Investec to Manage U.S.$670 Million Emerging Africa Infrastructure Fund

By Goddy Egene

Investec Asset Management has been appointed to manage the $670 million Emerging Africa Infrastructure Fund (EAIF), a public-private partnership anchored by the governments of the United Kingdom, The Netherlands, Sweden and Switzerland.

According to the company, the appointment followed a competitive tender process that brought interest from over 30 companies globally.

Investec said this development deepened pan-African investment expertise and follows the recent launch of the Growthpoint Investec African Properties platform to invest in pan-Africa real estate, and the recent closure of its second Africa private equity fund.