Nigeria: Africa50 invests in Azura Power Holdings
Issue 408
- 30 Jan 2020
| 1 minute read
The Africa50 infrastructure fund has invested in Azura Power Holdings Ltd (APHL), a power project developer backed by UK private equity firm Actis that holds a majority stake in the 459MW Azura-Edo gas power plant. The December transaction allowed African Infrastructure Investment Managers’ African Infrastructure Investment Fund 2 and one other shareholder to exit the project.
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