African infrastructure fund says investors interested Tue 21 Aug 2007, 14:39 GMT

By Wendell Roelf

CAPE TOWN (Reuters) - Key banks and pension funds are interested in contributing to Africa's new infrastructure development fund, the fund's chief executive said on Tuesday as it woos international partners.

Designed to help improve and develop ports, roads and rail in the world's poorest continent, the Pan African Infrastructure Development Fund (PAIDF) was officially launched in July. It hopes to attract $20 billion over its 15-year lifespan.

"We've had preliminary discussions with institutions like Calpers (the California Public Employees' Retirement Fund, the biggest U.S. pension fund) ... We've told them about this fund. They are interested," chief executive Tshepo Mahloele said.

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Posted by rjorr at August 21, 2007 9:10 PM