African Infrastructure Investment Managers AIIM announced it has acquired a 22% minority stake for an undisclosed amount in Sodigaz APC, a Burkinabe family-owned group that distributes gas cylinders. The seller is the Amethis group.
AIIM manages and develops funds dedicated to infrastructure projects in 19 countries in East, West, and Southern Africa. The fund manager wants, through this acquisition, to strengthen its position in the West African energy sector.
"Sodigaz is a local leader in the distribution of gas cylinders, and we look forward to working with Ms. Bolly and her team to expand operations across West Africa, diversify products and provide sustainable energy in the region," said Patrick Kouamé, investment director at AIIM.
Amethis exited the Burkinabe group’s capital after four years of partnership during which the company helped Sodigaz consolidate its leadership in the gas market in Burkina Faso. Currently, Sodigaz controls about 60% of the gas cylinder distribution market in the country.
Chamberline Moko
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
Côte d’Ivoire raises 110bn CFA francs, meeting full target Investor demand hits 291bn CFA fra...
Sonatrach to begin drilling at Kafra block in Niger Operations target oil potential across 23,737 sq km area Project revives 2018 discovery with...
Rockefeller, GEAPP commit over $100 million to Mission 300 initiative Funds support electrification planning, coordination, and investment...
Deal covers counterterrorism, conflict prevention, and cybersecurity cooperation EU delivers military equipment under €50 million support...
Project upgrades 77 km road to boost trade, regional connectivity Initiative aims to create jobs and support economic growth Cameroon and...
AI forces newsrooms to balance automation with credibility and trust Agentic AI boosts efficiency but risks scaling disinformation...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...