African Infrastructure Investment Managers (AIIM has acquired a minority equity stake in MetroFibre Networx (Pty) Ltd, a South African open-access fibre network operator, through the newly incorporated Digital Infrastructure Investment Holdings platform.  AIIM’s investment forms part of a ZAR 1.5 billion (US$ 96.83 million) equity funding round to support Metrofibre’s capital expansion plan which exceeds ZAR 3 billion (US$ 193.66 million) over the coming three years and will further enhance the company’s empowerment positioning. 

Existing shareholder STOA, a foreign investment vehicle-based in France, is providing incremental funding as part of the transaction together with new investment by the founders of the South African Housing & Infrastructure Fund (SAHIF), Rali Mampeule and Kameel Keshav.  The transaction sees AIIM, STOA, and SAHIF partner with remaining shareholders of MetroFibre, including Sanlam Private Equity and African Rainbow Capital.