SBI and Abu Dhabi to form Africa-focused fund
SBI Holdings Inc., a Japanese financial conglomerate with private equity and venture capital arms, and Invest AD, a subsidiary of the Abu Dhabi Investment Council, announced the formation of a new Africa-focused fund management company, with target regions including Nigeria, Ghana, Kenya. Egypt, Tunisia and Morocco.
The company will invest in several sectors, including banking, mining, consumer products and manufacturing, through listed equities and IPOs, as well as pre-IPO and unlisted equity. SBI said in the release...
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