The fund has attracted backing from a diverse group of investors, including Aliko Dangote, David Rubenstein, Bill Conway, Norfund AS, Standard Bank Group Ltd., International Finance Corp., Germany’s Deutsche Investitions- und Entwicklungsgesellschaft GmbH, and Allianz SE’s AfricaGrow fund.
Alterra Capital Partners plans to invest in a range of sectors across Africa, including telecommunications, technology, logistics, healthcare, consumer goods, and retail.
The firm is targeting companies that are well-positioned to benefit from Africa’s growing population and rising incomes.
The launch of Alterra Capital Partners’ Africa-focused fund is a sign of the growing interest from investors in the African continent.
Africa is home to the world’s fastest-growing population and a rapidly expanding middle class.
This is creating a growing demand for goods and services, which is attracting investment from both domestic and international investors.
Alterra Capital Partners’ fund is well-positioned to capitalize on the investment opportunities in Africa.
The firm has a team of experienced investment professionals with a deep understanding of the African market.
Alterra Capital Partners also has a strong track record of success, having generated attractive returns for investors in its previous fund.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Egyptian ed-tech startup Educatly has raised a $2.5 million funding round led by TLcom Capital and Plus VC, with participation from Egypt Venture and Ireland’s HBAN syndicate.
Algeria-based edtech startup LabLabee has secured $3.4 million in seed funding to accelerate the adoption of 5G, cloud, and AI technologies in the telecom and industrial sectors.
The Bill & Melinda Gates Foundation has announced that it will fund 29 healthcare supply chain startups in Africa.
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