The proposal has been posted on IFC’s disclosure portal and is scheduled to go before its board in late November.

ATAF is being advised by African Infrastructure Investment Managers (AIIM), a long-standing investor in African infrastructure.

The fund is designed for early-stage and scale-up capital and will back companies and projects in three areas seen as central to the transition: “clean electrons” (renewable power and related grids), “clean molecules” (fuels such as green hydrogen and biofuels), and sustainable transport.

AIIM has recently appointed energy investor Lisa Pinsley to lead the strategy.

According to public materials, ATAF is targeting $200 million in commitments, with a hard cap of $250 million.

The fund will invest across multiple African countries and is domiciled in Mauritius, reflecting a pan-African mandate and a structure often used by regional private funds.

The move adds to IFC’s broader push to mobilize private capital for African infrastructure and energy transition needs.

In 2024, IFC committed $30 million to AIIM’s Africa Infrastructure Investment Fund 4 (AIIF4), backing sectors such as power, transport and digital networks—experience that IFC now appears to be leveraging to accelerate earlier-stage transition assets through ATAF.

AIIM says the new fund is meant to close a financing gap that has slowed the build-out of clean power, low-emission fuels and greener mobility in African markets.

The firm describes ATAF as a pan-African strategy focused on commercial solutions rather than subsidy-driven models—an approach it argues can scale faster when paired with stable policy frameworks.

If approved, IFC’s investment would signal added confidence in Africa’s energy transition ecosystem at a time when governments and development banks are pressing for more private capital to reach climate goals.

The strategy’s emphasis on renewables, new-energy fuels, and transport decarbonization mirrors priority areas laid out by regional climate and development initiatives, but channels them through a private-equity style fund aimed at building businesses and platforms that can grow across borders.

Editor’s note: IFC’s board date for the ATAF proposal is currently November 27, 2025, and details such as final size, first-close timing and portfolio composition will firm up as fundraising progresses.