PME African Infrastructure’s investment objective was to achieve significant total return to investors through investing in infrastructure projects and related opportunities across a range of countries in sub-Saharan Africa. The main investment focus lay within existing or greenfield projects in Angola, Botswana, the Democratic Republic of Congo, Ethiopia, Ghana, Mozambique, Nigeria, Rwanda, South Africa, Tanzania, Uganda and Zambia.
PME Africa’s mandate allowed it to invest in the transportation, telecommunications, energy, water and sanitation, and infrastructure-related real estate sectors. Where appropriate, it may have engaged in public-private partnerships.
However, since May 2012, the company has been selling its investments and returning the proceeds to shareholders.