Blackstone Invest in African Infrastructure Development Firm

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Global asset management firm Blackstone have announced a partnership with Black Rhino, the infrastructure development firm founded in January 2012 by Brian Herlihy, the former CEO of the Seacom submarine cable development project. The partnership will complement Blackstone’s energy expertise with Black Rhino’s team of developers, construction project managers and development finance experts.

Black Rhino’s Herlihy looks back on a track record of having been involved in a portfolio of more than USD7bn of project finance infrastructure development on the continent, including refining, power plants, and transport infrastructure. From OPIC, Black Rhino have hired Mimi Alemayehou to join the company as managing director and member of the Executive Committee. Alemayehou will also serve as Executive Advisor and Chair of Blackstone Africa Infrastructure.

Black Rhino’s current project development pipeline includes projects in Djibouti, Ethiopia, Nigeria, and South Africa. Blackstone are investors in Uganda’s Bujagali hydropower plant through their portfolio company Sithe Global, and are founding investors in Kosmos, an oil and gas exploration company that began operations in Ghana.

Culled from africa-assets news


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