African Development Bank adds to African infrastructure fund portfolio

by Richard Stus

  • 23 Feb 2010
  • INF

The Board of Directors for the regional multilateral investment bank have authorised a EUR 15 million commitment to the Argan Infrastructure Fund (ARIF), a vehicle managed by the Moroccan-based affiliate of Argan, Infra Invest. African Development Bank (AfDB) has already accrued an extensive portfolio of economic and social infrastructure fund investments focusing on the African region, typically committing USD 10-50 million to funds managed by African Infrastructure Investment Managers, Emerging Capital Partners, Fieldstone Investments Advisors Mauritius, and Natixis Environnement & Infrastructures. The commitment will provide AfDB with exposure to economic infrastructure projects located primarily in North Africa and West Africa, and opportunistically in the countries of Sub-Saharan Africa. The fund is targeting greenfield and brownfield projects in the energy, transport and logistics, water and electricity distribution, environmental services, telecommunications sectors as well as other infrastructure-related opportunities.

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