Africa50 Group, the pan-African infrastructure investor and asset manager, has announced a $40 million investment from South Africa’s Public Investment Corporation (PIC), acting on behalf of the Government Employees Pension Fund (GEPF).
With this move, the PIC becomes Africa50’s 36th shareholder, joining 32 African nations, the African Development Bank (AfDB), the Central Bank of West African States (BCEAO), and the Bank Al-Maghrib.
The PIC, one of Africa’s largest asset managers with $141.5 billion in assets under management (AuM), brings significant financial muscle to Africa50’s mission of mobilizing African institutional capital for infrastructure development.
Read more at Nairametrics
With this move, the PIC becomes Africa50’s 36th shareholder, joining 32 African nations, the African Development Bank (AfDB), the Central Bank of West African States (BCEAO), and the Bank Al-Maghrib.
The PIC, one of Africa’s largest asset managers with $141.5 billion in assets under management (AuM), brings significant financial muscle to Africa50’s mission of mobilizing African institutional capital for infrastructure development.
Read more at Nairametrics