Africa Infrastructure Investment Fund 2

South Africa, Nigeria, Ghana, Kenya Infrastructure, Communications and IT Services

Founded in 2000, African Infrastructure Investment Managers (AIIM) is one of Africa’s leading infrastructure investment firms. The South-African based firm also has offices in Nigeria, Kenya and Cote d’Ivoire which manage investments spanning 15 countries across East, West and Southern Africa.

The firm looks to invest in greenfield and brownfield infrastructure projects including toll roads, renewable energy, power generation, ports, and communication infrastructure assets.

A sub-Saharan Africa focused broad infrastructure fund investing at or around financial close across sectors, including power and transport.

This investment was made when British International Investment was named CDC Group. It was also was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.


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.

Communications and IT Services, Infrastructure
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 British International Investment committed capital to the business or project.

For funds, this is the date that British International Investment committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

March 2010

For direct investments, this is the total amount that British International Investment has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that British International Investment has committed to the fund.


This is the investee company’s place of incorporation; or a fund’s jurisdiction.


Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
South African Toll Road Company

South African Toll Road Company designed, built and operates a 95km section of the N1, running from Pretoria north to Bela Bela, and a 290km section of the N4, which runs from Pretoria west to the Botswana border.

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South Africa Africa, Southern Africa Infrastructure October 2010 Active
Kinangop Wind Park Limited

Kinangop Wind Park is a 60 MW wind farm in central Kenya. It will be one of the largest wind park investment in East Africa to date, and the first commercial project in the region. It is expected that Kinangop Wind Park will be constructed by mid 2015 and it will deliver electricity to 150 000 Kenyan households

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Kenya Africa, East Africa Infrastructure December 2013 Active
IHS Holding Limited

IHS is one of the largest telecommunications tower infrastructure providers in Africa. IHS currently owns over 715 towers in Nigeria where it leases space on the towers to Mobile Network Operators (MNO) under 10-15 years contracts.

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Nigeria Africa, West Africa Communications and IT Services March 2014 Active

Cenpower is a 340 megawatt gas and oil fired combined cycle power plant in Kipone, approximately 25 km from Accra. It should provide improved access to low cost electricity in Ghana and improve usage of the West African Gas Pipeline Project.

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Ghana Africa, West Africa Infrastructure December 2014 Active

We are now British International Investment