African Development Bank to play bigger role in African economies by investing in infrastructure private equity

The Board of Directors of the African Development Bank ( has approved its third equity investment of US$40 million in Africa Infrastructure Investment Fund (AIIF3), a closed-ended pan-African infrastructure fund managed by South Africa-based Africa Infrastructure Investment Managers (AIIM).

AIIM is one of Africa’s most experienced infrastructure fund managers. The Fund will focus on acquiring positions of significant influence in roads, airports, rail links, bridges, ports, logistics, power generation, utility distribution, as well as telecommunication assets. AIIF3 boasts an extensive pipeline of bankable or near-bankable infrastructure projects. Having reviewed hundreds of potential investments, AIIM has narrowed down a…

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