African Infrastructure Investment Managers (AIIM) submitted an indicative bid for a 60% stake in Lekela Power, Reuters reported, citing unnamed sources. Lekela, one of Africa’s largest renewable energy companies, could be worth $2 billion in total, the report said. AIIM declined to comment, it added. Africa-focused power firm Globeleq, 70%-owned by British government development finance […]
Nigeria’s Starsight Energy plans east Africa solar power expansion
Nigerian solar power provider Starsight Energy plans to expand to Kenya, Uganda and Tanzania, Sola Lawson, managing director and co-head at African Infrastructure Investment Managers (AIIM), tells The Africa Report. Starsight is in the process of finalising an agreement with a partner for the expansion which should be concluded by the end of April. The […]
AIIM bets on solar power growth with further investment in Bboxx
African Infrastructure Investment Managers (AIIM) plans to invest more money into clean-energy utility platform Bboxx to fund the company’s growth, AIIM chief investment officer Romain Py tells The Africa Report. Private-equity firm AIIM’s stake in Bboxx, which operates in countries including Democratic Republic of Congo (DRC), Rwanda and Kenya, won’t increase from its current level […]