The partnership aims to mobilise institutional capital for private sector projects in Africa via the ILX Fund I, which is backed by Dutch pension funds. It will also support a new fund set to be launched in coming months.
The water infrastructure funding gap is the largest of any infrastructure sector in Africa. We sit down with Metito’s Rami Ghandour and BII’s Chris Chijiutomi to discuss their Africa Water Infrastructure Development (AWID) initiative.
The Article 9 fund will invest primarily in Africa and Asia. US International Development Finance Corporation, Swedfund, Swedish International Development Cooperation Agency and other partners will provide capital and guarantees.