FSD Africa Investments and Allied Climate Partners commit $50 million in catalytic capital to anchor the African Transition Acceleration Fund (ATAF)

First investment of a landmark strategic partnership to accelerate clean infrastructure projects and businesses in AfricaNAIROBI, Kenya, March 12, 2026 /PRNewswire/ -- FSD Africa Investments (FSDAi) and Allied Climate Partners (ACP) have jointly announced their combined anchor commitment of $50 million in catalytic capital to the first close of the African Transition Acceleration Fund (ATAF), a catalytic vehicle managed by African Infrastructure Investment Managers (AIIM). The fund, which is targeting $200 million, is designed to accelerate investment in Africa's energy transition, vitalise economies, and create sustainable jobs. ACP and FSDAi are joined by the International Finance Corporation's (IFC) Frontier Opportunities Fund; and several senior equity co-investors including the IFC, KfW, Proparco, and other private investors. "Africa's energy transition will not be financed by waiting for projects to become safe enough for conventional capital," said Anne-Marie Chidzero, FSDAi's Chief Investment Officer. "Someone has to go first. This partnership with ACP – and our anchor commitment to ATAF – is us going first." Across Africa, most infrastructure funds are not structured to commit significant capital to early-stage project development. As a result, promising opportunities stall before they can launch, scale, and reach bankability. ATAF was purposefully created through a structured market assessment and selection process to focus capital on this gap, and provide support to economically viable platforms and companies at the earliest and most critical stages of project development and company growth.By anchoring the fund with catalytic capital, FSDAi and ACP aim to help close this gap, alongside partners. The fund seeks to invest in early-stage developers and companies looking to advance climate infrastructure projects toward bankability and ...Full story available on Benzinga.com