IFC proposes investment in AIIM fund

The IFC has disclosed a proposed equity investment of up to $30 million in the South African-domiciled African Infrastructure Investment Fund 4 (AIIF4), managed by African Infrastructure Investment Managers (AIIM).

The fund will invest in value-add infrastructure assets in Africa, with a focus on sub-Saharan Africa, in three thematic areas: digitisation; energy transition; and mobility and logistics.

The fund was launched with a target size of $500 million.

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