AFRICA
Luxembourg · Morocco · Botswana · Ethiopia

Investing in Africa's Democratic Future

The Africa Investment and Development Fund mobilises large-scale institutional capital across Africa's most stable and well-governed markets — in strategic partnership with the African Democratic Alliance for Freedom and Progress.

$1B
Target Capitalisation
12–16%
Target Net IRR
3
African Branch Offices
"Africa is not a risk to be managed. It is an opportunity to be seized — in the right markets, with the right partners, under the right governance framework."
01
Selectivity
Investments limited to countries meeting minimum thresholds of political stability, regulatory quality, and World Bank Governance Indicators performance.
02
Comparative Advantage
Focused on sectors where Africa's natural endowments, demographic dividends, and development needs intersect with long-term return potential.
03
Partnership Model
Co-investment with local partners, national DFIs, and international development banks — combining commercial discipline with local knowledge.
Investment Focus

Five Sectors of Structural Opportunity

Selected for their alignment with Africa's development needs and potential to generate strong risk-adjusted returns.

🏗️
Infrastructure
$68–108B Annual Gap
Transport, water, telecoms, and urban development with predictable revenue streams and long-term concession frameworks.
🌾
Modern Agriculture
60% Uncultivated Arable Land
Commercial farming, agro-processing, cold chain logistics, and AgriTech with precision agriculture integration.
Energy
Renewable-Led Portfolio
Solar, wind, hydropower, storage, and off-grid access systems with PPAs and industrial off-taker agreements.
⛏️
Mining & Industry
30% Global Mineral Reserves
Responsible mining, mineral processing, manufacturing, and SEZ co-investment under IFC Performance Standards.
💡
New Technologies
Fastest Growing Region
Fintech, HealthTech, EdTech, GovTech, and climate technology where African markets hold structural advantages.
Three-Branch Architecture

Anchored in Africa's Most Strategic Markets

Three branch offices across Morocco, Botswana, and Ethiopia — covering North, West, East, and Southern Africa from three of the continent's most stable and strategically positioned capitals.

North & West Africa Hub
Casablanca
Morocco · Casablanca Finance City
Covering approximately 25 North and West African countries with a combined GDP exceeding $800 billion.
Africa's top FDI destination; 60+ investment treaties
World renewable energy leader; phosphates; fintech hub
EU-aligned regulatory frameworks; AMMC oversight
East & Southern Africa Hub
Gaborone
Botswana · NBFIRA-Regulated
Covering approximately 22 SADC and Southern African countries with a combined GDP exceeding $1.2 trillion.
50+ years of uninterrupted peaceful democracy
Ranked Africa's least corrupt nation; AAA sovereign rating
Premier African minerals investment hub
East Africa Hub
Addis Ababa
Ethiopia · African Union Headquarters
Third investment destination serving the broader East African market — seat of the African Union, with a population exceeding 120 million.
Fastest-growing large economy in Africa; 6–8% GDP growth p.a.
Seat of the African Union — unmatched diplomatic positioning
Priority sectors: agriculture, manufacturing, infrastructure, energy
Strategic Partnership

In Partnership with ADAFP

The African Democratic Alliance for Freedom and Progress holds two permanent governance seats and receives up to 10% of annual net dividends.

The quality of African governance is the single most important variable in African investment risk and return. Supporting ADAFP is not philanthropy. It is an investment in the enabling environment.

Annual Financial Contribution
Annual ADAFP Contribution =
up to 10% × AIDF Net Annual Dividends
Governance Seat 1
ADAFP Board of Directors Member
Full voting rights. 3-year renewable term. Profile: expertise in governance, democratic institutions, or African politics.
Governance Seat 2
ADAFP Investment Committee Member
Reviews all investments above $5M. Profile: expertise in finance, investment, or African business.
Investment Process

How We Deploy Capital

01
Sourcing
Continuous engagement with stakeholders across Morocco, Botswana, and Ethiopia to identify governance-compliant opportunities.
02
Due Diligence
Financial, legal, tax, environmental, and ESG due diligence against IFC Performance Standards. Investment Committee review for all transactions above $5M.
03
Documentation
Investment agreement negotiated. Minimum 20% local equity participation required. Anti-corruption compliance confirmed.
04
Deployment
Capital deployed. Governance structures established. Regular ESG monitoring throughout the 5–10 year holding period.
Target Financial Performance

Built for Competitive Returns

12–16%
Target Net IRR
Consistent with top-quartile African private equity and infrastructure fund performance.
4–6%
Annual Distribution Yield
From infrastructure and agriculture assets beginning Year 3–4 of operations.
50,000+
Target Jobs Created
Direct and indirect jobs across AIDF portfolio companies over the Fund's 10-year life.
Publications & Documents

Fund Documentation

Download our public Fund Overview or log in to the Investor Portal to access the full document vault — including the Investor Briefing Paper, ESG Framework, Fund Term Sheet, and ADAFP Partnership Charter.

Public Document
📄

AIDF — Fund Overview & Investment Case 2026

A complete overview of the Africa Investment and Development Fund — investment thesis, three anchor markets, five sectors, ADAFP partnership, financial targets, and development impact. Available to all visitors.

⬇ Download PDF Apply to Invest →
Approved Investors Only
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Full Investor Document Vault

Approved investors have access to the complete document vault through the secure Investor Portal:

  • Investor Briefing Paper 2026
  • ADAFP Partnership Charter 2026
  • ESG & Impact Investment Framework 2026
  • Fund Term Sheet — Key Economic & Governance Terms
  • Investor Onboarding Guide 2026
  • Quarterly Investor Report — Format & Schedule
  • AIDF Teaser — Quick Reference Card 2026
Investor Login → Apply for Access
Invest in Africa.
Govern with Integrity.
Build the Future.
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Get in Touch

Open a Conversation

ADAFP Contact
Kader Maknera
Acting Treasurer, ADAFP
Email
secretariat@adafp.org
Casablanca Branch
Casablanca Finance City · North & West Africa
Gaborone Branch
Gaborone, Botswana · East & Southern Africa
Addis Ababa Branch
Addis Ababa, Ethiopia · East Africa Hub
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