Sasol agrees to sell 30% interest in ROMPCO to an acquisition vehicle

MOZAMBIQUE- Energy and chemical company Sasol South Africa (SSA), a subsidiary of Sasol, has concluded a sale and purchase agreement (SPA), to sell a 30% equity interest in the Republic of Mozambique Pipeline Company (ROMPCO), subject to pre-emptive rights by other shareholders. In a statement, Sasol said ROMPCO is a joint venture between SSA (50%), Companhia Mocambiçana de Gasoduto S.A. S.A.R.L (CMG) (25%) and South African Gas Development Company (SOC) Limited (iGas) (25%). The joint venture owns the 865km gas transmission pipeline from Mozambique to South Africa. The company said…

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AIIF3 secures US$37.1m guarantees from MIGA for clean off-grid solar energy in Central and East Africa

AFRICA –  The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, has issued guarantees of up to US$37.1 million to African Infrastructure Investment Fund (AIIF3), to cover the fund’s equity and quasi-equity/shareholder loan investments in Bboxx Capital (Bboxx) subsidiaries in Rwanda, Kenya, and the Democratic Republic of the Congo (DRC), for up to 10 years. An additional guarantee of up to US$5.9 million has also been issued to the Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI-OGEF LP) of Mauritius, a US$100 million energy access…

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Fibre network provider MetroFibre raises US$168m in new debt deal with Investec

SOUTH AFRICA – Fibre telecommunications infrastructure company MetroFibre Networx has raised US$168 million in new debt financing, led by Investec, an Anglo-South African international banking and wealth management group, adding to the US$101 million raised from shareholders in November 2020. According to the company, the raised funds will be used to support MetroFibre’s fibre network roll-out across South Africa, including deploying infrastructure in underserviced homes and businesses. MetroFibre shareholders include African Rainbow Capital, Sanlam Private Equity and African Infrastructure Investment Managers (AIIM). MetroFibre financial director Wayne Edwards said in a statement that there…

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Private equity fund AIIM, Onix Data Centres acquire controlling stake in Ngoya Etix DC

GHANA – African Infrastructure Investment Managers (AIIM), an infrastructure-focused private equity fund manager, in conjunction with Onix Data Centres have acquired a majority stake in Ngoya Etix DC, a carrier-neutral data centre. The acquisition was done through AIIM’s flagship pan-African infrastructure fund, AIIF3. The Ghanaian facility will be renamed to Onix Accra 1, with connectivity provided by Vodafone Group Ltd., Comsys Holdings Corp and CSquared Innovations Inc, and will ramp up the size into the largest Data Center in the West African country providing physical space, power, cooling, connectivity and security to customers. The acquisition…

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The De Wildt solar power plant in South Africa goes live

SOUTH AFRICA – Recently commissioned De Wildt Photovoltaic Solar Park is located in Brits; Madibeng Municipality is now feeding into the South African national electricity grid via the Zolograph substation owned by Eskom. The solar park with a capacity of 50 MWp, is owned by a consortium consisting of Zolograph Investments (RF) (Pty), African Infrastructure Investment Managers (AIIM), African Rainbow Energy and Power, Reatile Group and Phakwe Solar. The South African state-owned company Eskom is responsible for the production of the solar power plant under a 20-year power purchase agreement…

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Kipeto Energy wind farm to supply 100MW to Kenya’s national grid

KENYA – The second-largest wind power farm in Kenya Kipeto Energy, has announced that it will start feeding electricity to the national grid beginning next week having connected the Kipeto wind farm to the national grid and would now gradually start testing and switching on the turbines. Kipeto Energy, in a statement, said it had connected a 17km (220KV) high-voltage transmission line, linking the wind plant to the national grid at the Isinya Sub-station, and that it was ready to go live. The wind plant has an installed capacity of…

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Equity fund managers AIIM successfully completes US$80m capital increase for its fund

AFRICA – African Infrastructure Investment Managers (AIIM), Africa infrastructure-focused private equity fund managers, has successfully completed a capital increase of US$80 million for its flagship pan-African infrastructure fund, AIIF3. The capital increase takes the total commitments for AIIF3 to US$400 million and represents one of the largest capital raises closed for an African fund since the advent of the COVID-19 pandemic. AIIF3 was established to continue the mandate and strategy developed for AIIM’s AIIF2 fund by targeting infrastructure investments in the power, transport, digital infrastructure and midstream energy sectors across…

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AIIM raises US$80m to finance sustainable infrastructure in Sub–Saharan Africa

AFRICA – The African Infrastructure Investment Managers (AIIM) has just boosted its African Infrastructure Investment Fund 3 (AIIF3) with US$80 million to finance sustainable development projects in Africa south of the Sahara. The fund already has numerous assets in several sectors, including green electricity. The US$80 million recently raised by African Infrastructure Investment Managers (AIIM) is intended to fund its African Infrastructure Investment Fund 3 (AIIF3) for infrastructure investments in the power, transport, and digital infrastructure sectors in sub-Saharan Africa. AIIM, which has already mobilised US$400 million for AIIF3 since…

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Private equity manager AIIM completes its capital increase of US$80m for its AIIF3 fund

AFRICA – Private equity manager African Infrastructure Investment Managers (AIIM) has successfully completed a capital increase of US$80 million for its flagship African Infrastructure Investment Fund 3 (AIIF3) fund. The capital increase takes the total commitments for AIIF3 to US$400m and represents one of the largest capital raises closed for an African fund since the advent of the COVID-19 pandemic. “We are delighted with the continued faith placed in AIIM’s strategy for AIIF3 by some of the most experienced African fund investors. AIIF3 continues its strategy of targeting mid-market opportunities,…

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MetroFibre Networx raises US$97.6m in funding round

SOUTH AFRICA – Broadband provider MetroFibre Networx, which is led by former Absa CEO Steve Booysen, has raised US$97.6 million in a new funding round led by infrastructure-focused private equity fund manager African Infrastructure Investment Managers (AIIM). The deal gives AIIM, which is investing US$63.6 million, a minority stake in MetroFibre Networx, the quantum of which was not disclosed. The investment was made through the newly incorporated Digital Infrastructure Investment Holdings. AIIM is a member of Old Mutual Alternative Investments and has been investing in the African infrastructure sector since…

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