Announcement - The African Development Bank has signed a $20 million equity investment in the African Infrastructure Investment Fund 4 (AIIF4). The deal, signed on 31 July 2024, reinforces the Bank's commitment to fostering private sector development and boosting infrastructure across the continent.
The Africa n Development Bank has signed a $20 million equity investment in the Africa n Infrastructure Investment Fund 4 . The deal, signed on 31 July 2024, reinforces the Bank's commitment to fostering private sector development and boosting infrastructure across the continent.
AIIF4, with a 13-year term and a 5-year investment period, has completed its first closing at circa $230 million, attracting international investors. To date, the Fund has raised more than the $500 million target, with the final close expected to be concluded in Q3 2024. "By providing this scarce private equity investment to AIIM to bridge the infrastructure financing gap in Africa, the Bank is reinforcing its commitment and support to developing infrastructure in Africa to private sector participation.
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