Infrastructure Finance

Infrastructure | AIIM acquires 44% stake in Mali Energy Farm

BAMAKO (Capital Markets in Africa) – African Infrastructure Investment Managers (AIIM), the continent’s most experienced equity investor in African infrastructure, through its AIIF3 fund, has acquired a 44% 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. Jurie Swart, AIIM’s…

Sub-Saharan Africa Needs Better Laws for $100 Billion Gap

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LAGOS (Capital Markets in Africa) – Sub-Saharan Africa needs solid legal frameworks, increased private-sector involvement and better fiscal incentives to plug its annual infrastructure-funding gap of about $100 billion, Boston Consulting Group and Africa Finance Corp. said. The region’s governments have insufficient strategic foresight, political will and policy certainty and numbers of adequately skilled people to improve delivery, the organizations said in a report released Tuesday in Nigeria’s capital, Abuja. Financial systems need upgrading to be sound…

Nigeria Seeks $5.2 Billion From World Bank for Electricity

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LAGOS (Capital Markets in Africa) – Nigeria is seeking $5.2 billion from the World Bank to expand electricity generation and help the economy recover from its first contraction in 25 years. The bank’s private-sector lending arm, the International Finance Corporation, may invest about $1.3 billion in power projects and electricity distribution companies. Its political risk insurer, the Multilateral Investment Guarantee Agency, could provide equity and debt of $1.4 billion for gas and solar power programs, according to Power, Works, and…

The Role of Commercial Debt In Infrastrcuture Funding

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LAGOS (Capital Markets in Africa) – It is without a doubt that innovative, consistent, funding sources are needed to fill the estimated circa USD93 billion annual African public infrastructure shortfall over the next decade in rail, road, port, water, and power infrastructure across the continent. A lot has been written about the state of existing infrastructure and the lack of new investment and maintenance which has led to the slow and meagre generation of GDP…

Zambia, Zimbabwe to Sell $440 Million Stake in Hydro Project

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LUSAKA (Capital Markets in Africa) – Zambia and Zimbabwe plan on selling $440 million in equity stakes in the hydropower plants that form the centerpiece of the proposed $4 billion dam that will straddle their border. This is according to a document published by Ernst & Young Advisory Services Pty Ltd., the countries’ adviser. The Batoka Gorge hydropower project on the Zambezi river between the Kariba dam and Victoria Falls, will produce 2,400 megawatts of power once complete…

Tanzania gets $2.4 bln infrastructure projects loan from World Bank

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DAR AS SALAAM (Capital Markets in Africa) – The World Bank will lend Tanzania $2.4 billion over the next three years to finance infrastructure projects, the bank’s president Jim Yong Kim said on Monday. Tanzania is seeking to finance for infrastructure projects as part of its plans to transforming the country into a regional transport and trade hub. “Tanzania will be able to access an estimated $2.4 billion in concessional financing, an increase of half a…

Home-grown African wealth funds seeking foreign partners to fix infrastructure gap

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LAGOS (Capital Markets in Africa) – Africa, famously short of new roads, ports and power stations, is increasingly leaning on its own sovereign investment funds to help fix its infrastructure gap. The funds – which have around $150 billion between them, according to research firm Preqin – are digging in themselves and offering co-investment opportunities and guarantees to attract foreign capital. The scale of the problem is huge – some 600 million Africans, or half the…

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