperbelt to Angola’s Benguela line and the Port of Lobito.
Democratic republic of Congo
- MetroKin Urban Passenger Rail — $876 million for a 25-kilometer electrified urban railway linking Gare Centrale to N’djili International Airport, forming part of a wider 300-kilometer mass transit network. The railway will have capacity for 450 000 passengers daily and will run on a 35-year public–private partnership concession.
Ghana
- Volta Economic Corridor — $650 million greenfield project for 1.5-gigawatt solar generation and 250-megawatt-hour battery storage. Ticket sizes exceed $100 million and are structured as a special-purpose vehicle using a blended finance approach.
Ethiopia
- Addis Ababa — Debre Markos Expressway — a 261-292 kilometer road to be developed under a PPP framework.
- Gad II & Weranso solar projects — two utility-scale solar photovoltaic projects to generate 225 megawatts for a total of $277.4 million.
- Adigala Wind Power — 150-megawatt wind power project in eastern Ethiopia to be developed under a PPP model.
Uganda
- Angololo Water Project — $132.2 million multipurpose dam for irrigation and hydropower along the transboundary Malaba River.
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