African Infrastructure Investment Managers Invests USD54m in Savannah Petroleum Gas Assets in Nigeria

Source(s): Africa Global Funds

African Infrastructure Investment Managers (AIIM) invested USD54m from its pan-African infrastructure fund AIIF3 in two Nigerian gas assets from Savannah Petroleum, a UK-based oil & gas company. AIIM now has a 20% minority stake in gas field Seven Uquo Gas and a 20% minority stake in Accugas, which handles infrastructure for processing and distribution of Uquo. Read more»