Source: Business Report

By Tonny Mafu

Johannesburg - The Public Investment Corporation (PIC), which manages more than R600 billion of government employee pensions, and other institutional investors have launched the first infrastructure fund made up of funds raised solely in Africa.

The Pan African Infrastructure Development Fund (PAIDF) is meant to channel financial resources towards basic infrastructure in the continent, with particular focus on energy, transport, telecommunications, water and sanitation.

It has already raised $625 million (R4.5 billion) and is gunning for the $1 billion mark in the next six months.

Full Story...

Posted by pichu at June 11, 2007 8:47 PM