British International Investment

Convergence Partners Digital Infrastructure Fund

MalawiMauritiusNigeriaSouth AfricaAfricaEast AfricaSouthern AfricaWest AfricaWestern EuropeCommunications & IT servicesInfrastructure

The fund will make investments in digital infrastructure in sub-Saharan Africa, focusing on emerging growth themes in the digital ecosystem. This includes investments in fibre, wireless, data centres, towers, as well as 5G, Cloud, Internet of Things (IoT), Artificial Intelligence (AI), fintech and network virtualisation.

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $30m Communications & IT services, Infrastructure July 2021 Active
Investment 02 $10m Communications & IT services, Infrastructure June 2022 Active

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
42Markets Group Holding Ltd South Africa Southern Africa Communications & IT services June 2023 Active
C Squared InvestCo Mauritius East Africa Communications & IT services September 2023 Active
CTrack Africa Holdings Proprietary Limited South Africa Southern Africa Communications & IT services July 2021 Active
Merit HoldCo Nigeria West Africa Communications & IT services March 2023 Active
Yellow Digital Retailers Ltd Madagascar, Malawi, Rwanda, Uganda, Zambia East Africa, Southern Africa Infrastructure May 2023 Active

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