European investment management company Meridiam announced today the closing of the reopening of its Meridiam Infrastructure Africa Fund (MIAF) for a total amount of €546 million, above its initial target of €510 million. Launched in 2015, for an initial amount of €207 million, the initial commitment has already been fully invested two years before the end of the investment period. At the end of this closing, it is now 2.5 times bigger than at the beginning.
This fund has already financed and developed 14 major projects for Africa amounting to more than EUR 3 billion, including the Tulu Moye geothermal power plant. With a final capacity of 500 MW, it is the first Independent Power Producer (IPP) in Ethiopia.
