FinDev Canada proposes investment in infrastructure fund
FinDev Canada, Canada’s development finance institution, has disclosed a proposed equity investment of up to $26 million in the African Infrastructure Investment Fund 4 (AIIF4), managed by African Infrastructure Investment Managers (AIIM).
AIIF4 targets investments behind three key themes: digital infrastructure, energy transition, and mobility and logistics across sub-Saharan Africa.
The fund has a target size of $500 million.