SouthBridge and New African Capital Partners launch permanent capital fund
SouthBridge Investments (SBI) and New African Capital Partners (NACP) have announced the launch of their joint venture: SBNA.
SBNA will act as a permanent capital fund aiming to attract investors who take a long-term view on Africa. The joint venture intends to directly invest in Africa’s future with long-term capital, focusing on fintech, the financial sector integration, and micro and meso finance.
Charles Kié, CEO and co-founder of New African Capital Partners, will head SBNA. His professional career has included top jobs at Citibank, Banque Atlantique, Ecobank and AFC (Africa Finance Corporation), before co-founding NACP in October 2018 with Paulo Gomes.
SBI is the investment arm of SouthBridge Group. It was incorporated in 2020 and will focus particularly on asset management and fund management in the areas of finance, manufacturing and industry, SMEs, with a particular impact on women entrepreneurship, sustainable development and green business.
Senior partner Dr Frannie Léautier heads SBI as its CEO. She has previously held senior leadership roles in international organisations such as the World Bank, African Development Bank and Trade and Development Bank.
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