PHOTO
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 companys 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 Egypts 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 countrys renewables sector through Lekela Power
Copyright 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).