One of Africa’s largest infrastructure equity fund managers, Africa Infrastructure Investment Managers (AIIM), has acquired a minority share in the Amandi IPP power plant located in western Ghana.
AIIM, a member of the Old Mutual Alternative Investments, has financed the investment through its third Africa-focused investment fund which is aimed specifically at the power, transport and infrastructure sectors in sub-Saharan Africa.
The Amandi deal is the fifth investment made by the fund and partly inspired by the fact that power sector reform is a stated objective of the current government in Ghana. “When operational, this project will add another 200W of capacity to the grid and help the country meet its growing energy needs,” said Olusola Lawson, Investment Director and Head of West Africa at AIIM.
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