FinDev Canada considering investment in Pembani infrastructure fund

FinDev Canada has disclosed a proposed investment of up to $35 million in the Pembani Remgro Infrastructure Fund II.

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Canada's development finance institution, FinDev Canada, has disclosed a proposed investment of up to $35 million in the Pembani Remgro Infrastructure Fund II (PRIF II), managed by Pembani Remgro Infrastructure Managers, a South Africa-based fund manager.

PRIF II is a 10-year infrastructure focused private equity fund supporting infrastructure projects primarily located in sub-Saharan Africa.

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