IFC, a member of the World Bank Group, has invested $30 million in equity in the African Infrastructure Investment Fund 4 Partnership (AIIF4) to support infrastructure projects, including digital real estate. Managed by Africa Infrastructure Investment Managers (AIIM), a part of the Old Mutual Group, the fund will focus on telecoms, renewable energy, and transport projects across Africa, with specific attention to Côte d’Ivoire, Egypt, Kenya, Morocco, Senegal, and South Africa.

In the telecoms sector, the fund will finance data centers, fiber networks, and communications towers. In the energy sector, it will target utility-scale renewable energy platforms and commercial/industrial projects. For transport infrastructure, the fund will prioritize investments in mobility and logistics, bulk-handling infrastructure, and temperature-controlled logistics.

IFC’s $30 million investment will help AIIF4 surpass its final close target of $500 million. Sarvesh Suri, IFC Regional Industry Director for Infrastructure and Natural Resources in Africa, stated that this partnership with AIIM will support digital asset development and strengthen renewable energy and transportation sectors in multiple African countries.

IFC is providing a US$65 million investment program for African Infraco CSquared’s expansion and growth. Additionally, IFC has partnered with Togolese mobile operator Togocom to enhance mobile connectivity in Togo. IFC will provide Togocom with a €55 million loan, structured with the participation of Société Générale Benin and Ecobank Togo. This support aims to modernize infrastructure, accelerate the 4G network rollout, expand the fiber network, and improve data traffic quality and speed. Cina Lawson, Minister of Digital Economy and Transformation of Togo, highlighted the partnership’s significance in improving access to high-speed internet and fostering economic opportunities for the population, aligning with Togo’s commitment to digital innovation.