In 2017, CDC invested $45 million into AIIF III alongside German DFI, DEG. Our investment will support the development of vital infrastructure in Africa.
Africa’s economic growth is hamstrung by a lack of essential infrastructure, notably in power generation, but also in transport and logistics. Our investment will enable the fund manager to develop power projects in some of the continent's most challenging and underserved countries, which will underpin wider economic growth. The fund will also help develop, expand and improve transport links and logistics hubs through its investment. In addition, the fund manager will provide strategic, commercial, operational and financial expertise to investee companies. The team has so far invested in landmark projects across West Africa, including IHS in Nigeria and the Cenpower and Azura power projects, in Ghana and Nigeria, respectively. It has also made seed investments into the pan-African AIIM Hydroneo Power, Tanzania's DSM Corridor Group, and Mali's Albatros Energy which, once complete, will be one of the first independent power projects to feed into the national grid, as well as several other transactions.
Environmental and social aspects
We continue to support the fund manager in the implementation of its robust Environmental and Social Management System (ESMS), particularly in managing specific risks associated with this sector.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
For funds, the countries listed here are those the fund has invested in so far.
- Burkina Faso, Ghana, Mali, Nigeria, Tanzania
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- Africa Infrastructure Investment Managers
- Start date
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- May 2017
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- South Africa
Investments made by this fund
|Investment name||Country||Region||Sector||Start date||Status|
| AIIM Hydroneo|
AIIM Hydroneo is a pan-African power development platform.
| Albatros Energy|
Albatros Energy Mali (AEM) will build, own, operate and transfer a 90 megawatt (MW) thermal power station in Kayes, western Mali. This is the first independent power project (IPP) to feed into the national grid in Mali.
|Mali||Africa, West Africa||Infrastructure||June 2017||Active|
| DSM Corridor Group|
DSM Corridor Group Ltd is a specialist dry bulk termoinal operator in the Port of Dar es Salaam.
|Tanzania||Africa, East Africa||Infrastructure||June 2017||Active|
| Proton Energy|
Proton Energy is a development company with plans to develop a 150MW gas fired power plant in Sapele, Nigeria.
|Nigeria||Africa, West Africa||Infrastructure||June 2017||Active|
| Windiga Energy|
Windiga Energy Inc. (Windiga) is an African focused renewable energy development company developing its inaugural 26.6MW solar PV project, Zina Solar Power (Zina), in Bukino Faso.
|Burkina Faso||Africa, West Africa||Infrastructure||June 2017||Active|
| Amandi Energy|
The Amandi Energy Independent Power Project (IPP) involves the construction of a 203 megawatt (MW) combined cycle gas turbine in Western Ghana, near the coastal town of Aboadze. Amandi Energy is part of the STL Group, an infrastructure and energy group that has operated in Ghana and West Africa for over 30 years.
|Ghana||Africa, West Africa||Infrastructure||December 2017||Active|
|Starsight||Nigeria||Africa, West Africa||Infrastructure||December 2017||Active|
|Petroleum Products Pipeline SA (3PL)||March 2018||Active|