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Risk managment

through an integrated multi-disciplinary team of professional service partners

AIPF Investment Strategy

AIPF Target Geographies Focus on Sub-Saharan Africa
Locations selected based on:
• Investment climate
• Infrastructure funding focus
• Conducive taxation environment
• Foreign direct investment and foreign exchange policy
• Enabling legislative environment (supporting development)
• Safety and security indices of global aid organisations (e.g. Global Peace Index, Global Safety Index, etc.)

  • North Africa $ 14.1 bn 17% 17%
  • West Africa $ 15.2 bn 18.2% 18.2%
  • Central Africa $ 4.9 bn 5.9% 5.9%
  • East Africa $ 19.3 bn 23.1% 23.1%
  • Southern Africa Excluding RSA $ 16 bn 19.2% 19.2%
  • RSA $ 11.7 bn 14% 14%
  • Unallocated $ 2.3 bn 2.6% 2.6%

AIPF Target Sectors

Strategically selected based on:

  • the infrastructure backlog on the African continent
  • an analysis of funding in emerging market
  • intentional alignment with the infrastructure development industry on the continent
  • AIPF focuses on five core, fundable sectors:
  • Transport 20% – Including rail, road, concessions, and logistics
  • Energy 20% – Including renewable energy, transmission lines, and captive energy solutions
  • Water 20%– Including water treatment, waste water services, captive water solutions, and agricultural water applications
  • Real Estate 20%– Including commercial and residential structures and developments
  • Health 10%– Including health planning, design, licensing and facilities management
  • 10% of the Facility may be allocated to alternative sectors with proven fundability, such as Education, Agriculture and ICT, at the discretion of the Management and Investment Committees.
    • Transport $ 34.7 bn 41.6% 41.6%
    • Water $ 8.1 bn 9.7% 9.7%
    • Energy $ 34.7 bn 41.6% 41.6%
    • ICT $ 2.5 bn 3% 3%
    • Multi sector $ 2.2 bn 2.7% 2.7%
    • Unallocated $ 1.2 bn 1.4% 1.4%
    Indicative Prudential Limits

    The Company will not invest more than 10% of the Target Capitalisation in one project unless it’s a strategic opportunity that has been specifically approved by the Board and IC. The Company will not invest more than 15% of the Target Capitalisation in one single country unless it’s a strategic opportunity that has been specifically approved by the Board and IC. The Company will not invest more than 20% of the Target Capitalisation in one sector unless it’s a strategic opportunity that has been specifically approved by the Board and IC.

    Expected Portfolio IRR
    AIPF management targets an average IRR of 24.5% over a 10 year period