African Infrastructure Investment Fund 4 (AIIF4)


USD640 million (Target)


AIIF4 is AIIM’s fourth pan-African infrastructure fund continuing the mandate and strategy executed for the AIIF2 and AIIF3 funds.

AIIF4 targets investments behind three key themes: digital infrastructure, energy transition and mobility & logistics across sub-Saharan Africa.

AIIM’s strategy is to target sustainable infrastructure investments across Africa, one of the world’s most underserved infrastructure investment markets globally, through the deployment of investment strategies developed from investing in the sector for 20+ years. AIIM applies its established ESG and sustainability practices in building the portfolio for AIIF4, which is an FMO Green Labelled fund and is part of the global 2x Challenge for gender lens investing.


The Logistics Group, South Africa, Mozambique, Namibia, Zambia and Tanzania
Integrated ports operator and logistics service provider in Southern Africa

Eastcastle, Nigeria and Democratic Republic of Congo
Interest in a telecom tower company

NOA, South Africa
Interest in an integrated renewable energy platform

Infraconnect 15 & 18, Kenya
Interest in a 80km road upgrading programme

Commercial Cold Holdings, South Africa & Namibia
Interest in temperature-controlled logistics platform

N+One Data Centers, Morocco & Senegal
Interest in a carrier neutral data center operator