AIIM celebrates completion of 6 solar plants in South Africa

SOUTH AFRICA – Leading African infrastructure equity investment manager, African Infrastructure Investment Managers (AIIM), recently celebrated the achievement of Commercial Operation of the last of six solar PV projects awarded under Round 4 of the Renewable Energy Independent Power Producers Procurement Programme (REIPPPP). The Projects, situated in the Northern Cape and North West Provinces, form part of a broader portfolio of renewable assets managed by EIMS Africa. EIMS Africa is owned by the IDEAS Fund, an AIIM-managed fund, and constitutes one of the largest South African-owned renewable energy portfolios in the market and…

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Amethis divests its minority stake in Sodigaz APC to AIIM

BURKINA FASO – Amethis, an investment fund manager, has announced the sale of its minority stake in Sodigaz APC to African Infrastructure Investment Managers (AIIM). Sodigaz APC is the leading gas bottle (LPG) distributor in Burkina Faso with a market share exceeding 60% and a unique distribution network of 2,200 gas resellers. Created in 1977 by Amidou Bolly, Sodigaz APC has genuinely participated to the development of the butane gas market in Burkina Faso and in the fight against deforestation. The company employs now over 780 people. “The partnership with…

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Competition Commission recommends MetroFibre acquisition approval

SOUTH AFRICA – The Competition Commission has recommended the Competition Tribunal approve the proposed transaction whereby Digital Infrastructure Investment Holdings (DIIH) intends to acquire MetroFibre, without conditions. In June 2021, African Infrastructure Investment Managers (AIIM), along with a consortium comprising South African Housing & Infrastructure Fund, through its Digital Infrastructure Consortium platform and STOA, a foreign investment vehicle-based in France, agreed to acquire a 25.8% interest in MetroFibre Networx held by Sanlam Private Equity, African Rainbow Capital and a minority shareholder. In a press statement, the commission says DIIH was formed as…

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AIIM, Adenia and IFC invests US$130m in Eastcastle Infrastructure, acquires majority stake

AFRICA – Infrastructure-focused private equity fund managers, The African Infrastructure Investment Managers (AIIM), Adenia Partners (Adenia), a private equity firm investing in Africa, and IFC, a member of the World Bank Group, have partnered to invest a total of US$130 million to support Eastcastle Infrastructure (Eastcastle), a company specializing in Africa’s telecoms tower sector. The funding will support Eastcastle’s build-to-suit strategy, to develop new telecom towers initially in the Democratic Republic of Congo, Nigeria and Côte d’Ivoire. The number of towers across the region needs to increase significantly to accelerate the deployment of bandwidth…

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Investment firm AIIM, consortium acquire 25.8% stake in MetroFibre

SOUTH AFRICA – African Infrastructure Investment Managers (AIIM), along with a consortium comprising South African Housing & Infrastructure Fund (SAHIF), through its Digital Infrastructure Consortium platform and STOA, a foreign investment vehicle based in France, have agreed to acquire a 25.8% interest in fibre network provider MetroFibre Networx (MFN) held by Sanlam Private Equity, African Rainbow Capital and a minority shareholder. This transaction follows the US$103.9 million equity funding round concluded in December 2020 by AIIM, SAHIF and STOA in order to support MetroFibre’s US$218.6 million capital expansion plan over the next…

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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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