Meridiam Infrastructure Africa Fund closes at EUR546

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Meridiam has closed its Meridiam Infrastructure Africa Fund (MIAF) which was reopened in November 2018 for EUR546 (US$613.5 million) surpassing its initial target of EUR 510 million (US$568 million). 

The Fund was launched in 2015 for an initial amount of EUR207 million (US$230.7 million). It is intended to fund greenfield infrastructure projects in Africa of which, insofar, has financed and developed 14 major projects. 

Among the projects that the Fund has invested in are four solar parks in Senegal with a combined capacity of 140 MWp, the 500-MW Tulu Moye geothermal power station in Ethiopia and the Biokala biomass power plant in Cote d'Ivoire. It also backed NEoT Offgrid Africa (NOA), a joint venture between Meridiam, EDF and Mitsubishi Corporation focused on the development of distributed energy projects in Africa.

List of the country updates

Country updates

  • April 09, 2019

    Globeleq and partners sign an amended concession for Azito Phase IV power plant expansion project

    Globeleq and IPS (West Africa), a company owned by the Aga Khan Fund for Economic Development, have announced its subsidiary, Azito Energie SA, has signed an amended Concession Agreement with the Gove...

    Read more
  • January 16, 2019

    First close for AfDB-sponsored Off-Grid Energy Access Fund

    The Off-Grid Energy Access Fund (OGEF) has reached its first close with committed capital of US$58 million from the African Development Bank, the Nordic Development Fund, the Global Environment F...

    Read more
  • December 28, 2018

    Côte d'Ivoire signs Atinkou power plant project concession with Eranove

    The Government of Côte d'Ivoire has signed a concession agreement with Eranove Group for a US$431.7 million power plant project. The 390 MW Atinkou combined-cycle gas power plant will be develo...

    Read more
  • July 03, 2018

    AIIM completes acquisition of a stake in African airport operator from Egis

    African Infrastructure Investment Managers (AIIM) has acquired a 50% stake in an airport holding company Société d’Exploitation et de Gestion Aéroportuaires (SEGAP) for an u...

    Read more
  • April 04, 2018

    Bolloré to invest US$500 million in port terminal in Abidjan

    The deputy CEO of Bolloré Transport and Logistics has stated publicly that the company plans to invest EUR400 million (US$491.6 million) to build a second container terminal at the port of...

    Read more

Share this update