The funds are invested in a number of major projects in diversified sectors such as energy, transport, information and telecommunications, and water and sanitation. Harith recently added health as a sector. PAIDF is supported by African capital raised from state pension funds, development finance institutions, top investment banks and financial institutions.
Harith is one of the largest investors in African infrastructure, with a long track record of value creation across the continent in the five core infrastructure sectors of energy, transport, telecommunications, health, and water. Headquartered in Sandton, Harith has developed a pipeline of infrastructure projects designed to make a material difference to Africa's gaping infrastructure deficit, which the World Bank estimates costs the continent 2% of GDP a year in lost growth.
Since its establishment over a decade ago, Harith has become the first port of call for every major African infrastructure project sponsors and developers needing funding and expertise. This status is thanks to our track record of successfully executing complex mega infrastructure projects, strong institutional culture, grounded in ethical conduct and excellent corporate governance. Our partners include some of the largest development finance institutions and banks investing in South Africa and the rest of Africa.
Harith is also in a partnership with Asset and Resource Management Company Ltd (ARM), a leading Nigerian financial services company which currently manages over US$2.7bn of assets, to form the ARM-Harith Infrastructure Fund (ARMHIF). ARMHIF invests in infrastructure projects in West Africa. Harith has also launched PROGENY which is a project development fund seeking to strengthen project origination capacity in Africa.
In partnership with Namibian based INO Capital, Harith has jointly started the Namibia infrastructure Fund (NIF). The partnership is grateful for the role played by the GIPF of Namibia which has championed the establishment of the fund. The NIF is a dedicated Namibia focused Infrastructure Fund. The GIPF invested N$ 280m into the Fund.
“Our mission is to find commercial solutions to overcome development challenges in Africa.”