Infrastructure is Africa’s most urgent developmental necessity and thus most promising investment opportunity for those prepared to take a longer-term position
29 September 2017: African Infrastructure Investment Managers (AIIM) has hired Cheikh Diedhiou as Environmental, Social and Governance (ESG) Advisor to assist with transaction due diligence and asset management for the firm. The new hire further strengthens the firm’s ESG focus and builds on its commitment to responsible environmental practices, social engagement and strong governance throughout its operations, which has been shown to contribute to long-term sustainable financial success.
Governments and the private sector need to know what they’re getting into, says the transaction leader for fund managers AIIM
African infrastructure offers attractive risk-adjusted returns while making a tangible difference to the lives of African people. Jurie Swart, chief executive of Africa Infrastructure Investment Managers, shares some lessons learned and explains why transportation is an overlooked but promising sector
Much has been said about how critical infrastructure development is for Africa’s economic growth, but what will shape the deals of the future? Jurie Swart, CEO, African Infrastructure Investment Managers joined CNBC Africa to discuss this.
African Infrastructure Investment Managers (AIIM), the continent’s most experienced equity investor in African infrastructure, through its AIIF3 fund, has acquired a 44 per cent stake in Albatros Energy Mali. Albatros Energy Mali will build, own, operate and transfer a 90 megawatt (MW) thermal power station in Kayes, western Mali and it will be the West African nation’s first independent power project (IPP) to feed into the national grid.
About 105 solar street light units have been installed along Olifantshoek’s busiest roads by Renewable Energy Investments South Africa (REISA) as part of an economic development flagship project.
Umoya Energy – Hopefield Wind Farm, announced its support of Langebaan Primary School earlier this year, when it granted funds from a special budget, to fund the salaries of three teachers for the 2017 school calendar year.
Loeriesfontein residents are to benefit from a community based substance abuse prevention programme which aims to provide support for victims and their families.
The Cookhouse Wind Farm has been supporting Siyanakekela Disability Special Day Care Centre by promoting special care to children with disabilities in Adelaide, Eastern Cape since 2015
Recent meetings between local fund managers and US pension funds, money managers and asset consultants — representing $7.7-trillion in assets — signal a positive move towards boosting infrastructure investment on the continent.
Khobab Wind Farm has announced that is has completed the lifting of the first of its 61 wind turbine generators, ahead of schedule.
Pupils at the Enoch Mthetho High School will have the benefits of using solar powered Wi-Fi.
The Loeriesfontein Wind Farm and Khobab Wind Farm launched a teacher support programme aimed at relieving the burden of overcrowded classrooms for grades 1-3 pupils.
Loeriesfontein Wind Farm and Khobab Wind Farm have launched a teacher support programme aimed at relieving the burden on overcrowded classrooms in Grade 1 and Grade 3. The Wind Farms have committed to funding the salaries of two foundation phase teachers at Loeriesfontein Primary School for a 3 year period.
Construction of the Northern Cape-based Khobab Wind Farm has begun in earnest with the arrival o various wind turbine components at the construction site in the Hantam municipality, 60km north of Loeriesfontein, in the Northern Cape.
In March, Khobab Wind Farm completed the lifting of the first of its 61 wind turbine generators, ahead of schedule. It is anticipated that the first power will be exported in the next three to four months and the wind farm is to start supplying electricity from all 61 turbines to the national grid by end-2017, as part of the third round of the Renewable Energy Independent Power Producer Procurement Programme.
Solar power is changing the energy landscape of the Northern Cape and attracting millions of rands in foreign investment.
Cenpower set to support the energy needs of approximately one million households
Khobab Wind Farm has announced that it has completed the lifting of the first of its 61 wind turbine generators, ahead of schedule, on 22 March 2017. It is anticipated that the first power will be exported in the next three to four months and that the wind farm is to start supplying electricity from all 61 turbines to the national grid by end-2017, as part of the third round of the Renewable Energy Independent Power Producer Procurement Programme.
Khobab wind farm has announced that it has completed the lifting of the first of its 61 wind turbine generators, ahead of schedule, on 22 March 2017
Loeriesfontein Wind Farm has announced the completion of all 61 wind turbine installations as well as having achieved over 1,25 million hours without a single lost-time-incident, on the 1 March 2017. “This is a hugely significant health and safety construction milestone for one of the country’s largest wind farms, so considering the sheer scale of the project, the multiple level of activities and the complexities involved, it is an impressive achievement,” said Christo Loots, Project Manager of Loeriesfontein Wind Farm.
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.