Harith has directly sown the seeds of infrastructure in a number of countries in the continent. The sectors we are actively invested in are broad and range from communication, technology, transport, energy, water and sanitation. Our investment approach has been systematic and regional in its thrust and emphasis hence our investments, looked at in a different way, cover West, East, North and Southern Africa.
Harith is the inaugural fund manager appointed to pioneer and manage the Pan African Infrastructure Development Fund (PAIDF) wholly supported by African capital. Harith operates PAIDF on the basis of sound, transparent and fiscally responsible governing principles to achieve the objectives of the fund. Harith is circumspective and judicious in selecting the potential investment projects and considers appropriate exit strategies at the point of making investments. Harith maximises value and explores innovative means, guided by its strong commitment to corporate governance principles, to achieve superior financial returns for PAIDF investors.
It is necessary for Africa to aggressively invest in infrastructure in order to achieve higher economic growth. Many African economies are too small to achieve the economies of scale enjoyed in larger and more developed economies. This makes transaction costs high and results in a lack of competitiveness. Sharing the production, management and operation of infrastructure facilities, development corridors and hubs can make a significant impact. Africa is open to Public Private Partnerships (PPPs) as one of the best ways of fostering infrastructure development. Participation in PAIDF gives investors access to large-scale PPP projects with potentially superior returns on risk capital. Harith is an Afro-optimist and believes in the considerable potential of the African continent.