British International Investment

Convergence Partners Digital Infrastructure Fund

MalawiMauritiusNigeriaRwandaSouth AfricaAfricaEast AfricaSouthern AfricaWest AfricaWestern EuropeInfrastructureTechnology and telecoms

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 Africa, East Africa, Southern Africa, West Africa, Western Europe Infrastructure, Technology and telecoms July 2021 Active
Investment 02 $10m Africa, East Africa, Southern Africa, West Africa, Western Europe Infrastructure, Technology and telecoms 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 Technology and telecoms June 2023 Active
C Squared InvestCo Mauritius East Africa Technology and telecoms September 2023 Active
CTrack Africa Holdings Proprietary Limited South Africa Southern Africa Technology and telecoms July 2021 Active
Datacentrix Group South Africa Southern Africa Technology and telecoms July 2024 Active
Entersekt International (Mauritius) Ltd. South Africa Southern Africa Technology and telecoms October 2025 Active
Merit HoldCo Nigeria West Africa Technology and telecoms March 2023 Active
Paradigm Tower Ventures Kenya, Rwanda East Africa Technology and telecoms September 2025 Active
Yellow Digital Retailers Ltd Madagascar, Malawi, Rwanda, Uganda, Zambia East Africa, Southern Africa Infrastructure May 2023 Active

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