FMO, the Dutch government’s entrepreneurial development bank, and British International Investment, the UK governments development finance arm, have committed $116 million to the African Infrastructure Investment Fund 4. The fund is managed by African Infrastructure Investment Managers.

FMO, the Dutch government’s development bank, and British International Investment, the UK governments development finance arm, have committed $116 million to the African Infrastructure Investment Fund 4. The investment will support the fund’s goal of reaching $500 million in pledged funds.

British International Investment is the fund’s anchor investor and has committed $76 million. FMO has committed $40 million. Old Mutual, a prominent African financial services group, has provided a cornerstone investment for the fund.

Old Mutual, FMO, and British International Investment’s contributions to the fund meet UN Sustainable Development Goals 7, affordable and clean energy, 8, decent work and growth, and 9, industry, innovation, and infrastructure.

Source: https://www.privateequitywire.co.uk/2022/07/27/316374/british-international-investment-and-fmo-commit-116m-african-infrastructure