August 1

Development Finance Institutions, British International Investment To Invest $116 Million In African Infrastructure

By Bukola Idowu

Development Finance Institutions (DFI), British International Investment (BII) and FMO have announced a joint commitment of $116 million to African Infrastructure Investment Fund 4 (AIIF4), managed by African Infrastructure Investment Managers (AIIM).

Their investment aims to support AIIF4 in reaching its $500 million target fund size.

Anchor investor BII, the UK’s development finance institution, has committed $76 million, and FMO, the Dutch entrepreneurial development bank, has committed $40 million, to AIIM’s fourth pan-African fund.

Photo courtesy of andreas160578.

Source: Leadership News (link opens in a new window)

Energy, Investing, Technology
development finance, infrastructure, renewable energy