The money, and where it actually comes from
African governments and African DFIs remain the largest single source of infrastructure commitments. Chinese lending peaked in 2016 and has re-formed into smaller, collateralised tickets. Gulf capital is the least visible flow on the continent.
Total commitments 2025: $123.9bn. Select related views and filters elsewhere on this page to interrogate this figure.
Governments and African DFIs
The thinnest line in the stack
Multilaterals to sovereign funds
Commitments by funder bloc, $bn
Annual African infrastructure commitment, by institution ($bn)
World Bank / IDA
Mission 300 targets 300m new electricity connections with the AfDB by 2030.
African Development Bank
Largest multilateral infrastructure lender on the continent; hosts the ICA and the AIDI.
China Eximbank & CDB
Volumes fell ~90% from the 2016 peak and are now recovering in smaller, more collateralised tickets.
Afreximbank
Trade-finance led, increasingly present in industrial and corridor assets.
ADQ / AD Ports / DP World
No public database tracks Gulf infrastructure capital in Africa. That absence is itself a finding.
IFC
Disclosure portal publishes proposed investments 60 days before board approval — an early-warning feed.
Africa Finance Corporation
Publishes the State of Africa's Infrastructure Report; the sharpest institutional analysis available.
Public Investment Fund (ACWA Power)
ACWA is now among the largest single generators being built across North and Southern Africa.
MIGA
World Bank Group guarantee arm; consolidated under one guarantee platform.
US DFC
Lobito is the flagship; mandate renewal shapes forward capacity.
Islamic Development Bank
Sharia-compliant structures; strong Sahel and North African coverage.
ATIDI
Regional insurer whose cover is now a precondition for many IPPs.
DBSA
One of the few institutions lending at sub-sovereign level.
Trade and Development Bank
Eastern and Southern Africa; strong in commodity-linked infrastructure.
British International Investment
Largest European bilateral by African infrastructure exposure.
Proparco
Deep francophone West and Central African coverage.
Africa50
The asset-recycling work is the substantive part of the platform.
GuarantCo / PIDG
The layer that decides whether local-currency infrastructure debt exists at all.
