MCC and Africa50 unveil new global investment platform

Region:

Middle East & Africa

Africa50 and the Millennium Challenge Corporation have signed a Memorandum of Understanding to develop and launch the Millennium Impact for Infrastructure Accelerator (MIIA) Development Partnership.

The new entity will be a global investment platform designed to spur and attract impact investments in Africa by developing bankable infrastructure deals with measurable social and economic impacts. Investments through MIIA will cover projects across sectors such as water and sanitation, health, education, transportation, power, and telecommunications.

MIIA will be launched in Africa jointly with Africa50 - an infrastructure investment platform whose investor base includes the African Development Bank.Depending on the success of the initial effort, it could expand to partnerships in Asia, Latin America, and Eastern Europe.

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