Old Mutual’s AIIM to invest in 1GW South Africa solar farm

SolarAfrica and Starsight Energy are in the process of merging to create a pan-African solar power supplier. AIIM, which has $2.4bn under management, is part of Old Mutual Alternative Investments and manages private-equity African infrastructure funds. It first invested in Starsight in 2018 and is now contributing $73m through its IDEAS Fund to accelerate the growth of the new company.

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