SAMI’s African-Infrastructure Feasibility Evaluation Fund (SAFE) provides globally recognised in-house expertise and our own capital to arrange infrastructure pre-feasibility screening, and to fully fund feasibility analysis of Sub-saharan Africa opportunities. Our technical, financial, and management support gives life to projects at an early stage when concepts need validation and proof of commercial viability before they can attract downstream, investment and project finance. Our professional certification processes ensures that projects we select will be supported and funded from the point when first qualified by us, to any later stage where project finance is made available by our fund partners, capital markets, or any other later stage source.
Africa needs between US$57 trillion between now and 2030 to maintain growth and upgrade it's infrastructure. Combined estimates average about US$93 billion per year. No single source can provide the capital required to fund Africa’s needs.
SAMI’s investment committee includes professionals who screen, manage, and prepare feasibility studies as part of our regular workflow. Every project presented to us is initially filtered through our IC and given an internal first stage preview. This process helps us identify a very basic checklist of items that form our Fatal Flaws Analysis, feasibility study preparation, and project plan.
Projects that have been selected by our IC qualify for feasibility funding. At this point SAMI will negotiate an equity position in the project in return for SAFE funding the entire feasibility process until a “Feasibility Report” becomes available. The actual feasibility document varies according to project type, funding needs, and timelines; therefore “completion” of feasibility requirements is normally determined during the planning stages.
Technical documentation that is the basis of our feasibility studies are part of the requirements for project finance in later stages. SAMI LP and GP partners will normally purchase the fund’s equity position in a project at later stages when feasibility studies are nearing completion and are expected to participate in further project development work or project finance once the fund exits.