IFC follows DFC in backing Andile Ngcaba’s Convergence Partners’ new vehicle
The South African fund is targeting a closing in the next quarter.
Someone shares this article with you
▪ IFC follows DFC in backing Andile Ngcaba’s Convergence Partners’ new vehicle
▪ The South African fund is targeting a closing in the next quarter.
▪ https://www.africabusinessplus.com/en/807223/ifc-follows-dfc-in-backing-andile-ngcabas-convergence-partners-new-vehicle/
The International Finance Corporation (IFC) will invest $25 million in the Convergence Partners Digital Infrastructure Fund, the third project launched by the South African impact investment management firm.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
New technologies
02/11/2022 at 16h37, by Africa Business+
Convergence Partners Chairman Andile Ngcaba seeks $250 million to close third fund
The South African businessman is targeting tech assets but has yet to close his latest investment vehicle.
Private Equity
21/01/2022 at 19h20, by Africa Business+
Tech: Andile Ngcaba’s Convergence Partners on track for final closing of CPDIF
The South African entrepreneur has attracted a German backer for an additional $20 million.
New technologies
18/11/2021 at 17h33, by Africa Business+
Andile Ngcaba’s Convergence Partners latest fund proves attractive
The $250 million vehicle is attracting renewed interest from European players, as evidenced by the recent...
Development Bank
18/08/2021 at 16h41, by Africa Business+
Washington makes a historic gesture towards CRRH, headed by Christian Agossa
The sub-regional funding body will be the recipient of a substantial grant from the US development agency.
Energy
26/04/2021 at 08h34, by Africa Business+
TCQ Power and Milele Energy raise $217 million for a power station in Sierra Leone
The two companies ended up finding financing for this project abandoned by its former donors.
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on at the bottom of your screen.
2. Click on to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.