On 25th April, 2025, the Commission received an application for authorization regarding acquisition of 25% minority shares from InfraCo Africa Limited in Golomoti JCM Solar Corporation Limited by Old Mutual Infrastructure Investment Fund.
According to the information submitted by the parties, Old Mutual Infrastructure Trust Fund was founded in December 2021, as a special purpose vehicle for infrastructure investments, with a focus on public infrastructure mainly student housing, transportation, and renewable energy.
According to the information sourced by the Secretariat, InfraCo originates, develops, structures and manages infrastructure projects across Africa, reducing risk and supporting their progress from early stage to operation. Their aim is to create a pipeline of bankable projects, ready to attract private capital and generate the sustainable impact that’s needed.
The proposed transaction is notifiable under the CFTA and is, therefore, subject to review by the Commission to establish whether it will likely raise competition concerns in the relevant market.
The Commission observed that the transaction will not change the existing market dynamics, would not lead to the creation of a dominant player but might result in a more competitive one and that there are no public concerns against this transaction.
Upon deliberations, the Commission authorized the proposed acquisition of 25% shares from InfraCo Africa Limited by Old Mutual Infrastructure Investment Fund.