African Infrastructure Investment Managers secures $30m from LP

The IFC has announced a $30 million equity investment in the African Infrastructure Investment Fund 4.

For the best experience and to access our Connect industry chat platform, download the Africa Private Equity News app: Android | iOS

---

The International Finance Corporation (IFC) has announced a $30 million equity investment in the African Infrastructure Investment Fund 4 (AIIF4), managed by African Infrastructure Investment Managers (AIIM).

The fund will support projects in the telecoms, renewable energy, and transport sectors across Africa but with a specific focus on Côte d'Ivoire, Egypt, Kenya, Morocco, Senegal, and South Africa.

In the telecoms sector, the fund will focus on financing data centres, fibre networks, and communications towers. In the energy sector, the fund will target utility-scale renewable energy platforms and commercial and industrial projects. In the transport infrastructure sector, the fund will prioritise investments in mobility and logistics, bulk-handling infrastructure, and temperature-controlled logistics.

IFC's $30 million, own-account investment will help AIIF4 exceed its final close target of $500 million.

"IFC's partnership with AIIM will support the development of digital assets and bolster the crucial renewable energy and transportation sectors in several countries across Africa," said Sarvesh Suri, IFC regional industry director for infrastructure and natural resources. "This investment underscores IFC's commitment to supporting private sector projects that drive access to opportunity and support development in Africa."

* Subscribe to Africa Private Equity News’ monthly Dealmaker’s Log for a database of the reported investment deals, exits and fundraising closes. Click here for more information.