British International Investment (BII) and Dutch Development Bank (FMO) have committed US$116 million to African Infrastructure Investment Fund 4 (AIIF4). AIIF4 is a fund managed by African Infrastructure Investment Managers with a target value of US$500 million. The commitment will from BII and FMO will help achieve the target capital of AIIF4.
AIIF4 will invest across three infrastructure sectors in Africa: Rooftop solar; Digital Infrastructure such as mobile telecom towers, datacenters, fiber optic networks, etc; and transportation infrastructure such as ports, roads, etc. Along with infrastructure projects, the fund also aims to invest 20% of the capital in climate finance qualifying projects to contribute in reducing greenhouse gas emissions.