Frequently Asked Questions
Africa Plus Partners Nigeria Limited
We raise, invest and manage infrastructure funds for emerging market investors seeking value investments in Africa. We also offer impactful, carbon+, sustainable investment opportunities in infrastructure businesses that can benefit from our value engineering and core deal structuring expertise in Africa. Through maintaining a deep deal pipeline, we can cultivate complex infrastructure programs requiring a mix of local and foreign currency denominated equity and debt financing.
Africa Plus Partners was founded in 2016 by Anhad Narula and Adeniran Ajakaiye
Africa Plus Partners observes strict compliance practices in adherence to local laws and global best practices. Various aspects of our operations are at different times primarily regulated by the Securities Exchange Commission (SEC) and the Central Bank of Nigeria. Depending on the nature of each transaction, there may be other regulatory bodies whose purview may touch one or some aspects of our involvement in a project, either as investors or asset managers with active governance positions.
We are focused on investing in and helping to catalyze the development of sustainable infrastructure businesses and related ecosystems. We place emphasis on projects with a high-level of ESG compliance built into its strategy and projects with opportunities for de-carbonization in the infrastructure value chain.
Our investments seek to generate predictable yield, asset value appreciation and distributions for investors whilst delivering (essential) impact on host communities and national economies.
Carbon positive means going beyond Net zero and building systems that reduce or remove emissions, thus making a positive contribution to the environment.
Africa Plus Partners currently manages a total of three (3) funds:
- AIPF I – The Africa Infra Plus Fund (“the Fund”) is a SEC approved Nigerian Naira Infrastructure N20.5bn fund that exposes investors to some of the most attractive infrastructure opportunities in Nigeria with a target blended IRR of 25+%. The Fund is focused primarily on Nigeria with an option for up to 10 – 15% on West Africa.
- AIPF II – The N200bn Fund is a SEC approved Nigerian Naira Infrastructure fund that provides investors exposure to some of the most attractive infrastructure opportunities in Nigeria.
- InfraCorp – This is a N15trn Infrastructure Fund set up by the Central Bank of Nigeria (CBN), the Africa Finance Corporation (AFC) and the Nigeria Sovereign Investment Authority (NSIA) to catalyse investment into Nigeria’s Infrastructure sector. The Fund is to be managed by 4 independent asset managers including the Triple A Consortium (comprising Africa Plus Partners, ARC Asset Management and Afrinvest).
Our funds are sector-agnostic, subject to the Fund manager’s review of the funds overarching strategy in close consultation with the Funds’ Investment Committee (IC). Some of the key sectors our funds have invested in include power (including renewables), transportation (ports, airports, rail, roads) and basic infrastructure in Nigeria (with opportunistic oversight of West African countries).
Key focus is majorly on small to major infrastructure projects (“the missing middle”) in the sectors highlighted above.
These are majorly institutional investors and corporate entities
- First Modular Gas Systems Limited (LPG & CNG modular processing plant in the South East region of Nigeria)
- Ecologique Transport (logistics company that uses trucks running on compressed natural gas – CNG)
- Bastanchury Power Solutions Limited (an 8.5MW power plant in Delta State)
- Terpex (a 2,400MT LPG Inland Storage and distribution plant)
- Windsworth Hostels (a 1,600 bed space hostel at the University of Calabar)