African Transition Acceleration Fund (ATAF) (IFC-51595)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 27, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
ATAF Fund Partnership
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Finance
  • Industry and Trade
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 30, 2025

Disclosed by Bank Oct 15, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the IFC, the proposed investment consists of an equity investment of up to US$25 million in the Mauritian-domiciled African Transition Acceleration Fund (the “Fund” or “ATAF”) managed by African Fund Managers (“the Fund Manager”) and advised by African Infrastructure Investment Managers (“AIIM” or “the Fund Advisor”) to provide early-stage capital to accelerate the development of energy transition businesses and ecosystems in Africa. ATAF has identified three core thematic verticals: clean electrons, clean molecules and sustainable transport.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

As stated by the IFC, the Fund has a total committed capital target of US$ 200 million with a hard cap of US$ 250 million.. IFC’s proposed investment is for up to US$ 25 million in ATAF.

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IFC, created in 2000, AIIM is a subsidiary of Old Mutual Limited, a leading South African financial services provider with operations in 15 countries across 3 continents and assets under management of US$84.4 billion as of June 2025. AIIM, established in 2000, is one of the largest dedicated infrastructure fund managers in Africa with assets under management of US$3.4 billion. AIIM focuses on 3 megatrends driving infrastructure demand with high growth potential in Africa: (i) digitization: data centers, fiber to the home and towers; (ii) energy transition: commercial & industrial (C&I) as well as utility scale renewable energy platforms; and lastly (iii) mobility and logistics: bulk-handling infrastructure and temperature-controlled logistics. AIIM has a 40+ strong investment professionals’ team across 5 offices: Cape Town, Johannesburg, Nairobi, Lagos and Abidjan.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

General IFC Inquiries - IFC Communications:

Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384

Financial Intermediary - African Infrastructure Investment Managers:

Lisa Pinsley - Head of the ATAF fund
Phone: +27 21 670 1234
Email: Lisa.pinsley@aiimafrica.com
Address: Ground Floor, Colinton HouseThe Oval, 1 Oakdale RoadNewlands, Cape TownSouth Africa
Website: www.aiimafrica.com 

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works