Finance

Burkina Faso: AIIM buys 22% stake in Sodigaz

Burkina Faso: AIIM buys 22% stake in Sodigaz
Wednesday, 01 September 2021 18:02

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

On the same topic
Côte d’Ivoire will receive $234 million for a sustainable urban mobility project in Abidjan. Gambia will receive $32.2 million to build...
Stanbic IBTC and Zenith Bank cut monthly card spending abroad to $500 and $200 Foreign reserves fall by $3.5 billion in six...
Cauri Money launches Gajo Money, an e-wallet for the Cameroonian diaspora, targeting €120 million in transactions by end-2025. The fintech...
• Kenya and ASR sign deal to reduce risk on projects worth up to $2 billion.• Risk cover will target infrastructure, energy, logistics, and trade...
Most Read
01

• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...

Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
02

• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...

Qatar Airways Expands its Network in Africa, Building Presence in Kigali, Johannesburg, and Nairobi
03

• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...

Nigeria Secures $100 mln ECOWAS Bank Loan for Lagos-Calabar Coastal Highway
04

• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 m...

EY’s Exit Creates $1bn Opportunity in Francophone Africa Consulting Market
05

• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....

UEMOA: Inflation Drops to 0.6% in May, Driven by Lower Food Prices
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.