SDG Global announces partnerships to launch Africa focused funds
SDG Global Group (SDG) has announced cooperation agreements with both Transformational Investment Portfolio One (TIP One) and African Financial Group (AFG), to work together to set up funds for investing in Africa, and to raise funds from international investors for impact projects in Africa, including investing in TIP One.
TIP One, listed on ZAR-X, the South African stock exchange, manages a portfolio of Black Economic Empowerment (BEE) investments. Listing on ZAR-X gives international investors the transparency, regulatory and impact reporting, market pricing and liquidity they need, and provides a way for local investors to participate.
AFG has 20 years of experience in investment and advisory work in Africa, initially with a focus on healthcare, before broadening across the market. AFG has in-depth knowledge of impact projects and economic transformation.
The SDG management team has been operating in Africa and other emerging markets since the 1980s. It is experienced at bridging the gap between the requirements and expectations of international investors, organisations and businesses, and the realities and difficulties of operating in emerging markets.
Simon Littlewood, SDG Global CEO said, “The sustainable development of Africa is important not just for Africans, but for all the planet. With projections that by 2050, one in four people on the planet will be living in Africa, it is a market that businesses and investors cannot ignore.”
Lemao Ditodi, TIP One finance director said, “TIP One’s ability to impact and facilitate economic transformation in South Africa, while at the same time offering attractive returns to investors, is very compelling. In partnering with SDG and its global footprint, we hope to raise capital not only to invest into TIP One, but other high impact projects across the continent. Our ability to list more of these instruments meets international investor requirements for transparency, governance and regulatory comfort.”
Gil Mahlati, founder and chairman of AFG said, “The combination of SDG’s global knowledge and networks, with the on the ground presence of AFG, and TIP One’s listing model makes for a compelling and powerful impact proposition.”
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