A key funder of South Africa’s renewable energy drive is backing natural gas as the fuel needed to help the country bridge the transition from coal power generation to the use of wind and solar.
Browsing: African Infrastructure Investment Managers
Old Mutual’s private equity unit has acquired a stake in a second data centre in sub-Saharan Africa as it expands to take advantage of a shortfall in cloud storage capacity on the continent.
Though Amazon.com is staying mum for now on details of its planned “utility-scale” renewable energy project in South Africa, it has emerged that it will source the power from a giant solar farm to be built in the Northern Cape.
South African fibre broadband provider MetroFibre Networx has raised R1.5-billion in a new funding round led by infrastructure-focused private equity fund manager African Infrastructure Investment Managers.
A R32-billion infrastructure fund owned by Old Mutual said South Africa should start with power as it embarks on a R2.3-trillion drive to lure private investment into infrastructure over the next decade.