In the pipeline

The development of critical infrastructure in Africa and Asia is getting a US$1 billion boost.

South Africa-based asset manager Ninety One reports that it will have ‘well over a billion dollars’ worth of pipeline over the next two to three years’ after it secured a total of US$620 million in financing commitments through its Emerging Africa & Asia Infrastructure Fund (EAAIF).

‘Africa will be a very dominant factor in our growth and a key focus,’ Moneyweb reported Martijn Proos, the firm’s co-head of emerging market alternative credit, as saying.

In 2024, the fund committed almost US$350 million (R3.62 billion) to 13 infrastructure – 11 of them in Africa.

Proos said the fund will focus on sectors such as renewable energy and digital infrastructure over the next three years.