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The African Development Bank Group (AfDB) and ILX Management B.V. (ILX) have completed their first transaction, marking an important milestone in their partnership to mobilise European institutional capital for climate‑aligned infrastructure projects across Africa.
ILX has invested $40 million through a funded risk participation in a senior debt facility originated by the African Development Bank, supporting a renewable energy company developing a 1.1-Gigawatt wind power project in Egypt. The investment forms part of a $140 million loan arranged by the Bank Group.
