Bora Africa will then raise additional financing to execute an approximate US$192 million pipeline of acquisitions and new asset development opportunities in sub-Sahara Africa.

Financing to support the acquisition and development of the industrial pipeline assets in Kenya, Mauritius and Nigeria is being negotiated with the International Finance Corporation with the balance of the financing required for the pipeline assets to be provided by Grit and co-investors in the form of equity and by private financial institutions in the form of senior debt.