Our Mission
Africa Infrastructure Development Association (AfIDA), is an association of project developers and investors in Africa, that advances the development of more bankable projects on the continent.
What is AfIDA?
The Africa Infrastructure Association (AfIDA) is an association of project developers that seeks to promote and enable project development activities in Africa, by creating an eco-system and platform that will foster continuous dialogue amongst its members, standardize project development template documents and serve as a policy advocacy platform for the industry, with a view to ensuring that more projects on the continent achieve bankability.
The Association was incorporated in November 2016 in Mauritius by its founding members; Africa Finance Corporation, Financierings-Maatschappij voor Ontwikkelingslanden N.V, Trinity LLP, Eleqtra, African Infrastructure Investment Managers, Themis Abraaj and Climate Investment One.
Why AfIDA?
One of the most significant bottlenecks in unlocking Africa’s infrastructure is the development of viable projects that meet the bankability test of financiers. Although, project development is now slowly being proven as a viable asset class, with an increasing number of projects successfully passing through the development cycle and reaching financial close (Azura, Cenpower, Cabeolica, Henry Konan Bedie Bridge), the challenges experienced by developers, requires that a new and collective approach to addressing the issues be established.
If Africa is to make an impactful difference and meet its developmental aspirations, especially with respect to financing infrastructure assets, an association such as Africa Infrastructure Development Association, is required to further enhance the activities of project developers.
Our Vision
Enhancing the vibrancy of project development activities in the infrastructure sector in Africa.
Our Objectives
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Promotion
Promote the development of power and infrastructure assets in Africa; capacity building in the industry through training and knowledge sharing; transparency through information sharing and dialogue between members; and ethical and professional standards amongst its members.
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Representation
Represent A wide range of development interests in as inclusive manner as possible; the industry by facilitating advocacy and sector representation; the views of its members by being an industry interface to the market; and the African power and infrastructure sector to all stakeholders.
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Establishment
Establish tools for information gathering and dissemination between members; standardised templates for basic agreements between stakeholders; norms, guidelines and codes of conduct to govern project development in Africa; and regular meetings, conferences and workshops to further AfIDA’s objectives.
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Proposition
Propose recommendations for improvement in the legal and regulatory environment for project development and finance in Africa to the relevant authorities within governments; greater participation from government in order to be able to deliver bankable projects; benchmarks for market terms in certain key areas of development; and reports and results of industry research following market analysis of key indices