The International Finance Corporation (IFC) has made a US$30 million equity investment in the Africa Infrastructure Investment Fund 4 (AIIF4).

Managed by Africa Infrastructure Investment Managers (AIIM), a subsidiary of the Old Mutual Group, the fund will provide support for projects in the telecommunications, renewable energy, and transport sectors throughout Africa, with a specific emphasis on Côte d'Ivoire, Egypt, Kenya, Morocco, Senegal, and South Africa. In the telecommunications sector, the fund's focus will be on financing projects related to data centers, fiber networks, and communications towers. Regarding the energy sector, the fund aims to invest in utility-scale renewable energy platforms as well as commercial and industrial projects. In the transport infrastructure sector, the fund will prioritize investments in mobility and logistics, bulk-handling infrastructure, and temperature-controlled logistics.

To help AIIF4 surpass its final close target of US$500 million, the IFC has made a US$30 million own-account investment. The IFC's investment aligns with the Digital Economy for Africa (DE4A) initiative of the World Bank Group (WBG), which aims to address the digital connectivity gap in sub-Saharan Africa. This investment is also part of the broader strategy of the WBG to accelerate electrification in Africa, working towards achieving universal access to power on the continent by 2030.