The partnership will connect ten African countries by 2025, and involves an investment of up to US$320 m. The network aims to bring significant data traffic improvements for ISPs, mobile network operators and hyperscalers operating in countries covered and reduce east-to-west latency by as much as 65%. Furthermore, it should help avoid bottlenecks in global internet traffic to and from Africa.
As part of the 2012 Declaration on the Programme for Infrastructure Development in Africa (PIDA), African heads of states called for innovative solutions to accelerate the delivery of infrastructure on the African continent as part of the African Union's Agenda 2063. Africa50 was established to help bridge Africa’s infrastructure funding gap by facilitating project development, mobilizing public and private sector finance, and investing in infrastructure on the continent. Africa50 focuses on medium- to large-scale projects that have development impact and offer an appropriate risk-adjusted return to investors. Bringing project development and financing together in one platform, Africa50 seeks to provide support at every stage of the project cycle.