Gemcorp Capital and Angola’s sovereign wealth fund, the Fundo Soberano de Angola (FSDEA), have announced plans to launch a Pan-African Infrastructure Fund aimed at addressing the continent’s critical infrastructure gap.
The fund is expected to target approximately US$500 million, with an initial seed investment of US$50 million from FSDEA, which could increase to US$200 million based on certain commercial conditions. In addition, Gemcorp Group and its affiliated funds will contribute up to US$50 million, subject to investment approvals. The remaining capital will be raised from global institutional investors, signaling strong international interest in Africa’s infrastructure development.
Atanas Bostandjiev, CEO and Founder of Gemcorp Capital, emphasized the strategic importance of the initiative:
We are proud to announce the upcoming launch of the Pan-African Infrastructure Fund in partnership with FSDEA. This fund reflects our commitment to deploying flexible capital across Africa—a region with diverse and pressing infrastructure needs. With demand for infrastructure remaining critically underserved, our pipeline of projects will help close this gap while delivering significant economic and social impact. The FSDEA’s seed investment will act as a catalyst for broader institutional participation, unlocking job creation and sustainable development across the continent.
The Pan-African Infrastructure Fund will focus on high-impact projects that drive connectivity, energy access, and industrial growth, positioning Africa for long-term economic resilience and inclusive development.
