As investments in developed regions become more scarce and/or difficult to source, large investors are looking to less-developed regions such as Africa to grow their investments.
Ryan Hammond has been appointed CEO of Cookhouse Windfarm, Umoya Energy Windfarm and REISA Solar PV, a renewable-energy portfolio totaling 287 MW.
6 February 2017: African Infrastructure Investment Managers (AIIM), a leading African infrastructure equity investment manager and member of Old Mutual Alternative Investments (OMAI), has announced the successful acquisition of a 60% effective interest in DSM Corridor Group Tanzania (DCG), a specialist dry bulk terminal operator in the Port of Dar es Salaam. AIIM develops, advises and manages private equity infrastructure funds designed to invest long-term institutional equity in African infrastructure projects.
31 January 2017: African Infrastructure Investment Managers (AIIM), one of Africa’s leading infrastructure equity investment managers and a member of Old Mutual Alternative Investments (OMAI), has announced the appointment of Patrick Kouamé as Investment Director, effective from 1 February 2017.
Vuyo Ntoi, investment director and head of Southern and Central Africa at African Infrastructure Investment Managers (AIIM), agreed that private equity infrastructure in Africa would continue to grow and attract new players, while creating a positive impact for consumers.
Romain Py, Head of Transactions, is featured on AVCA's Afri-Spective - An Inside Look at Private Equity in Africa, where he discusses the power of private investments in Africa.
Falling commodity prices have hindered economic activity in sub-Saharan Africa, but they have also prompted governments in the region to reassess and reposition their economies. Olusola Lawson, AIIM's Head of West Africa participated in a panel hosted by Hogan Lovells regarding the transformation of African economies, on which this report was based.
A press release regarding the successful sale of SAIF's toll road assets, representing the largest private equity realisation for toll road infrastructure in Africa to date.
SAVCA media release: Despite the challenges that currently face South Africa, the private equity and venture capital industry remains confident in the depth and breadth of skill in the local investment industry, particularly the Southern African private equity industry.
Vuyo Ntoi, AIIM's Head of Southern & Central Africa is quoted in an article following his insights on mobilising private equity for infrastructure development presented at the Botswana Resource Sector Conference on 14 June 2016.
A press release regarding the formal signing of the power purchase agreement (PPA) between Kipeto Energy Limited and Kenya Power.
Paul Boynton is quoted in an article on Old Mutual Alternative Investments’ African Infrastructure Investment Managers buyout, which is described as a "vote of confidence for future infrastructure investment on the continent."
A press release from Africa investor (Ai) on their recent summit, where AIIM was awarded Infrastructure Fund of the Year and Azura won the Ai PPP Champion of the Year. Ai Infrastructure Awards formally recognise achievements across the main infrastructure sectors in Africa.
Ashwin West is quoted in an article regarding the World Bank Group's launch of a new initiative, ‘Scaling Solar’, which will establish a “one-stop shop” for governments that want to attract private investors to build large-scale solar plants in sub-Saharan Africa and other regions.
An announcement by AIIM's strategic partner on the acquisition of the 202MW Bumbuna II hydropower plant in Sierra Leone.
An article covering the Old Mutual announcement following a strategic review of the structure. The announcement said they would unlock shareholder value by separating their four business units: Old Mutual Emerging Markets (based in South Africa and includes Old Mutual South Africa, the Old Mutual Investment Group, Mutual & Federal and operations in the rest of Africa, Latin America & Asia), Nedbank, Old Mutual Wealth UK and the US-based Old Mutual Asset Management (OMAM).
Nigeria’s first true project-financed independent power plant, achieved financial close on 28 December 2015. This article highlights the achievements of the Azura-Edo independent power producer (IPP)thus far.
An article on the change in ownership of AIIM following the announcement by Old Mutual Alternative Investments to acquire the 50% of African Infrastructure Investment Managers (AIIM) that it does not already own, making it the sole shareholder of the pan-African infrastructure investment manager.
A press release regarding the announcement of the change in ownership of AIIM. Old Mutual Alternative Investments announced an agreement to acquire the 50% of African Infrastructure Investment Managers (AIIM) that it does not already own, making it the sole shareholder of the pan-African infrastructure investment manager.
A press release regarding AIIM's announcement of its industrial partnership with Hydroneo Afrique, a wholly-owned subsidiary of MECAMIDI, to develop a pipeline of hydro power plants across Africa.
A press release regarding AIIM's partnership with international power developer, Joule Africa. The agreed framework provides AIIM the opportunity to become a major equity investor in the power projects being developed by Joule Africa.
Engineering News covers the financial close of Cenpower's Kpone 350MW IPP in Ghana.
Cenpower Generation Company Limited (Cenpower) announced the financial close of the circa USD900 million project financing required for the construction and development of a 350MW combined cycle multi-fuel power station to be located near Tema, Ghana. Once construction is complete, it is expected to be the largest IPP in the country which will account for approximately 10% of Ghana’s installed capacity.
Azura Power Holdings Ltd (“Azura”) announces a key milestone for the flagship West Africa power investment, the 450MW Azura-Edo Independent Power Project. The US$876 million transaction is the first of a new wave of project-financed greenfield IPPs currently being developed in Nigeria, and is being used as a template for future IPPs.