Africa Infrastructure Investment Managers to invest $31 million in BBOXX to electrify Africa

Energy
Wednesday, 16 January 2019 12:56
Africa Infrastructure Investment Managers to invest $31 million in BBOXX to electrify Africa

(Togo First) - BBOXX just got a $31 million financing from Africa Infrastructure Investment Managers (AIIM).

These monies will allow the British group to set up two million solar units by 2022, thus providing electricity to more than 10 million people in Africa, including Togo through the CIZO project.

According to Mansoor Hamayun (photo), CEO and Co-founder of BBOXX, the financing agreement “shows the commitment of BBOXX to raise more funds and attract more investments into the off-grid sector, by partnering with major global firms”.

The AIIM funding adds to a series of operations that helped BBOXX build strategic partnerships with major firms such as EDF in Togo, to boost access to large-scale energy. The French giant, let’s note, has powered more than 10,000 households in 2018.  

Let’s recall that Africa Infrastructure Investment Managers is one of the most important private equity fund managers in Africa, focused on infrastructures. It is a member of Old Mutual Alternative Investment with a portfolio of more than $2.1 billion.

Ayi Renaud Dossavi

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