Old Mutual Takes Full Ownership of African Infrastructure Investment Managers
Old Mutual has acquired full ownership of African Infrastructure Investment Managers (AIIM) as part of its strategy to strengthen its asset management portfolio and capitalize on Africa’s growing infrastructure investment opportunities.
AIIM, which manages $1 billion in assets, invests in key sectors such as renewable energy, communication infrastructure, toll roads, airports, ports, and pipelines.
“This is another important step in achieving Old Mutual’s goal of becoming a leading African financial services provider,” said Ralph Mupita, CEO of Old Mutual Emerging Markets.
Infrastructure investment in Africa remains a major growth sector, and full ownership of AIIM positions Old Mutual to enhance its presence in this lucrative market.
AIIM, established 15 years ago as a 50/50 joint venture between Macquarie Group and Old Mutual Investment Group, operates offices in South Africa, Kenya, and Nigeria.
