Improved economic environment bodes well for Africa infrastructure development

The economic environment for private equity investments in Africa has improved from a few years ago during a global economic downturn, and this bodes well for infrastructure development on the continent, industry experts said on Tuesday. Romain Py, investment director and head of transactions at African Infrastructure Investment Managers (AIIM) said unlocking African pension fund money to invest in infrastructure debt on the continent would deepen local capital markets.