UK and Dutch state financiers commit $116m to African infrastructure
The investment will go towards three priority infrastructure sub-sectors: renewable energy; digital infrastructure; and mobility and logistics
27 July 2022 - 09:55
UPDATED 27 July 2022 - 14:08
British International Investment (BII) and FMO, the development finance institutions of the UK and Netherlands governments, have committed a combined $116m (R1.96bn) to African Infrastructure Investment Managers’ (AIIM) fourth pan-African fund.
As an anchor investor, BII committed $76m, and FMO, the Dutch entrepreneurial development bank, committed $40m to the fund, which will be managed by AIIM, which is owned by Old Mutual and targets investment in high-impact infrastructure projects across Africa...
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