Private equity firm

STOA Infra & Energy

Compiled from public sources

STOA S.A. is a French investment company and impact fund dedicated to financing sustainable and resilient infrastructure in emerging and developing markets. Founded in late 2017 as a joint venture between Caisse des Dépôts (CDC) and Agence Française de Développement (AFD), the firm provides equity and quasi-equity capital to large-scale greenfield projects and established infrastructure operators. Its investment strategy is designed to catalyse private sector mobilisation in essential sectors that promote ecological, digital, and social transitions. Headquartered in Paris, STOA operates with a long-term investment horizon, prioritising projects that align with the Paris Climate Agreement and contribute significantly to the UN Sustainable Development Goals, and has a mandate to allocate at least 50% of its capital to Africa.

Investment focus

Sectors
Energy and powerTelecoms and digital infrastructureManufacturing and industrialsHealthcare
Stages and strategies
Growth
Instruments
EquityMezzanine
Regions
Pan-African, Asia, Latin America
African markets named in public materials
Kenya, Côte d'Ivoire

Sources

  1. Partner Researchers, accessed 14 November 2026