Ninety One-run infrastructure fund plans $1 billion investment in Africa and Asia
The Emerging Africa & Asia Infrastructure Fund, managed by Ninety One Plc, plans to invest $1 billion in projects across Africa and Asia over the next three years. The bulk will go toward renewable-power projects and off-grid systems for industrial and commercial users, said fund managing director Martijn Proos. Other planned investments include electric vehicles, telecommunications infrastructure, ports and toll roads.