The Asian Infrastructure Investment Bank says there is "room to grow" its presence in Africa as it targets 1.5bn of investments in support of the Mission 300 initiative to bring power to underserved areas of the continent.
The Beijing-headquartered AIIB includes 19 African member governments and invests in the continent as part of its mandate to boost Africa-Asia infrastructure ties.
The bank is authorised to allocate up to 15 of its portfolio to investment projects outside of Asia, but currently directs only around 5 to non-Asian markets. In total, it has invested 2.48bn in Africa.