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. AIIM’s investment forms part of a ZAR1.5 billion equity funding round to support Metrofibre’s capital expansion plan which exceeds ZAR 3 billion over the coming three years and will further enhance the company’s empowerment positioning. The investment signals African Infrastructure Investment Manager’s (AIIM) expansion in the digital infrastructure sector, through newly created Digital Infrastructure Investment Holdings platform as well as the renewed support of the French investment vehicle STOA to MFN in the African telecommunication sector.Ĭape Town/Johannesburg/Paris, XX November, 2020: African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers, 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.
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