UK’s Actis to double energy investments in Egypt in 5 years

The company will inject $2bln in African countries

  
Power plants at sunset, industrial and transportation. Image used for illustrative purpose.

Power plants at sunset, industrial and transportation. Image used for illustrative purpose.

Getty Images

ArabFinance: UK-based Actis plans to double its energy investments in Egypt and other African countries over the coming five years, Bloomberg cited Lisa Pinsley, head of Africa energy infrastructure at Actis.

The company will inject $2 billion in African countries including Egypt, Nigeria, South Africa, Kenya, Ivory Coast and Ghana, focusing its investments on wind, solar and gas energy resources.

The private equity firm focused on emerging markets plans to finalize deals on six African power projects in 2021.

The company’s investments would range between $200 million and $300 million over the running year.

Furthermore, the London-based firm started working on expanding its portfolio of renewable energy and water treatment assets.

The company is also looking to enter Egypt’s education sector this year with acquisition through Honoris United Universities, in which it holds a controlling stake.

Actis has invested over USD 1 billion in Egypt and is active in the country’s renewables sector through Lekela Power

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