AIIMS invests in MetroFibre Network
African Infrastructure Investment Managers (AIIM has acquired a minority equity stake in MetroFibre Networx (Pty) Ltd, a South African open-access fibre network operator, through the newly incorporated Digital Infrastructure Investment Holdings platform. AIIM’s investment forms part of a ZAR 1.5 billion (US$ 96.83 million) equity funding round to support Metrofibre’s capital expansion plan which exceeds ZAR 3 billion (US$ 193.66 million) over the coming three years and will further enhance the company’s empowerment positioning.
Existing shareholder STOA, a foreign investment vehicle-based in France, is providing incremental funding as part of the transaction together with new investment by the founders of the South African Housing & Infrastructure Fund (SAHIF), Rali Mampeule and Kameel Keshav. The transaction sees AIIM, STOA, and SAHIF partner with remaining shareholders of MetroFibre, including Sanlam Private Equity and African Rainbow Capital.
Country updates
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