Maersk teaming up with pension firms in new African infrastructure fund

Africa Infrastructure Fund I to focus on sustainable transport and energy investment

Christian Wenande

Aug 9, 2017

The Danish shipping giant Maersk has joined forces with three pension firms –PensionDanmark, PKA and Lægernes Pension – to establish a new infrastructure fund in Africa.

The four partners have already shelled out a total initial investment of about 3.5 billion kroner for the new fund, which has been given the title ‘Africa Infrastructure Fund I’.

“We are very pleased to be among the anchor investors in Africa Infrastructure Fund I,” said Torben Möger Pedersen, the CEO of PensionDanmark.

“We see it as a unique opportunity to invest in a region with a high economic growth and attractive investment potential in co-operation with a partner, AP Møller Capital, which has considerable experience with investing in the region, as well as possessing a potent network and pipeline of interesting investment possibilities.”

READ MORE: Africa counting on Denmark to lead it to greener pastures

Decade in the sun
Africa Infrastructure Fund I, as its name suggests, will focus on infrastructure projects within Africa – particularly within transport and energy.

The fund’s investments are to support sustainable economic growth and welfare in Africa, while generating attractive profits for the fund’s investors.

The fund will open its doors to prospective investment partners from Denmark and abroad over the coming year, and it is expected to make 10-15 investments over the next decade or so.

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