African Infrastructure Investment Fund 3 (AIIF3)

FUND SIZE

USD399 million

FUND CLOSE

May 2019

DESCRIPTION

AIIF3 is AIIM’s third pan-African infrastructure fund continuing the mandate and strategy executed for the AIIF2 fund.

AIIF3 targets core and core-plus infrastructure investments in the power, transport and midstream energy sectors across sub-Saharan Africa.

AIIM’s strategy is to apply its investment experience, developed through investing in the sector since 2000, to countries and sectors where the gap between infrastructure supply and demand provides strong risk adjusted returns for investors.

INVESTMENTS

Uquo IGB Project (Uquo), Nigeria
Interest in an integrated gas processing and distribution business

BBOXX, Rwanda, Kenya and Democratic Republic of Congo (DRC)
Interest in a next generation utility platform company

SEGAP, Cote d'Ivoire and Republic of Congo
Interest in an airport holding company

Starsight, Nigeria and Ghana
Interest in a distributed solar power energy project 

Amandi, Ghana 
Interest in a 195MW multi-fuel power plant

Proton, Nigeria
Interest in a 150MW OCGT power plant development 

Zina Solaire, Burkino Faso
Interest in a renewable energy development company

Albatros, Mali
Interest in a 90MW thermal power station

AIIM Hydroneo, Cameroon and Guinea
Interest in a pan-African hydro power development platform

APCH, Tanzania and Zambia
Interest in a specialist dry bulk terminal operator

Tema LNG, Ghana
Interest in import/regas LNG terminal

Metrofibre, South Africa
Interest in an open access fibre operator

Onix DC, Ghana
Interest in a carrier neutral data centre

Eastcastle, Democratic Republic of Congo, Cote d’lvoire and Nigeria
Interest in a telecom tower company

Sodigaz, Burkina Faso and Benin
Interest in clean cooking business